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RE: Urgent Community Petition: Steemit Inc. to Stop 34 Mil SP Powerdown!
How do you know the jump isn't manipulated? The timing is quite interesting. It's also not just that they can dump but they can also produce a hidden influence over Steem using Steem Power as well.
And I do think we serve others via markets. What do you view as being the ultimate decider if not the market?
I'm not saying that this market jump is anyhow related to the current events here on Steem, and yes most crypto prices on exchanges are manipulated thru wash trading.
If they want to use there Steempower for any other accounts they are free to do so. They choose to be a company and if they think they better of this way, than they have to take the responsebility for this action.
Anyway @ned is at a point where he has to turn Steemit.inc around into a community serving development platform. Otherwise others will be happy to take the opportunity.
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Of course it's being manipulated. Crypto markets are constantly being manipulated. Just look at the extent of the jumps and the timings. Steem has such a small market cap, it wouldn't take much to bring it to $1+. Then again, it wouldn't take much to bring back to 7c.
I say enjoy the ride. Unless of course you actually need your crpto to pay bills and stuff. In that case, you might be buggered.