When 59% of all tokens are owned by status dev...how and why does the community holders consensus matter?
Technically, 59% is spread across all the people with absolute control over the project.
Also, what mechanisms are in place for community token holders to vote on how development should proceed.
Posted Jun 20, 2017, 11:04 AM UTC
SNT are not company shares. Even with 80 % in hands of the users you would not have any say in the development and roadmap. At best you'd have power to sell and cause a price drop but you'd need a large number of people with you to do so.
I actually think the entire crypto/ICO bubble is maintained mainly by people completely misunderstanding the role of the tokens.
Ding ding ding ding.