Steemit was not pre-sold, like other ICO's. The developers own most of the coins, and rightfully so. If they choose to dump it, its up to them.
You are viewing a single comment's thread from:
Steemit was not pre-sold, like other ICO's. The developers own most of the coins, and rightfully so. If they choose to dump it, its up to them.
And the opportunity cost of simply dumping all of their liquid tokens would mean that they would likely mortally wound the ecosystem. @dantheman and @ned appear to be captains that would go down with the ship, not jump at the first sign of danger.