I'm not much into the analysis as I am not a technical thinker. I can smell that you are somewhat right. But how this staking power will have a negative impact?
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I'm not much into the analysis as I am not a technical thinker. I can smell that you are somewhat right. But how this staking power will have a negative impact?
Well, I haven't thought about these things too much so far...
I guess it comes down to this:
Will people power up/stake their earnings, or will we continue to see the same group of individuals get more stake in terms of dozens of tokens? Which eventually will be sold for even more Steem.
I think that one of the most harmful things towards the price of STEEM is that a rather small group of individuals owns a really large chunk of STEEM. When they sell, the price goes down, and a user with say 200K can easily go down in price meanwhile a user with 500 steem can't, as they would basically get nothing for it.