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RE: Why Steemit Inc Selling It's Stake Is A Good Thing!!!
Most importantly, Steemit Inc has a lot of expenses because development and running nodes and hosting images costs money. Because Steemit Inc has no fiat revenue stream other than selling its stake, it is unavoidable that the selling will go on.
That is true although their recent moves have dropped the price of running the nodes a great deal. If my understanding is correct, we will see a further drop when RocksDB is completed.
And they did add in advertising which might help their cash flow. I am not sure of the success of it yet but it is something.
Consistent selling by a big fish is not the worst thing in the world. Let others get their hands on that STEEM.
I agree. I wonder how much on ad revenue Steemit Inc is making from ads shown to the users of Steemit.
Hi @taskmaster4450
What do you mean? You mind telling me?
Yours
Piotr
will not invest a singe penny into steem as long as this idiotic bot-flagging continues
That's a very good point @markkujantunen