The selling has hurt the price but i'm glad they are getting rid of it and funding more development. At least now we are seeing things getting done with Eli at the head of the company. Since the markets are shit anyway it's given people a chance to build up their own stake in the chain and this has spread STEEM across a lot more accounts which is vital for the future. It's harmful for SP to be too concentrated giving accounts massive votes. Hopefully we can see a lot more medium accounts spreading STEEM across a much wider spread of accounts.
The same happened with sportstalk in the beginning giving some accounts massive votes which are very concentrated and leads to people self voting comments and trying to take out as much as possible from the system. Sportstalk failed to moderate this at the beginning and the bad accounts built up large stake and abusive practices. I know STEEM won't be moderated but the tribes need to be to get good content in front of the most people.
Patrick has done some good things with the tribe but it's been a one man team since the beginning and there are a lot of areas to cover so it can't be easy. A least there are referees and other systems coming into place for this and to be fair patrick has been open and honest with all of the plans which is great to see.
I can agree that Patrick still has a small group that handles this tribe. However, we note that tribes are new in the platform and that the idea has been readily developed by Steem-Engine team. Therefore, there is no need for a larger team.