RE: Method to the Madness - Vulture Capitalism Comes to the Blockchain
"...they judge us based on our actions."
I don't think that's how this works.
We've seen how the exchanges will proceed when the Steem community is opposed by Sun, and it's not going to be based on our actions, but their financial ties, and Sun has significant influence in that regard.
Regarding forks, we'd better have a preferred option ready to roll out when Sun's is ready, because we will likely prefer nearly anything to whatever Sun implements when he gains consensus.
We'll see about exchanges in the aftermath, once Sun and Steem are a separate entity. Without a community to imbue his token with value, regardless of their prior relationships with Sun, it's likely his token will be dropped eventually by exchanges, and that will not have any bearing on a new token the community fork supports, which will have the value of the use case that provides.
There's no reason that exchanges wouldn't list that coin, as long as it will make them money.
Thanks!
Well, that's the thing—If you fork out the largest
buyer of Steem in history, it will set a precedent
that Steem might not be a safe investment, and
this is why I think it's important how the fork
goes down, if it goes down. Preferably, he could
safely remove his socks without having to worry
about losing his stake. Then Steem could carry on
without forking anyone over. And the value of the
coin will stay in one coin, instead of getting diluted
into two different coin listings. Exchanges will make
money as if the cryptosphere believes in Steem and
they may depend on how the Community behaves.
(WoS) wisdom of the stake, is supporting gridlock.
Perhaps the majority of Steem power doesn't want
anybody to break/-and-or-fork anything up.
I can't speak for any stake but mine, but I sure don't want Steem to get all forked up. I still would prefer that to a unitary executive.
I reckon most stake does too. In the event Sun forces a fork - which I am almost sure he will - if we have a suitable fork available to migrate to, I think most of the community will migrate to that fork to avoid being Sun's property on his fork.
Where goes the community the value will go too. While Sun might get his buddies to list his coin, without the community they won't make money on that coin.
The community's coin will make them money, because the community buys and sells it's coins.
It sounds like the community precipitated
one. So, I guess we shall see what it do and
how well it is received by the marketplace.
Everything in it's season. The harvest follows the planting in due time.