The tanking of steem price might have unintended consequences. It might destroy the momentum that it was carrying. Instead of dumping millions of steem on the markets and killing the enthusiasms of the markets, could a hardfork be instigated?
The average volume in the markets are 200K to 300K/daily. The @steemit account is trying to power down 60MM worth of value. If we do the math, we are not looking at a rosy picture as far as momentum is concerned. Isn't there a better way to do this, maximizing happiness for all while preserving steem's momentum?
60MM to take out over the next 2 years means 83K/day dump. Current steem market size is 200K/day. That's 41% of the entire daily volume that contributes to the sell wall. This will fracture the fragile market.
COULDN'T HARD-FORK SOLVE THIS PROBLEM WITH A CONCENTRATED ACCOUNT?