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RE: Behind Steemit #17 - Secret Payouts and Steemit bug
Well, tbh if this is actions of steemit Inc, they are under no obligation to make public what their transactions are for, even though it's visible on the blockchain. We can assume, if they were ever audited they would have complete records of what and why. All I can do is shrug. We all have opportunities here, which also grow rather quickly at times. So... This type of information is interesting... I guess... But not shocking or turning my head. Isn't everyone allowed to transfer money with each other for any reason?
Also, the more these large accounts send this Steem to others and it gets sent to bittrex, that's a slow process of putting the currency into a large variety of people...
Or.. you tell me, what am I missing?
Hello @inquiringtimes, nice to e-meet you! I globally share your point of view, but if you flip through @behindsteemit's previous publications you'll see it seems to be a quite common practice for that Steemit2 account to send big (sometimes huge) amounts of STEEM/SBD to profiles with no other activity than being (anonymous) intermediary recipients for those transactions, before sending the money sometimes to another "grey" account, sometimes back to Steemit2, and in other cases directing it to an Exchange. Aren't there less intricate ways to proceed?
idk... it just doesn't seem that suspicious or out of the ordinary to me.
numbers are just numbers.
data analysts seem prone to jumping conclusions when they see large funds moving around.
ultimately a ton of money got made with steem. I believe the creators also have an incentive to continue to make steem grow and prosper... all of this stuff, I'm just not sure if it's helpful....
except that I do believe that since blockchains are made for transparency, we have a duty as a community to examine them. that's all. :shrug: