The Steemit account is an absolute majority (about 70%) of the actively voting stake. You can't expect all of the supply to ever vote because much of it is liquid for trading as well as dormant or even lost accounts.
The only way we know how much stake is going to vote is by how much actually votes and i that case it's a clear majority.
So freeze all large investor whales in the future?
No.
This is a decentralized blockcain.
Good then stop going on about legal documents (in your other replies). People are free to run whatever software they want, and that includes forks. Blockchains are entirely voluntary and don't rely ultimately on coercive enforcement by government institutions the way centralized systems do. That is their entire purpose for existing.
ITs the risk we take
"We", in this context, means everyone. When Justin buys a company that has stake on a blockchain and that blockchain community has a clear understanding of how that stake is to be used, he violates that at his peril.
We all share the same interest of improving the value of steem .
Absolutely and that includes insuring that the 65-75 million steam that was earmarked for development of the ecosystem is used for that, regardless of whether or not the shares in some company change hands.
In truth, the community accepted Ned's lies and spin for too long and enforcement of on-chain controls over that stake should have happened long ago, but better late than never.
Well said. What’s hilarious, to me at leat, is that this whole drama has been the only thing that’s gotten me (or many others) to actually be interested in visiting/using steem for the first time in like...forever.