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RE: How should Steemit Inc decentralize their stake?
I agree burn would be the ideal solution, but that will obviously see a lot of friction from the Steemit Inc management.
I agree burn would be the ideal solution, but that will obviously see a lot of friction from the Steemit Inc management.
I get why they might not want to burn their Steem, but I believe that this will create a much bigger demand for Steem, ultimately leading to it rising a lot in price. I'm fairly confident that this will be a good financial solution for the long-term thinking. However, that's easy for me to say, and I might feel otherwise if it were my millions that were on the line.
Doing the right thing is not always comfortable. Burning them is the best for everyone.
I think after doing it the price could go up 5 times... So Steemit Inc. would be better off by doing it... although they might feel not comfortable because there is of course no guarantee that the price would triple at least...