Image Source: Coininnthebank.com
User @magnebit with his post https://steemit.com/steemit/@magnebit/steem-price-is-being-pushed-down-by-1-person-speculation-on-why-and-where-it-may-end-up brought issue to our attention.
Steemit Inc. should write report to the community when they are spending hundreds of thousands dollars worth of Steem.
We community have to know what are you doing with coins and how it could affect Steemit.
Only transfers to steem are clear, its faucet account being used to fund new accounts.
Along with internal market orders here are some more weird transfers:
Account Steemit transfers 250000 SP to goku1 and amcq
https://steemd.com/tx/47a8627544b21f54c257a6875efb2efc7e76bebc
https://steemd.com/tx/6c223767a17c45e694d978d05c843202a8256e9c
Who are they?
Account Steemit2 currently has 250,000+ Steem Dollars
Strange transfers to @boostit
Thanks for bringing these up: @boostit is an integral piece of a new promoted content algorithm we are working on. amcq and goku1 belong to a new hire - our new Head of Operations. Buying Steem Dollars is part of our ongoing strategy to obtain the stability and interest of the SD
So you're using all this money to buy HO's?
sorry, couldnt resist.
Thank you for the update @ned , lots of people posting crazy conspiracy stuff around on Steemit. I love the sharing and connecting community being created.
Thank you for the update. I'll follow transfers from now and post updates.
sounds a lot like paycoin...
the SD is pegged by the market - not us
Very interesting I'd love to know more detail about both of these if/when possible - I spotted this github change but couldnt find any info on the specifics of the promotion system..