RE: My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme

[smooth]

Money to pay for development comes from 'steemit' account which was created for that purpose, not from the founders personal accounts. It is far bigger than the personal accounts (in fact the account holds about 50% of the entire supply) and it has also been powering down and selling, though to a large extent on the internal exchange. Not entirely though.

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[littlescribe]

Less talk. More transparency.