The same for n2 but wasn't there quite a few large mining accounts already? So wouldn't the buying of steempower need to be quite large and back in 2016 the price was high. So n2 let those miners and their circles/ trails benefit massively with very little risk anyone would threaten their stake.
I wasn't here then but I can't imagine when some accounts mined 5-10% of supply +stinc anyone willing to buy in at that point heavily.
Edit: not my area either so I might not understand :D
Ten accounts take 30% right now.
@statsmonkey
Have been ever since linear was forced on us.
The math worked best when the experiment capped influence at 800mv, imo.
It was threatened that the sky would fall.
Panic set in.
Let them tank the price, they can only sell the ninjamine once.
Steem is here to stay.
My sentiments at the time.
And, dont get me wrong, i fully understand the necessity of how, and presumably why, that played out.
It's just that when steem was open sourced it became a commons.
No longer the personal piggy bank of the creators, but a technological virus, for good or ill, in the hivemind of humanity.
Bring back the n2, cap influence at 500mv (slowly ascending), and see what just one year brings.
Obviously, linear has succeded at supporting its detractor's assertions, and wasted 2+ years on an ego trip, imo.