Now, if steemit made all that STEEM by posting or running the top witness, than i would have no beef with them doing whatever they pleased with it.

However, most of that STEEM came from early days of mining before steemit came out as a platform. Or, basically, they just gave themselves a huge chunk before they opened the doors. And this point has been raised, but mostly ignored because they left the huge pile in the corner and ignored it.

Unfortunately, we have been yelling at steemit to be more forthcoming in communication with the community for more than a year, and not much has come from it. So, what is the expectations that they would now listen and communicate? Most people are rightfully jaded.

My biggest problem with freezing an account is that, once done, it can be repeated. And thus, we lose a lot of credibility. It may be better to take the massive hit of the coming sell off, and if we survive the tsunami, we will be on a much better footing.