I learned a couple of new things here @dragosroua. Thank you.
One thing I still don't understand is the relationship of Steem Inc to it all. If they disappeared would the block chain still exist for instance? Would Steemit?
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The blockchain will still exist and, as far as I understand, Steemit INC still has a lot of sake in it (via the @steemit account, which holds about 11 million of STEEM, currently).