I think something people are ignoring, or not taking into account is, if Ned is selling, then someone is buying, the amount of steem does not really decrease, does it not just change hands or does it somehow magically vaporize as soon as Ned sells it?

I think that what may have a few people upset is the dilution factor of that large a steak. Instead of it being controlled by a small group, now it may be controlled by hundreds of people and groups as it is slowly sold off and purchased. Unless of course it does in fact just vaporize the instant he sells it.