I'm a little late to the discussion, but there is a lot of speculation here, and assumptions that @dantheman and @ned are working with malicious intent.
A lot of other people have said things along these lines, but the key is - you don't know what they plan to use this money for. Most of the evidence has actually show that they are using this money to pay for things that make Steemit better.
What if they decided to add a new developer to the team, so they could start cranking out more enhancements faster?
You really don't know..