Should we worry about SteemIt's Transfer?
As a top witness, I still firmly believe steem's future. In short, I don't think there is anything to worry about. I believe it is just used to cover the operation costs.
I have also synced the blocks with the blockchain - but haven't exposed the data in a tool or API yet. Here is some data:
Recent transfers:
sqlite> select * from transfer where memo = '101088686';
hkdev404|deepcrypto8|19000.0|STEEM|2020-07-20 10:13:24|45266209|101088686
hkdev404|deepcrypto8|3090000.0|STEEM|2020-08-07 11:27:06|45781690|101088686
bitdev100|deepcrypto8|404100.0|STEEM|2020-08-07 14:42:24|45785562|101088686
steemit|deepcrypto8|2500000.0|STEEM|2020-08-07 17:38:54|45789035|101088686
Another one:
sqlite> select * from transfer where (sender='steemit' or sender='steem' or sender='hkdev404' or sender='dev365') and time > datetime('now', '-5 months');
hkdev404|poloniex|200000.0|STEEM|2020-03-10 01:44:15|41516354|603310653f9520b4
hkdev404|deepcrypto8|2600000.0|STEEM|2020-03-18 16:38:03|41764197|100082753
hkdev404|deepcrypto8|1000000.0|STEEM|2020-03-18 16:47:57|41764395|100082753
hkdev404|deepcrypto8|19000.0|STEEM|2020-07-20 10:13:24|45266209|101088686
hkdev404|deepcrypto8|3090000.0|STEEM|2020-08-07 11:27:06|45781690|101088686
steemit|deepcrypto8|2500000.0|STEEM|2020-08-07 17:38:54|45789035|101088686
Every little helps! I hope this helps!
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I agree that one purpose is probably for payment of operations costs - I believe I remember them saying that they hired 2 or 3 people to curate "The Diary Game", and salaries and other costs need to be paid. I guess that another reason is probably to grab back some of the funds that were invested primarily to fight in the February/March "Witness Wars" and aren't needed any more.
It's a difficult position for Steemit. If they hold the funds, they're accused of being too centralized, but if they sell them they're accused of abandoning ship.
Still, in the short term, it seems that there will be substantial new selling pressure on the price of Steem. I'm not thrilled about that, even if the long term prospects are (hopefully) still good.
Yes, it is amazing that the Steem blockchain still lives so well 6 months after the fork.
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Yeah, I think so, I believe they won't do the stupid behavior.
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