Great work!
This is the sort of evidence we are looking for.
RE: Steem Town Hall - Today in 1 hour
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Steem Town Hall - Today in 1 hour
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Has that divestment been happening since 2017?
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Monthly programmatic selling has been happening for a while. But they were able to stop recently because of ad revenue.
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They didn't stop because of ad revenue per say. They took a month off as they had a nice stock pile of cash reserves is closer to reality. Most recently, the ad revenue was stated to be accounting for roughly 20% of their monthly expenses, which means that steemit,inc was still UNDERFUNDED by 80% without selling steem...
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You said underfunded. Are you saying Steemit Inc was losing money monthly? So, I guess that is true based on what they've been saying the past year or longer. So, then they sold their company to Tron who then inherits what could become potential debt, potential bankruptcy, right? I'm ok with ad revenue by the way.
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Yes, they were losing money every month, only way they could make payroll was to sell steem every month. The same steem that the community is fighting over right now.
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But what about the centralizing of the witnesses?
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He only did so that he could gain access to his stake that was frozen by the witnesses. He has made it very clear, his actions were simply a response to what was done to his stake that he paid for. He really didn't have much other choice at that point. He needs to get a voice of reason in his ear before this thing turns into him dumping his stake on the open market and making it his personal mission to kill steem.
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How can it be frozen? And if it was frozen, then that was a risk that he took. In life, you take risks and you might lose sometimes.
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