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RE: Dear Ned & Steemit Inc.

in #steem5 years ago (edited)

You're welcome.

Some people say that Steemit, Inc selling off their stake may lead to a price drop on a short term but help us to gain more decentralization in the long term. Would you second that view, and could that be the other (positive) side of the coin?

There's usually a positive side, but that doesn't mean they should be able to sell stake which hasn't really been acquired in an absolutely fair way. Actually, Steemit Inc. always said that they would use their stake mostly for the development and improvement of Steem. But without any transparency, how much of that is believable if they do sell it?

Rebuying their tokens at 10 Cents could be fun for the middle-class shareholders

Sorry, but no. I'm not staking hundreds of thousands of Steem, just for it to drop significantly in price, because the entitiy who created this blockchain and mined 100+ million Steempower, decided to sell it all. Now, I'm not saying that more decentralisation is bad, but those funds should be in a fund, which is only being used for development and improvement of Steem & it's ecosystem.


happy sunday :)

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but that doesn't mean they should be able to sell stake which hasn't really been acquired in an absolutely fair way.

I think considering all the early miners who got in, was any of the start well thought out?

Hence @whatsup's idea for a decentralized Steem Development Fund. Because currently a centralized one failed to work as intended.

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Positive Side??? Did you got an answer from @ned or @steemit spokes person? on your post?

#enoughsaid