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RE: My Thoughts On The Steem Hostile Takeover & Moving Forward
In five years there isn't much dilution (about 25%). It would still be a massive, essentially consensus-breaking block of stake. Other than that I don't think the idea is all that bad (maybe that makes it a bad compromise!)
Oh yea. The hard numbers I know nothing about. I just made up the time frame.
justin is making > 15,000 SP each week with just 50% of top 20 witness. That's 3 quarter million SP a year. or 750,000 each year.
why in the world would he agree to those terms to lock assets that he already paid 100% with cash for?
note: 750,000 SP with 10 top 20 witness = 1,500 Mvest of votes increases doing nothing each year.
For the betterment of steem which he will do because: “large steem stake x 0 = 0”. “Large steem stake x large value = cash money”
i think the last 4 years of whales doubling, triping, (and in some cast even more) their stake at the expense ofcommunity, not to mention cashing out millions in USD with constant powerdown and selling at expense of steem prices already proofs that very large stake doesn't mean a decision for the betterment of all
besides even if 25%-50% of steemians traffic gets drawn to tron, that is worth close to 10x his ninja stake due to network effect and size of tron, he can benefit a ton with zero Steem price movement even negative, I'm sure you are aware he already have > 1 billion USD funds raised during boom time. The whole steem blockchain could be a tax write off for him, he really wants the power and traffic steem generates...that's the primary value.