It means opportunity. It means that there's been growth, and I'm excited to see it be worth a lot more. - Ned Scott

That was what Steemit's CEO answered when being asked by Andrew McMillen about the meaning of his $3.5 Mio US Dollar worth Steemit account during the Fire Side Chat at Steemfest². By the way thanks to Steem's all time high, @ned's account is worth more than $21 Mio USD today.

If 'holding' was the strategy back in November 2017, why is the official @steemit account powering down $71.4 Mio SP ($414 Mio USD) only two months later? Are the private financial strategy and the business strategy of Steemit's CEO not concordant? Do the pending projects such as the launch of Smart Media Tokens need to be some financial support?

How exciting!

I accidentally stumbled upon @smooth's new Steem Experiment where @pollux.one commented that the @steemit account had started its power down. I once more recognized how important it is to actually read articles and not just send out my voting bots :-)

So the largest stakeholder clandestinely hit the power down button. In a couple of hours almost $5.5 Mio SP will be turned into liquid Steem. Wham! What a way to start the New Year, isn't it?

What do you think where's the money going?

@surfermarly literally holding Steem

Pay day!

What would I do with $71.4 Mio Steem?

Counter question: How much time do I have to reply?

There are several projects in the pipeline that are going to be built on the Steem blockchain in the near future. In the end they're all supposed to contribute to the overall growth of Steem.

Having Smart Media Tokens being named as Steemit Inc's top priority in 2018 most likely that's where the money's going to go.

Steem had an incredible start into 2018. Since Steemfest² the price has been sextupled. Precisely on the 1st of January it started to take off and seems to be keeping up around $5-6 USD during the past 10 days.

As many of us are exchanging their SBD for other cryptocurrencies in order to multiply their property during this all time high and then reinvest in Steem, Steemit Inc may have also considered to take advantage of the convenient price situation.

Still they supposedly may not consider investing in other coins :-)

Obviously when the largest stakeholder decides to power down, that may have a bigger impact on the overall situation of Steem. I have no idea if selling such a large amount of Steem at the exchanges could have an immediate impact on the price.

According to coinmarketcap.com during the past 24 hours there has been a total trading volume of $35.298.500 USD. @steemit would have $31.88 Mio USD in liquid Steem available in a couple of hours. So that'd be more or less 90% of the 24-h-volume.

Wherever the money's going to go, it will surely have a certain impact.

Now back to the initial question: what would I do with all that money?

Well I've been a huge fan of the community feature that was announced in the Roadmap 2017.

It was planned to be introduced in Q3/2017, but then SMTs turned the whole agenda upside down.

So if I was in charged, I'd probably invest parts of the money in a faster development of that feature since it was celebrated like no other one in the past months.

I know that below the tag #roadmap2018 there were a lot of cool ideas submitted, but I really don't believe that there is anything more desired than the community feature.

From my conversations with other Steemians I know that there are a lot of people waiting for it. Being able to bundle common interests and group in sub-communties would be simply groundbreaking for the community's activity, thus also incentivate the social interaction. Now that the network has some issues with user retention in general, that feature could definitely be a huge step into the right direction.

Warning: Steem users are merciless - turn your presentation into a product pitch and they will walk out on your talk.

That was one of the points in the checklist for our Steemfest² speeches. Since then I had been thinking a lot about that first part "Steem users are merciless".

That's actually true. We can be really pain in the ass sometimes.

But in the end we do for one simple reason: we care.

We care about the future of this place, and that's the only reason why we have so many questions and suggestions. Let's see if the big mystery of the big power down is going to be clarified soon. I really believe that transparency has never been a bad strategy in business...

Best,
Marly -

Thanks for your valuable time!
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Original content. Quote found on pinterest.com.