People outside steem that were calling steem a major scam were not wrong after all. I would not buy into steem if I were to be a major investor without knowing what will be the fate of the huge steemit stake. Ned really need to face the music no matter where this ends
Yep, in a recent audioclip of him on Discord he said they mined the stake for their own speculation that it would be worth a lot some day - after all the promises just to cover that fact - he basically admitted it was all a long con.