RE: Hive Middle Class Developing
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I've followed most of the largest curators and they are mostly voting dumpers.
IF you know someone that isn't voting stake to people that drop it like it's hot, please let me know, I'd like to follow them.
As for the folks dumping what 'we' give them, they don't know what they are giving away for pennies.
It's up to us to not cut our own throats by voting stake to them.
Hindsight is always 20/20/
I think we can pretty accurately predict the outcome of voting stake to dumpers.
Imagine how much faster control would shift from the ninjaminers to the community if the (mostly) ninjaminers weren't taking 50% of the pool day after day and voting it to people that sell it back to them for pennies just as quick as they get it.
IF 'the whales' were interested in transferring control from their few hands to the hands of the many, they would observe a 1000mv vote cap on the pool.
Doing so lowers the height of the hurdle for new investors from having to buy millions of hive, just to gain parity, to 580,000.
A much lower entrance fee.
A much lower dilution rate by the ninjamine.
But, even were 'they' to do that, there is another hill to climb on the horizon and that is the ~30% of hive on the exchanges, not hard to figure out who is holding that.
Certainly not the people dumping hive as fast as it gets voted to them.
Were a large fraction of that hive be powered up, we would be back to where we are now.
No telling how many years it will take to overcome that obstacle to 'community' control.
We could still be at 8usd if folks stopped selling for less.
But, 'It's my money and I need it now! '
Smdh.