people buying the coin on exchanges are guaranteed not to lose by virtue of the vested stakeholders dumping on them.
Are you preferring that they don't buy?
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people buying the coin on exchanges are guaranteed not to lose by virtue of the vested stakeholders dumping on them.
Are you preferring that they don't buy?
Of course not, I was just stating the obvious. If we think about it, it's actually an advantage for everyone to have that guarantee (speculators can hold the coin for longer periods on exchanges without the fear that they will lose because the stakeholders start selling).
Having a large proportion of the total supply on exchanges means that HP holders get higher vesting and curation rewards. That has its drawbacks as well...the risk of an exchange hack would hit the network in a bad way (for example).