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RE: Massive power-downs versus less investment. Perhaps the reason why the price of Steem could further take a hit in the coming weeks and why it's a win-win situation.

in #steemit8 years ago

Sure, I'm just pointing out that Steemit the company does not appear to be contributing to the current sell-off as they are being very careful about how they sell their Steem. Part of their powerdowns is also used to fund the steem account, which is used to pay for new account registrations.

Steemit using the internal market is positive because 1) It shows they believe in the Steem Dollar and 2) It provides liquidity in the internal market.

I believe Blocktrades offers large bulk purchases to private investors so that's probably why Steemit is using them instead of trading on the open markets.

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Thanks for your understanding :) Makes sense that @steemit is using blocktrades because of bulk purchases :) I have massive faith in Steemit and wish nothing but the best for it :) Thanks for your contribution :)

Who are @goku1 and @amcq are those employees?

They both received 250000.000 STEEM POWER from @steemit . So they could be, or maybe not.

I have no idea who they are.

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