As you can see below @ned has already powere down and sent to bittrex 1,543,650.408
As you can see below @ned is still in power down with only 288,598.847 SP left
I don't know about you , but this worries me. The CEO of Steemit sending 85% of his holdings to Bittrex and still in power down. We all know there is only one reason to send to Bittrex and that is to sell. I mean If I was the CEO of Steemit and everything was going ok I would not be powering down to sell. I would be holding for a way better price.
Kinda looks like he is leaving to me , after laying off 70% of people , this looks bad to me. What are your thoughts ?
Thanks for pointing this out @halo, and personally I am not worried the Steemit account still as 44m
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Hope your right , I see a power down started in the @steemit account
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Nothing more for him to squeeze out of the steemosphere. I'm certain he's got the inside scoop.
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the price could actually rise when word gets out that he has sold everything lol.
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Heellooo @halo. and nice to Steem you! :-) Thanks for this audit, and for informing us!
Just as @tonygreene113 has mentioned, it's probable Ned is preparing to leave Steemit inc., the way others did before him (beginning with Dan, 2 years ago :-p). I wouldn't necessarily interpret this move as bad news for the STEEM blockchain as a whole - we know a whole ecosystem is built upon it, as the "thedarkolverlord"'s Steemit account ban, but Busy.org continued activity (here: https://busy.org/@thedarkoverlord) showcases.
On the other hand, it could be a sign of a new SMT's launch delay, or even the freeze of that long-awaited project.
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To me it looks like steemit is running out of money and @ned is the only one who knows it and he wants to get all his steem sold.
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I doubt that the crypto space is more complicated than that. It's possible he has a personal tax debt or something like that he needs to raise funds for. @freedom account is still loaded.
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Who's account is that ?
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I could be mistaken but I think it's another one of his.
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It may well be that Steemit Inc. is running out of money (the recent redundancies give a lot of weight to that hypothesis), but would it be a big deal? Without Steemit Inc., will the blockchain itself cease running? As far as I know, Steemit Inc. works for Steemit, Busy, SteemPeak, etc., but these latter can live and prosper without that startup.
That is, if nobody in the Steemit Inc. board uses a tiny license clause in detriment to all the STEEM blockchain's implementations...
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What happens to our wallets if this site goes bye bye ?
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You can use Steem Keychain or Vessel or busy.org or steempek.com...there are a variety of ways that you can handle your money.
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That is just his personal account but Steemit Inc still has a ton of Steem powered up in the other accounts. Just look at @steem and @steemit (to name a couple of accounts).
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Hope you are right , did you see the power down started in the @steemit account
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They use that account to pay for their expenses (as far as I can tell). They are withdrawing 151K per week. The account still has 44 million SP. I don't think we need to worry about it right now.
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