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RE: It's time to start paying attention to Steem
Powering down does not necessarily mean cashing out. He responded to this post: https://steemit.com/steemit/@whatageek/hey-ned-can-you-please-comment-about-the-power-down
I could only see one reply by Ned there, and it seemed to be sarcastic.
He's sent large amounts to an account called @deepcrypto8 (via some middle man accounts) which is cashing out as a rough approximation about $50k per day. Over a couple of weeks that's a shitload. That doesn't inspire a lot of confidence in me.
edit: hang on, I think I've got that wrong. It's going to an account called @binance-hot which I assumed was a binance account. It might not be that. Seems to be a lot of money being moved around. Maybe he's just spreading his risk.
edit2: Hold the phone, looks like I was correct. @binance-hot is sending a lot to the @bittrex account. $9k in the last day, and $12K the day before that. I haven't gone back further than that. I guess it could be as someone said, he's buying himself a new car or something.. ;)
Well at the end of the day it is his money and he can do whatever he wants with it. I talk to him periodically and he always seems super committed to the project and very vested in seeing it become a success.
Bahaha! :D
closed sinus ..is all