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RE: My thoughts about steemit powerdown

in #steemit5 years ago (edited)

I don't believe a word about the "moving to a more secure" narrative. Every action of steemit tells me that they are giving up and cashing out. Selling their steem one way or another.

Let's wait and see. The worst case is power down and cashing out soon. But this action would destroy the value of steemit.inc coins itself. So this won't happen. More likely is selling the coins under cover (OTC) to investors who buy steem on a long hand perspective.

Price will tell us the truth. I will keep an eye on the amount of vesting shares. For now (2019-01-24) they amount 205,076,360.446 STEEM.
The weekly powerdown will normally diminish this parameter, if there aren't other hands (or accounts) which take the place instead.

Of course forking with steeling isn't a good idea, but this option isn't on the table anymore.

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