RE: Dear Ned & Steemit Inc.

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RE: Dear Ned & Steemit Inc.

jonmaim (63)in #steem • 6 years ago (edited)

Thanks, this convinces me. No need to worry, sell or power down.

Steemit INC is securing its wallet from the community itself. That's it.

In a nutshell, the only way to remove the Steemit INC stake is to complete this hardfork which is now just a proposition, i.e., no code has really been written.

Timing of events:

2 days ago: Hard fork proposition to remove Steemit INC stake is publicly written.
12 hours ago: Steemit INC is scared and start powering down its stake to multiple exchange accounts to protect its assets.

End of story. Let's move on and continue building on this most elegant blockchain.

6 years ago in #steem by jonmaim (63)

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chrisrice (59) 6 years ago

Thanks @jonmaim and I hope you are right.

That would make sense, and in order to make it impossible to track, they'd need to transfer it to an exchange before transferring it back to private accounts.

It still creates a lot of fear, uncertainty and doubt since it's impossible to know if that's the true story, but I think that is generally what happens during bear markets, especially with struggling startups like @steemit.

P.S. @therealwolf is right though... We probably need a public statement.

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crystalandbones (56) 6 years ago

That’s exactly what happened. Certain people in the community including witnesses decided they would pretend to blackmail Steemit and threaten their stake with a HF. So Ned did what any smart person would do and secured the company’s assets.
If I were him, I would have voted them all out. How dare they threaten Steemit and then expect to continue representing the community?

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