RE: Why I do declare! - It's 1861 in the Steem World Social Experiment and a Civil War is Unfolding

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Why I do declare! - It's 1861 in the Steem World Social Experiment and a Civil War is Unfolding

in steem-bounty •  8 months ago 

Popcorn Fight on Steemit Blog
In an exceedingly rare appearance on the Steemit platform, the CEO stops by to DOWN-VOTE a disgruntled, established user for “toxicity”.

But wait--the best (or worst, depending on which camp a person is in,) is the blatant edict by a community leader for his entire drone army to disassociate from Cork and any initiatives he's part of. This edict came with the express threat of removing delegations and all support from anyone who affiliates with him. And the whole drone army concurred that this was acceptable.

The CEO started interacting on Steemit on Sep 25, with a first response to bandwidth issue

Follow his comments here:

Here's a comical exchange that ends with the CEO MUTING a dissenter!

Another comedy performance: CEO says, “I will need to mute you for intimating violence by slapping me.”

CEO drops a hint about what's to come...

Scale it or fail it. Glad that’s not lost on some of us.

brianphobos: "This blockchain has probably made about 50 people more successful than they were before. Everyone else has been stuck in a frustrating time trap."

And the BIG REVEAL?!!!
Unofficial CEO announcement 10-02-2018:

"I am working on an entirely new UI to take the mantle of onboarding normies into crypto."

"Except everything will be new. In order to give the project maximal potential I’m building it under a new corporate structure with new top tier scalable name and domain (mobile first, though) and mission leveraging much experience gained, I believe much to the benefit of everyone, who will join."

I predicted that Ned & Co. would be moving on, abandoning the Steemit platform, rather than nurturing and enhancing it. Can you imagine if brick and mortar business owners just walked away from their failing establishments to start new ones down the street? If Steemit is not a success, why would another platform be a success under the same management, with the same principles and the same centralized decision-making?

Investors should be asking if this new company and UI is being built with the Steemit Community's funds? Who's paying for this new venture and why is no one concerned that the time and money that has gone into building Steemit is a total write-off in the same way that the DLive investment is a total write-off?

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So, should we assume that devs designing for Ned & Co.'s new UI aren't paid from the investments of STEEM blockchain investors? Isn't building from the ground up wasting investors' money? If the average cashout by a down-vote bot operator is $10,000/mo, what is the real cost of all devs and T20 witnesses in the Ned & Co. inner circle cashing out?

I'll leave you to ponder the answer to those questions with this graph.

The general trend of STEEM value is down and it would be worthless by now, if not for the apparently synchronized investments that rescue this cryptocurrency from the grave. When the STEEM blockchain crashed on Sep 17, it came back online with an 18% pump. In a single hour, a day before the Hardfork, it spiked 31%. Who buys STEEM when the blockchain is proving itself vulnerable? New investors? I think not. How about existing investors recycling their cashouts? What else can explain the apparent hivemind pumps? There has been a 70% growth in STEEM since Sep 12! This can't be organic conversion growth. I suspect it's Ned & Co returning cash to the kitty that they previously cashed out.

"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."

@SteemNetwork is defying the dump with currently an 18% pump
7:34 AM - 18 Sep 2018

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."

STEEM Price Surges 31% Ahead of @SteemNetwork Velocity Hardfork
1:15 PM - 24 Sep 2018

Let's see a report on STEEM buys by account name with date of account setup. That would prove whether sales are organic conversions or recycling by Ned & Co..