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RE: STOP POWER DOWN MONTH (#SPDM): The consequences of a massive sell...

in #palnet5 years ago

I don’t know. No information about COSTS...btw, I’m not forgetting these aspects...where is MIRA? Maybe you know...

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I’ve got no inside information but at one point I saw it posted that the monthly operating costs alone were five figures. That’s a huge amount of Steem required monthly!

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Sorry, 5 figures means 100000$ or 10000$?

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$10,000-$99,000. I think it was in the $10,000-$30,000 range but I’m not certain, sorry

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If I am not wrong, they are selling more than 800000 STEEM a month, get your own conclusions...

Hmmmm, you seem to be right. Due to the nature of steem it could be a long tail exit. I highly doubt this though. Maybe they’re saving USD for a rainy day or putting money into more R&D?

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