Should Steemit Inc stop their 800k steem monthly sell-off?

Asked by sisygoboom Promote - View in Hive.blog - Audit

A look at the effects of sold stake

Pros

  • Removes constant sell pressure which can keep us locked in low prices.
  • Steemit Inc will have more of a long-term stake in their own product, potentially motivating hard work and a better product/marketing.
  • Steemit are now covering their costs with advertising, instead of solely relying on the pay-wall.

Cons

  • Distribution of steem will remain centralised in the hands of steemit Inc, which is not ideal in the long run as you want as many small accounts as possible to use low prices to catch up.
  • Prices will go up faster, sooner, meaning early adopters will have less time to accumulate.
  • Less immediate, short term funding meaning development of hive mind and communities may be slower.

You need to be logged in to vote for the polls. Click to log in via HiveSigner.

No. (35.71%) 5 / 14
35.71% Complete (success)
No, but decrease it. (21.43%) 3 / 14
21.43% Complete (success)
Yes. (14.29%) 2 / 14
14.29% Complete (success)
Other (please explain) (14.29%) 2 / 14
14.29% Complete (success)
No, increase it. (14.29%) 2 / 14
14.29% Complete (success)

Available Filters

Minimum Reputation
Minimum SP
Minimum account age (Days)
Minimum post count
Result layout Community