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RE: Urgent Community Petition: Steemit Inc. to Stop 34 Mil SP Powerdown!
Perhaps a more effective solution is a burn of some of their stake, which will have a positive effect on price and value of the remnant of their stake as well as the stake of all Steem users.
Why should we seek for short term profits over this situation? We need that Steem in the hands of great core developers who are pationed and excited to thrive this Blockchain.
If we burn the stake of Steemit.inc we miss the opportunity for smart investors to take offer the position of Steemit.inc
We all remember the news about the 70% lay off with Steemit.inc...and the Blockchain is still one of the most active and usable out there.
30Million Steem at 0.30cents are 10Mio USD that is joke in the Investment world.
Sure but we don't know the intention is to sell. Also currently the inflation of Steem is 8.5% so maybe at 800K pm the have only been selling the inflation, they can keep dumping forever. This does accelerate it more and if they sell could be a good thing, but again we don't know if they plan to hide it.