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RE: How an Exchange Abused its Power (while another became a role model)
The wisdom I caught from this is the buying back 20% of the coin to cause scarcity. That's so ingenious of them. Can Steem witness and other bug whales do that? Will it work?
I also got to know from @kawaiicrush / @kawaicrush that top 20% of witness on this chain are powering down heavily.
The delisting of coin and the drama wasn't a surprise to me, I've seen it happen to many coins.
Yes in fact it is 60% of the top 20 witnesses whom are powering down. But 20% of the top 100 witnesses total. It will be quite interesting to see how this unfolds.
I flag trash. You have received a flag.