The price of STEEM used to be much lower... so what did they do back then?

Well, my preference would be for them to use the huge amount of STEEM in those first accounts. The ones that made STEEM from mining (or basically, they gave themselves STEEM while they had a couple computers talking to each other) So, there are several accounts of the steemit developers who have giant piles of STEEM.

Maybe they can put their money where their mouth is.

But, i really haven't seen much good work coming out of steemit... so, what have they been spending two million on?