Thoughts On @ned's Power Down?
Not here to spread FUD, just want to have a conversation with my fellow Steemians! :) So, @ned has begun a power down of about 1.8 Million Steem at a time when Steem is dipping. There are many reasons why he may be doing that and I think that to a degree there is no reason he should have to share why he is doing it. That said, I know that if he makes a public statement regarding why (even if it is for personal reasons), it will instill confidence in people that are afraid he is preparing an exit/abandoning ship! I can't imagine that this is the case, as everything that has been said and all of his efforts lead me to believe that he is fully invested in realizing SMTs and ensuring that Steem is one of the top blockchains during and after this revolution matures! Another conclusion is that he thinks/knows a spike is on its way and he wants to be ready to liquidate a little bit once it skyrockets, while still keeping a huge amount. I think that he is likely just using it for personal reasons or to increase the speed of development of Steem, but we will see. I know this will scare some people, but I'm not worried. Steem will fly. It is just a waiting game at this point.
No would be the time for all "whale complaners" to become a dolphin. Keep in mind: whales sticked to their Steem Token when the price was at 4$.
Steemit inc invested in DLive which is working pretty fine.
Steemit has the worlds most active blockchain. Why leave?
Where is the Steemit competitor?
Why leave when you have a great and commited community? #steemcharity #steemfest #steemmonster #openmic #steemitboard #museproject
All GREAT Points. The Steem Blockchain isn't going anywhere.
When can I have my bounty??
People will FUD no matter what he says and so whats the point. Plus its his money. If you all want to judge @ned watch what he does for the community (SMTs) and how he speaks about Steemit, defensively and with committment.
Plus he replied to @whatageek on this question yesterday.
Hey @infidel1258, I completely agree. SMTs will be amazing for the community! I'm glad to hear he replied regarding it; do you have a link to the article/section where he did? :)
I found the context:
https://steemit.com/steemit/@whatageek/hey-ned-can-you-please-comment-about-the-power-down#@ned/re-whatageek-hey-ned-can-you-please-comment-about-the-power-down-20180622t172343926z
Thanks for the link
but it still doesn't really explain anything at all, just that ned thinks the guy's content is crap. If that's Ned's way of saying that he's taking Steem out because he thinks there is a content problem, it is informative, otherwise not really.
I have done the required. Please check my artilces on Boolean.
That his money let the guy do whatever he want
I'm sure he has a valid reason for it.
See if he's in Fud so he should exit it because at the end he should not blame to Steem. But for me who can fight with did just Hodl it, you know, I know whales are playing with us. They want us to exit only so that they can enter again at lower price in order to earn huge profits.
Have a great day and wonderful night 😊😊
It would be great if he just come up and give a statement.
he must have some other ideas that's why I guessed he is CEO this platform is like his child so no one leaves his child, yeah SMT can be the reason and don't think to be any need of getting panicked keep calm and see what he has purpose behind
Hopefully Steemit.com is solvent. I have a feeling the price will go back up soon and worst case we could switch to busy.org.
There might be some main reason to take this drastic step ...... It may be he could have found some good alt coin to invest ... What are your views @biddle
Good to see this post and in my opinion it's not an worry because it's his personal account and he is also an user in a way. In my opinion this power down is done for circulation of Steem to develop the projects related to the SMT's, Hove mind, Hard Fork and other modules of One Account and One Vote and Oracle System. So i may be wrong but it's an possibility.
And many have wrong perception about the Steem Blockchain and that is they directly relate Steemit and Steem Blockchain and it has to be clear because Steemit can be shut because it's just an interface. I know that Steemit Inc have large stake but not the only Stake Holders so Steem Blockchain will continue.
Thanks for sharing this post with us and wishing you an great day. Stay blessed. 🙂