Good question. There is a 2 stake limit on redeeming NEMstake.
Which is of course ridiculous limit as the stakes were bought on open exchange.. Unless you want to add even more stakes to "development funds" by stealing stakes from users who bought them . I wonder what will that do Nem credibility?
For once I agree with you. This rule is just obsolete.
It is just that. We won't enforce that rule.
At least that's my understanding.
Then get rid of the rule and make it a level playing field for everyone.
A dev just was on here stating the opposite.
There are advantages and disadvantages to keeping the rule. Right now the market is severely manipulated because there are not many stakes that are for sale. Also, because NEM hasn't launched yet, the price is way lower than it should be. If we take away the 2 stake rule, then one NXT whale could buy up 200 stakes easily, and I am totally against that as it would hurt the egalitarian distribution that we have worked so hard to achieve and also hurt the image of NEM's reasonably fair distribution that we have dedicated so much time to.
Let me just say that there is something going on behind the scenes and, if successful, this will no longer be much of an issue.