Yes, after 3 years (or however much - the period is negotiable) he may still be one of the largest stakeholders, but this would require that he holds all the daily received payments over that time rather than sell. I think this is quite different from buying in one go OTC. But, perhaps more importantly, it gives the community more time to improve the governance mechanism so as to better ensure decentralization.

I think from his perspective, even if he has 70M liquid STEEM right now, he can't sell it all without crushing the price. It will have to be a gradual sell over a long period of time. How much STEEM can you sell per year? 20M? 30M? I guess Steemit Inc. were able to sell 800k a month which is like 10M a year and it probably influenced the price negatively.

What do you think?