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RE: STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)

in #steem8 years ago

That is simple honestly...
If we have an investor willing to buy 1 million steem below $.1, then he will likely be willing to wait for the price to go that low. If it never goes that low, then it means that STEEM doesn't need him. If it does go that low, then he has reached his pricepoint and can begin buying. However he will be highly unlikely to be able to get all of it at once so instead he will, if smart, begin buying a little bit here and there, Hoping against all hope that the can get his 10 million SP for 1 million dollars.

And if he is doing that, I can assure you others will begin stacking on and doing the same thing. This will eventually form a group of wealthy investors holding the price up against whale selling pressure as these investors prime themselves to become new whales. There is no reason an investor with 1 million dollars should be able to get a special deal to get large amounts of steem at a lower price than market.
Again...these kinds of deals are why people are leaving banks and looking to crypto.

thanks for your input though :)

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There is no reason an investor with 1 million dollars should be able to get a special deal

Good joke )

Its not a joke. If these people offer enough value they can buy it from a community who is interested in donating to that persons stake. Just because bob has a million dollars he wants to put into steem doesnt mean bob deserves it steem t9 bend ovee backwards to do it. If it is THAT necessary, well then steemit.inc has enough steem to make it possible without screwing upthe contract. If by some odd reason the value proposition goes beyond simply buying 10 million steem (at a locked in low price others will not get mind you), there is and i will repeat it -- no reason for special deals for him.

If said millionnaire brings other value propositions, the community can make decisions based on that...or like i said before--steemit.inc can sell some at a lower price. With that said, please take this seriously instead of getting trollish ;)