they are .... it's estimated that he has about 20% of existing stake and 30% of active stake assuming you refer to active as being staked here on Steem and not sitting at the exchanges. Based on what is in the frozen accounts they have total of 73million.
yes he can outvote the next largest stakeholder .. who in turn has been able to outvote everyone else until now .. since Steemit Inc aka Ned had agreed to not use their stake.
Being able to outvote and holding 150% more stake are two different things. He has the largest stake and single vote ... but the rest of the stake can band together to outvote him ... so he doesn't have the majority.
ACTIVE voting stake. I'm not going to spend any more time trying to explain the difference between stake that's participating in governance vs idle stake that's not doing much and is obviously larger than STINC stake.
ALL stake voting on witnesses is active stake ... what I said stands .. he can outvote on a one to one vote ... he can't outvote if all active stake bands together and outvotes him ... he doesn't have the majority
they are .... it's estimated that he has about 20% of existing stake and 30% of active stake assuming you refer to active as being staked here on Steem and not sitting at the exchanges. Based on what is in the frozen accounts they have total of 73million.
Active voting stake.
The current top witness has almost 89K MVests in votes at time of writing. We can round it to about 45M SP.
Justin Sun had at least 70+M SP at his disposal.
I would say he easily has majority in most voting situation.
yes he can outvote the next largest stakeholder .. who in turn has been able to outvote everyone else until now .. since Steemit Inc aka Ned had agreed to not use their stake.
Being able to outvote and holding 150% more stake are two different things. He has the largest stake and single vote ... but the rest of the stake can band together to outvote him ... so he doesn't have the majority.
Let me try this again.
ACTIVEvoting stake. I'm not going to spend any more time trying to explain the difference betweenstake that's participating in governancevsidle stakethat's not doing much and is obviously larger than STINC stake.ALL stake voting on witnesses is active stake ... what I said stands .. he can outvote on a one to one vote ... he can't outvote if all active stake bands together and outvotes him ... he doesn't have the majority
70 > 45.
Try again.
They ain't active if they ain't voting.
Stop. This is absurd as the other time when you clearly didn't know what the hell was going on with @livinguktaiwan being downvoted by @transisto.