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RE: Rumor says: "We might Be DPOS-TESTED SOON" - Time to show the world how strong our chain is!

in #steem-blockchain5 years ago

Interesting worse case scenarios. I believe the second one would be very hard to accomplish as well. There are close to 200 million STEEM vested and only a little over 112 million liquid, of which about 80m on exchanges. To gather enough SP to become a 'dictator', one would have to convince many stakeholders to power down and sell their stakes. And it wouldn't happen overnight, there would be a counter-reaction, which doesn't have to be a bid for stake.

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Good spotting.

Supply: 311,911,024 STEEM (Worth $111,352,236 SBD); $8,902,205 SBD (7.403% of supply); 111,562,410 Liquid STEEM (35.767% of supply)

Plus, purchasing enough stake to force vote their own witnesses via an exchange would definitely pump up the price of steem to at least $0.7 or more, making the purchase even harder.

That and the fact that steemit Inc could (and most likely, except they want the death of their platform) use their own stake to counter the hackers voting Power.