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RE: What I learned about steemit while I had to wait two days for the sign up
Sell restrictions might be a good idea. One of the Ripple founders exited early:
http://www.coindesk.com/price-ripple-xrp-plummets-co-founde-9-billion-selloff/
It damaged the currency. I hope Steem inner circlers don't make the same mistake.