@steemit has over $173 000 000 in the coffers and is Powering Down?
Power Down began 2 months ago @ approx 1.4 Million per week.
source: https://steemit.com/steemit/@igster/top-26-whale-accounts-and-power-down-the-numbers
Can y'all answer a few questions? This might explain a lot about the system, where we came from, where we are going ..?
- Where did this $ come from? Is it from the STEEM singularity - the creators simply held on to a large % of pre-mined STEEM?
- Where is this $ going? Certainly the creators needs ta git paid y'all .. is this also the source of the 10% interest paid to those holding Steem Dollars?
- We know that holding STEEM helps keep the price high - how does Powering Down, and presumably unloading STEEM for cash money, help us?
- Why is @steemit not curating? That would be very helpful .. targeting the little guys, giving us hopeless wanderers a biggie bounce!
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The steemit account was originally set up to provide the funds for new members that sign up through facebook or reddit. When you made an account through facebook for example, you are automatically given 5 or so steem power in your account. Those come from the steemit account.
What @trogdor said.
"Why is @steemit not curating? That would be very helpful .. targeting the little guys, giving us hopeless wanderers a biggie bounce!"
The same reason as to why @bittrex and @poloniex aren't, they aren't there as being "users" of the site, they offer a service.
and as to the other questions, its a company, they use money to evolve the company further and keep it up and well. I bet most people in the team have steem power of their own so I doubt they would need to get paid from @steemit.
That was mostly just wishful thinking .. your why not sounds reasonable. However, they can do whatever they bloody want ... why not raise up and make powerful a few scoundrels, for the sake of diversity?
As far as where the money is going .. ohhhh.. they are most def getting much of this .. it is not going into R&D :)
"As far as where the money is going .. ohhhh.. they are most def getting much of this .. it is not going into R&D :)"
and this is coming from... ?
This is only some service account not private.
It has posted - n - commented .. it is not just moving STEEM around as a routine part of the design
Nice @proglobyte
Shot you an Upvote :)
Nice @proglobyte
Shot you an Upvote :)
Upvoted
Hi! This post has a Flesch-Kincaid grade level of 5.0 and reading ease of 84%. This puts the writing level on par with Ernest Hemingway and Donald Trump.
Nice @proglobyte
Shot you an Upvote :)
I'll give you my upvote.
Please reciprocate in my post https://steemit.com/introduceyourself/@gustavopasquini/olympic-games-rio-2016-between-reality-and-hope
Done deal! cheers.