The old witnesses here are hostile to investors. Most of them are here thanks to the ninja mining cartel from the early days. Interestingly, they are very concerned about ninja mining. They vote for each other. Sad story. Very few new users are coming here and just for the sake of earning - which is pathetic.
Justin is some hope that this could change, because the old story is not progressing. The competition is good for the STEEM. That's was DPOS is all about.
Did you listen to the conversation between Justin and the old witnesses? It's here:
Justin is not really competition, he just wants to sell the Steemit Inc stake asap on exchanges, that's all. No further plans, just dumping it. It will completely devastate the token price. Then he will move on and leave Steem back in the hands of the original witnesses. Do you think that is good for investors?
So you think Justin bought STEEM in order to sell it cheaper. I don't know where all this socialist mentality comes from here on this chain. How many buyers are among the old witnesses? They're just here to make money and now they feel threatened.
What I think is not very relevant. Justin thought he bought a standard bag of Steem. He says himself did not know about any prior arrangements on this bag. Whatever his intentions were at first, he obviously has no clue what he has purchased.
Since he's not happy with how the community responds, he just wants to cut his losses now. If selling cheaper minimizes cost, that's exactly what he will do.