I swore I heard somewhere that Steemit sold over 800k worth of steem like clockwork every month. If that is or was the case no wonder why the price came crashing down to near nothing. There was a major leaky faucet which is exactly why I recommended running ads on steemit instead.
A currency needs more value coming into it then going out of it in order to increase price it's not complicated.
What will happen with the surplus in income generated from ads ? ( I would think that would be used for new fund instead of taking 15% from the content creators who write the damn content so the ads are seen in the first place...
There still seems to be some major gaps here which perhaps we just don't have enough insight to but all of this still sounds like crap to me.
I think you are right about Steemit icn selling a lot of steem liek clockwork every month, or at least selling steem, EVEN though @ned said his power down from @ned wasnt for selling just moving money around to fund some SMt projects.... i feel like @ned should have to legally tell us when he is buying or selling steem... right? If not... I mean whats the point of this "financial report"
I mean wow, I cant believe I believed ned when he said he wasnt powering down to sell steem, but how else is he getting money to pay for the overhead and tro pay salaries for friends he hires like eli powell? She has no blockchain experience and yet he has all this money to pay her, he must be selling steem UNLESS he magically has all this free cash laying around, to pay employees with , OR MAYBE he still has BITCOIN to sell from back when steem first had its Initial COin distribution when people first had teh change to buy steem? Someone got that Bitcoin and maybe thast why ned is so happy playing guitar in videos as steem goes down, because he has BTC? and i guess this is the reason peopel are so angry, that I have to GUESS about whats going on.... hell we dont evenm know who is CEO ... that tech crunch article said ned is the FORMER CEo and implies elipowell is his replacement...itd be nic eto see someposts by ned to actually clarify whats going on
WARNING below is a very crazy idea but hey, who knows , i think ned might be working for the US federal governmentand that STeem is PROJECT XANADU which @adept found out about @ned confifmed his profile quote poem about a vision within a dream was about it, and sadly adept who worked for marketing at steemit inc and helped get steem added to Binance, was found dead in his new york penthouse shortly after discovering this Xanadu "conspiracy" involving project xanadu..the longest running vaporwave project which STEEM fits the bill for
https://en.wikipedia.org/wiki/Project_Xanadu
https://www.wired.com/1995/06/xanadu/
https://steemit.com/steemdev/@adept/will-steemit-complete-project-xanadu-s-vision-of-what-the-internet-should-be
its liek we all have to speculate on what steemit inc is doing how much money they have where they get their money etc... i feel liek ned has some special protection ....and project xanadu explains it all....... most people would get shut down trying to go up against facebook and the US dollar making your own global banking system and a site where NOTHING gets deleted.... seems too good to be true....
I feel like if ned actually revealed what hes doing with all the steem pumping and dumping and whatever happened with SBD back in 2017, hed probably get shut down by the SEC, but WHy doesnt ned ever get noticed by teh Feds or by Facebook who I woudl think woudl wanna find ways to shut down steemit inc??? and i mean I would hate for that to happen but why woudl ned be immune to all of the insane regulationsthat made it impossible for even reddit to release reddit notes back in 2014? heh in 2 years not that much can change so HOW the heck is Ned getting away with creating steemit and making his own money system? Is ned just lucky he hasnt had the us federal government investiugate him for creating his own money which no oen is paying much taxes on? or is ned working for the us federal government to allow steem to be teh next facebook and part of some us miltary control grid where steem is the UBI system to keep peopel under control?
LOL why isnt ned providing 1099 forms for all steemians in teh USA? :D These are the rediculous questions i woudl assume ned will HAVE to answer if he wants to continue steemit inc from usa... why i have no idea but i feel liek ned has special protection.... .... he should have moved steemit icn out of teh united states years ago to avoid these rediculous problems ...... but i feel like ned has too much at stake in teh usa.... he probably has orders to hold steem at an impasse and keep it stunted maybe by InQTel or CIA, @stana nd @dan larimer who worked for SAIC lockheed martin would seem to know all the peopel who would want to USE steem as teh NEXT facebook, pumping steem at teh right moment using same silicon valley investors who pumped facebook google etc
and the kneecappening gains weight,...
I was following adept, but didn't know his story, thanks for that.
I suspect it's not the last secret to be outed, asp.
Project Xanadu
Project Xanadu was the first hypertext project, founded in 1960 by Ted Nelson. Administrators of Project Xanadu have declared it an improvement over the World Wide Web, with mission statement: "Today's popular software simulates paper. The World Wide Web (another imitation of paper) trivialises our original hypertext model with one-way ever-breaking links and no management of version or contents."Wired magazine published an article called "The Curse of Xanadu", calling Project Xanadu "the longest-running vaporware story in the history of the computer industry". The first attempt at implementation began in 1960, but it was not until 1998 that an incomplete implementation was released.