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RE: "You can't use your ninja-mined stake unless you use it on us"
I fail to see any substantial attempt to make sure these funds would be used for exactly that. Most just empty promises on Ned's behalf.
Obviously they were empty promises.
The promises were still made though. Are you calling people hypocrits for expecting someone to keep their promises? Do you even know what that word means?
???
The funds were regularly sold for fiat used to pay the salaries of a number of developers at Steemit, Inc who developed the blockchain code. How is that not using the funds for their original promised purpose?