Of course Steemit Inc is powering down! How else but selling STEEM is it going to be able to fund all the development? Besides, Steemit Inc powering down and slowly losing relative stake is a good thing. This is a delegated proof of stake platform and it's only good for decentralization that the biggest whales power down. That is the desired outcome of a successful launch of a DPoS system.
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Wasn't referring to steemit inc but rather whales and dolphins I know.