Perhaps you should read my recent post, which I hope may shed some light on why I disagree with your legal reasoning.
You are viewing a single comment's thread from:
Sort: Trending
I am playing catch up, and will as soon as practicable. I have understood due to the kind explanations of dormant stake by both @smooth and @timcliff that my belief that 1 Steem = 1 witness vote would resolve the potential of the founder's stake to effect instant control over governance of the Steem blockchain is incorrect, and that stake represents ~70% of stake available to vote for witnesses.
I do apologize for my misunderstanding, but I remain convinced that change is necessary to make governance of Steem equitable. There are very good reasons no stock corporation elects directors in the way Steem elects witnesses.
Thanks!