RE: Prepare to be Dominated!
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Damn..
This could ironically work out!
At the end of the day if Nayib Bukele allows Bitcoin and other cryptocurrencies to flourish in El Salvador, that automatically means he's allowing opt-in government to flourish in El Salvador, which is exactly something a brutal dictator wouldn't do, as they would want to retain as much control as possible. He may end up being a primary example of how a country can transition from strong centralized control into a robust decentralized system that benefits everyone.
Isn’t that how DPOS starts out as highly centralized and through the upvote system and the sale of stake by early adopters to make a profit, stake gets s-read around to more and more accounts, who upvote more and accounts, further decentralizing and distributing stake around.
And isn’t it resistance to this very mechanic which kills token price, harming all and killing project, ala Steem?
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There is no rule that says that DPOS has to start out centralized and give out money to a bunch of people that don't actually care about the network. At the end of the day price is determined by liquidity, buyers, and sellers. There are dozens of reasons why Steem saw a declining token price. The main one being poor leadership in combination with a Bitcoin bear market.