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RE: My Thoughts On Ned Powering Down
In my opinion it is absolutely irresponsible that Steemit CEO Ned Scott reduces his voting power by 50% without making any announcement. Imagine, Elon Musk selling 50% of his Tesla stakes without any statement about it. Would you like to be invested in such a company? I certainly don't.
It is not the case that everyone who holds a larger stake is obliged to make a corresponding statement to sell his shares. But, as a CEO you have a certain responsibility, because you can cause panic and cause considerable damage to the company and its investors or in this case also to users.
For my part, I will certainly draw the consequences. In any case, Steemit and the company behind it have lost much of my trust.
Power down is not a SELL move. Read above comments, @ned is planning to use its STEEM and SBD for the upcoming SMT release. SELL move is when you exchange for something else than STEEM/SBD, which is NOT happening here.
Then he should publicize it. As a CEO he should more communicate about that sensitive stuff.