Hey Charlie
Thanks for the info, I just want to bring up the point that on the steem platform, "government" does try to control the market to some extent, for example payouts are now part Steem and part SBD as a decision to control the peg, which is fine, but serves to highlight that government does already try control a bit so why not try other methods of market aid.
Whales and especially witness whales are basically shareholders or trustees of Steem, when a shareholder of a company dumps his shares the market spooks.
What if when Microsoft was still young, Bill Gates started selling all his shares, not just once off but weekly with no end in sight?
As trustees we need to think to the interest of Steem, as a trustee of property body corporates I don't even get paid, it is a service to the body. Here we have the priviledge of being paid, so we could try help the market.
It is scaring alot of people to be honest, I run successful campaigns here on steemit and am all in for Steem and even I am starting to get a little spooked,
Granted I don't have the same direct line of communication as you do, so I won't know what is really going on in the inside, but from the outside it looks scarey, I'm just talking from the peoples perspective and what people say to me in passing.
I had an idea which I expressed to another witness, what if whales, especially witness-whales. do a round robin, example the top 20 power down 5 a time, 5 per week so not everyone is dumping simultaneously.
The price will recover and the next batch of whale sellers will be able to sell at better prices .
What do you think of this idea?
I think that Bill Gates is smart enough to sell his shares by non marketable orders. Other thing is that Microsoft was a company with clear vision and value. Steemit is platform where people get money no matter what content they share. this is main problem of Steemit. And economy of steemit is next big problem.