RE: Statement: 0.22.5

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RE: Statement: 0.22.5

valued-customer (67)in #steem • 6 years ago

My understanding from folks that have undertaken the research, and whom I consider reliable sources, is that Tron currently controls ~100M Steem.

Thanks!

6 years ago in #steem by valued-customer (67)

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jarvie (70) 6 years ago

That is a ridiculous amount of steem if true for a chain that only has about 370 million steem and a good chunk of that is in exchanges so the impact of governance of ~100 million is incredibly centralized

$0.00

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valued-customer (67) 6 years ago (edited)

Yes, it is. Particularly in view of abandoned accounts and folks that have lost keys. I hear about this frequently enough that there is probably a significant amount of Steem unavailable to vote for witnesses. That magnifies Tron's influence some.

Prior to the Soft Fork, I was told Tron controlled 150% of stake available to vote for witnesses. That has since changed, and many more people are now voting for witnesses than were in the past. According to https://steemd.com/witnesses, there was a lot less lost Steem than I had assumed.