Where is the consistency of action?
Exactly. And why now, why not at any juncture before? If it is a matter of principle then the timing is very "smelly" to say the least.
RE: 200+ million mined Steem?
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200+ million mined Steem?
Makes things interesting at least :)
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So the starting supply was 250M all pre-mined?
Edit: I am trying to work out where things are coming from but if 250M is pre mined and it has paid out 75 million, the supply should be 325M + the ridiculous conversions from SBD to Steem.
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I don't know the exact numbers, but the initial Steem supply was about 100 millions from which about 70-80% was for Steemit inc and its top-exequtives.
Hovever the first year after the launch Steem had like 100+% inflation which soon resulted in like 200 millions Steem total supply. Of course the Steemit inc has also "profited" from it.
After that the inflation was redused to something like 10%.
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Oh yeah, there was the hyper inflation thing. Funny how many people benefited from that yet are against it all now.
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So my estimate for the "organic" Steem supply by now would be about 240 million, the rest coming from SBD convertions.
If not for sales, Steemit inc should be owning about 50% of these 240 millions, so about 120 millions.
I don't think that they were actually able to sell much more then 40 millions Steem. So they should still control about 80 millions.
So my estimate would be that the debatable 40 millions is just a visible part of their funds and some comparable amount is already "hidden". And maybe a half of the hidden amount is already liquid on exchanges.
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Remember that Dan had control of that also and he has been selling it all off in chunks for almost 2 years.
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I strongly suspect @freedom to be Dan. At least originally, probably he already sold the keys.
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Likely.
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