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RE: Adjusting to Market Conditions and DPOS.
If the four largest accounts belong to Steemit Inc, then Steemit Inc controls 64.9% of stake - and I don't think that's all of what they own. Steemit Inc still has total control of the chain, even if they choose not to actively exercise it.
What I don't get is people complaining about Steemit Inc auto-selling their stake. It's a fantastic thing. In a few years, their stake may fall below 50%. ;)
They are complaining because that money hasn't been spent doing much of anything for steem or steemit.com for that matter. It has gone into the pockets of Inc who has done almost nothing with it.
Not only that but they haven't been "strategic" with the selling at all. Selling large amounts when there is liquidity and demand makes a lot more sense then selling the same amount when there is no demand, like now. That makes no sense.
Imagine had they sold large chunks on that run up to $9 instead of selling the same amount they are right now?
They would be well funded and we would remove the largest drag on the steem price currently.
I was being sarcastic.
Ah ok, that makes sense then. I had missed that.
I agree with you on that... Sell babies sell that so hard!
To be honest, I thought Steemit Inc's stake would've been smaller by now. Like Chinese communists would say, we're in for a long march before stake distribution can be said to support a truly decentralized chain.
/sarc