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RE: Orconomist Issue 2 - Pareto & The Whale - Surviving The Dumpening
I was looking forward to the dampening so I could pick up lots of steem at a very very low price and move beyond hero status quickly. I personally would prefer if ownership of Steemit changes quickly from short term investors to long term investors. It would be brutal for 12 weeks but after that we would have much more clarity on who is long and who is not.
Brutal isn't the word, if the top 1% all go for getting their SP out in 12 weeks, I fear for Steem; SBD will collapse and Steem itself will be under pressure, as it won't be able to honour the SBD tokens without going bust.
Cg