The elite group controlling Steemit created a NIGGER CLASS knowing some will leave and some will be sponsored by the do-gooder middle class. This group apparently has centralized control over wealth distribution, has eliminated dust vote reward dissipation and has started withdrawing delegations to minnow support projects. The message they seem to be sending is STOP FEEDING THE MINNOWS.
Through down-vote bots they reclaim a substantial amount of wealth distributed across the bottom tier of the platform. The plagiarism down-vote bots are contravening Steemit Inc's contractual agreement with ALL users. Within the ToS is a section defining the DMCA complaints mechanism. False accusations of plagiarism expose these bot operators to potential defamation suits, They disregard the Fair Use Doctrine of Copyright Law and levy unfounded accusations at copyright owners using SteemPress to syndicate articles originally published on their own established media outlets. A case in point is the continuous attack of Al-Masdar's account on Steemit, @amdlive, and anyone who upvotes them.
An audit I did in August revealed that a single operator of a plagiarism down-vote bot was cashing out $10,000/month. Certainly a lucrative venture by any standard! These down-voting bots are delegated from steem accounts, to mrdelegation, to down-vote bot operators.
The 'hive-mind' STEEM buys tell me these are orchestrated and not at all organic and likely not new investors. I suspect recycled investments from previous cash-outs. When the STEEM blockchain crashed on Sep 17, it came back online with an 18% pump. In a half hour window, a day before HF20, buys spiked 31%.
"Only Steem is defying the dump with an 18% pump at the time of writing. A strange occurrence since their blockchain has been suffering with technical difficulties lately."
STEEM Price Surges 31% Ahead of Steemit Velocity Hardfork
"On Monday afternoon the coin price surged 31%, climbing from a price of $0.852111. The majority of those gains came in less than an hour, between 16:00 and 16:30 UTC. The highest single concentration of trades comes in the form of STEEM/USDT on Huobi, while the rest of the market is shared predominantly between STEEM/BTC and STEEM/KRW."
I'd say investors have a lot more to worry about than my use of the word NIGGER.
Read the history of cryptocurrency and decide if the founders are more likely to be saints or sinners.
Given the clawback of rewards from the bottom tier, I suspect the nickles and dimes held in dormant accounts will be reclaimed to simulate STEEM growth. It's the equivalent of wage cuts to boost shareholder dividends. This could happen around the SMT release in March 2019 or immediately after it.