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RE: How serious are you about Steemit succeeding?
This is true but for the whales cashing out? those in the 70 reps with 1000 dollar account values? I am not against cashing out, I have done it too (and brought back in) and will continue to do so. There are so many people cashing out completely though and continually.
I am hoping that it will all work out in the end though and I will be able to take some and breathe a little easier. For me at the moment though, now is not that time unless I am showing too much rib cage. There is too much potential in the next year or two to cash out completely. It is not guaranteed but it is definitely there for the taking.
If whales weren't selling, the power would forever stay in a small group of hands, which causes it's own problems.
Yes, this is also true. There must be a balance point somewhere. Perhaps by spreading the wealth continually further.
I'm with Matt on this one. Plus it's not like they're dumping a heap of steem onto the market in one go. The price has been relatively stable (for crypto) for a while.