You are viewing a single comment's thread from:

RE: @ned - are we on the verge of a Steemtrain wreck? Answer NO - BUT THERE ARE STILL VALID CONCERNS

in #steemit7 years ago

Is all that mining-earned SP starting to chafe again? It should be, because the rest of us took risks with our money and time to get what little SP we have.

That snipe goes to everyone who mined their SP before it was a true public offering.

If a company was selling shares on an ongoing basis in an unlimited fashion to a private, closed group, it would not be a problem... UNTIL that offering was opened to the public. At that point, it's breaking the 'Truth in Securities' act of 1933.

The shitstorm that is constantly raging here, is entirely caused by this, and the sooner you all realise it, the better.