First of all, this was pointed out to me by on a post below, but thought it was worth reposting;
https://steemit.com/steem/@hisnameisolllie/steem-getting-pump-ed-will-there-be-a-dump
Data from https://steemd.com shows that a massive proportion of Steem is currently held in vesting Steem Power;
- Steem (current supply): 95,949,815.277 STEEM
- Steem Power (total vesting funds): 93,765,476.432 STEEM
Percentage: (2/1 = 0.977): 97.7%
This is an interesting fact to consider, and in my opinion, should aid in the development of the Steemit platform, and help and
achieve their 'evil plan for cryptocurrency world domination';
https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination
Steem Power is like restricted stock. Locked down for a 2 years period, and only returned at a rate of 1/104th per week, it guarantees that a traditional market dump cannot occur. This will also aid in the development of a stable ecosystem over time. Too many cryptocurrency are harmed by wild market speculation and market manipulation in their early days. Steem Power gives the Steemit platform time to develop, build a community, and move on to the next task, without the traditional;
Pump, Hype, Dump, Death...