They haven't brought anything to market. Steemit has not generated any true revenue. All funds have come from speculative bagholders who are watching their "investment" get crushed by the founders dumping their founder coins.
If their company were earning money for coin buyers you might have a point, but it is taking money from coin buyers with continuous dumping and no true value coming out of it yet. These are brutal dumps, not responsible selling to cover expenses and pay reasonable salaries. These are the kind of dumps designed to create a market panic or worse insider trading where they know bad news is around the corner.
Devils advocate... The second a outside dollar bought a steem it was on the market.
And how can you say what constitutes reasonable salaries and reasonable expenses. As a business owner for every new engineer I hire I make sure I have $50k-100k cash on hand to front their costs, salary, and benefits before I begin to see the first cent of value out of them
They haven't brought anything to market. Steemit has not generated any true revenue. All funds have come from speculative bagholders who are watching their "investment" get crushed by the founders dumping their founder coins.
If their company were earning money for coin buyers you might have a point, but it is taking money from coin buyers with continuous dumping and no true value coming out of it yet. These are brutal dumps, not responsible selling to cover expenses and pay reasonable salaries. These are the kind of dumps designed to create a market panic or worse insider trading where they know bad news is around the corner.
Devils advocate... The second a outside dollar bought a steem it was on the market.
And how can you say what constitutes reasonable salaries and reasonable expenses. As a business owner for every new engineer I hire I make sure I have $50k-100k cash on hand to front their costs, salary, and benefits before I begin to see the first cent of value out of them
I read your comment in Tone Vays voice. ;)
Theres a difference between selling and taking a shit on the market.
And that difference in perspective is... Whether you're selling or holding?