Quote from: iamnotback on August 01, 2016, 04:34:25 AM

Quote from: raphma on July 31, 2016, 02:42:30 PM

i'm not saying it's not a ponzi, but why wouldnt they power down?? who wouldnt??
they have more than enough to keep using the platform, they will take 1/104 per week so it's just a parcel.... and the fact they are powering down it good to the community.. so what's the problem? they should keep the money there forever?

A much better design would debase their holdings while most of it remained locked up for 104 weeks. Which is the design I intend to launch asap. Also their holdings shouldn't be 50% of the tokens.

Quote from: magicalacademy on August 01, 2016, 12:40:45 AM

Steem power is what holds this thing together, the more people powering down the quicker it will be break down. The people who will be left holding the bag are the one late to the party the smart ones on top are cashing out while the fools are buying.

It probably won't collapse until a kickass competitor is launched and the bag holders realize they are fucked. They will either remain in denial while it sinks or try to power down to head to the exits.

Quote from: Carmen_Sandiego on August 01, 2016, 04:22:03 AM

lol what is the purpose of the blockchain in this case?

So the content is not controlled by any party (but for Steem that ideal is lost since the 50 whales control it via proof-of-stake).

Unless they bring something truly sustainable, it will implode.