RE: What will gonna do Ned with the STEEM after power down and undelegation?

Great choice of topic my dear friend. just found it now.

You may heard about it, the STINC and connected accounts made huge undelegation and power down lately. We have heard a lot of rumors, complaining, theories, and based on the well-known market-cycles graph, i think, we are in the "anger" phase right now.

I think they made a huge mistake powering up in the first place. Steem Inc should have their resources stored somewhere the way pretty much all other cryptos out there do. After all who wants to be explaining himself to entire community each time when need to power down little bit to cover some operational expenses.

Public does panic very easy. So powering down and moving funds to more private wallets is kind of a must. It doesnt really mean that those funds will be used fully anytime soon.

Anyway any idea how did they spent those STEEM? this post is already 3 weeks old so perhaps it's more clear now what Steemit Inc did with those funds?

Cheers
Piotr