I wonder how much it would cost to buy up steem. With a current market cap of about 750 million, i mean its not like you could gain majority for 375 million, as not everyone is willing to sell at the current price. Especially not once that massive buy wall occured. So how many billions would it take to shut this down? Plus then, yes, we would all say thank you for the payoff and just fork. lol.
Also: https://hbr.org/2015/12/what-is-disruptive-innovation one thing people never grasp about disruptive innovation (since its one of the most misused terms in tech) is that is very hard for the incumbants to fight disrupters, its a situation where they are more or less defenseless.
That is the golden nugget and shows where that unending amount of fiat is worthless. No matter how much they throw at it, it is not enough.
Thanks for the link...I will have to read it.
One thing I am noticing when talking to people, not only are they defenseless, they are not even aware. There are so many people that I mention something about their industry and they are like, no we are fine. I asked one personal injury attorney how autonomous cars would affect business and he said he doubt it ever would.
What...are you kidding me? Human error is the cause of 90% of car accidents and that is 70% of this guy's business. (he is a relatively young guy too so I dont think he has the advantage of saying I will be retired before than).