they are .... it's estimated that he has about 20% of existing stake and 30% of active stake assuming you refer to active as being staked here on Steem and not sitting at the exchanges. Based on what is in the frozen accounts they have total of 73million.
yes he can outvote the next largest stakeholder .. who in turn has been able to outvote everyone else until now .. since Steemit Inc aka Ned had agreed to not use their stake.
Being able to outvote and holding 150% more stake are two different things. He has the largest stake and single vote ... but the rest of the stake can band together to outvote him ... so he doesn't have the majority.
ACTIVE voting stake. I'm not going to spend any more time trying to explain the difference between stake that's participating in governance vs idle stake that's not doing much and is obviously larger than STINC stake.
ALL stake voting on witnesses is active stake ... what I said stands .. he can outvote on a one to one vote ... he can't outvote if all active stake bands together and outvotes him ... he doesn't have the majority
existing stake coinmarket cap claims steem has? you have no fucking clue what you are talking about, as always, one thing is steem tokens, another thing is staked tokens, and another thing is staked steem actively voting witnesses, and you have to add to that how many wits that stake is voting. Get a fucking clue, then talk.
Because she has trouble understanding that the current stake that's actually voting for witnesses is much smaller. @blocktrades has about 45M SP voting for him and he's currently #1.
Let's see, Justin has over 70M at his disposal. I wonder who wins outright unless some magical awakening of the sleeping 200M SP happens.
seems you're so busy being an arrogant dick that you're unaware that this situation has more people than ever voting on Witnesses and watching closely what is going on.
because of what enforcer and I have been talking about ... he can create havoc by voting in his own witness choices leaving everyone else having to combined forces to outvote him ... he could also decide to collapse the stake by selling it off for what he could get and smashing the price ... the witnesses were not willing to wait to see what his intentions are
I have concerns about the SF .. but I get why it was done.
Existing and active stake are kinda different.
they are .... it's estimated that he has about 20% of existing stake and 30% of active stake assuming you refer to active as being staked here on Steem and not sitting at the exchanges. Based on what is in the frozen accounts they have total of 73million.
Active voting stake.
The current top witness has almost 89K MVests in votes at time of writing. We can round it to about 45M SP.
Justin Sun had at least 70+M SP at his disposal.
I would say he easily has majority in most voting situation.
yes he can outvote the next largest stakeholder .. who in turn has been able to outvote everyone else until now .. since Steemit Inc aka Ned had agreed to not use their stake.
Being able to outvote and holding 150% more stake are two different things. He has the largest stake and single vote ... but the rest of the stake can band together to outvote him ... so he doesn't have the majority.
Let me try this again.
ACTIVEvoting stake. I'm not going to spend any more time trying to explain the difference betweenstake that's participating in governancevsidle stakethat's not doing much and is obviously larger than STINC stake.ALL stake voting on witnesses is active stake ... what I said stands .. he can outvote on a one to one vote ... he can't outvote if all active stake bands together and outvotes him ... he doesn't have the majority
70 > 45.
Try again.
They ain't active if they ain't voting.
Stop. This is absurd as the other time when you clearly didn't know what the hell was going on with @livinguktaiwan being downvoted by @transisto.
have you done the math yourself? I have not.
yeah actually I have on the existing stake that coinmarket claims Steem has .. it actually comes to 19% ... any other questions?
existing stake coinmarket cap claims steem has? you have no fucking clue what you are talking about, as always, one thing is steem tokens, another thing is staked tokens, and another thing is staked steem actively voting witnesses, and you have to add to that how many wits that stake is voting. Get a fucking clue, then talk.
Then why the SF
Because she has trouble understanding that the current stake that's actually voting for witnesses is much smaller. @blocktrades has about 45M SP voting for him and he's currently #1.
Let's see, Justin has over 70M at his disposal. I wonder who wins outright unless some magical awakening of the sleeping 200M SP happens.
Exactly why I have always told every one it is not and will never be de-centralized. It is a private company.
seems you're so busy being an arrogant dick that you're unaware that this situation has more people than ever voting on Witnesses and watching closely what is going on.
I recall @yabapmatt had over 90K Mvests voting for him at one point.
So stop pretending you are the only one actually keeping track of stuff.
this conversation ended when you showed yourself to be an arrogant dick ... there is no value in wasting time on the likes of you
You are wrong and that's all there is to it.
I don't need to be arrogant to understand Justin's stake is greater than the current active voting stake in governance.
No, this conversation ended when you demonstrated to be ignorant, thats when it ended.
because of what enforcer and I have been talking about ... he can create havoc by voting in his own witness choices leaving everyone else having to combined forces to outvote him ... he could also decide to collapse the stake by selling it off for what he could get and smashing the price ... the witnesses were not willing to wait to see what his intentions are
I have concerns about the SF .. but I get why it was done.
What about US Code, it is a United States corporation. There is more than just ideals that have to be considered. Only the law matters.