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RE: Did Someone Say 'Hold It'? || @steemit Is Powering Down - What Would You Do With $71.4 Mio Steem?
The most probable reason I found to explain it, that for the SMT there has to be SP purchased and freezed again in the new accounts. So it would be a "good" thing. Still a tiny thing of ... let's call it "info" would have been quite nice and (hopefully) I could have sleep much better.
Any stock corporation in the world has to inform their stake holders about such money transfers. Obviously these rules don't apply for crypto businesses (yet). I wonder why.
Crypto is an easy way for institutions like governments to track money laundering operations and other gray and black market activity, they've let it go on for a while because they know people slip up when they cash out big which is why they've waited until now to request information on accounts from banks and exchanges in places like Japan, Australia, the US, and so on. All records being kept on the blockchain make their jobs easier. The trap hasn't been sprung yet in some places, but without a doubt it's inevitable. Regulation scares away such users of financial instruments which is why many regions have been slow to move, knowing that their currencies' stabilities are generally not at risk (yet).
They don’t need to inform someone, everyone can read it in the Blockchain. At least for steem everything is public :)
Thanks for the lesson. It's on the blockchain after taking place, correct. But their vision, strategy and plans are not on the blockchain. That's what investors might be rather interested in :-)
Yea it's not the best marketing, but at least they can't hide anything :)