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RE: @ned Denies Request For Financial Transparency
Yeah, those were my first thoughts when I read the discussion. Now, I do think Steemit deserves a little bit of slack, they have not shown any indication that they would handle selling off their stake irresponsibly. Just the fact that it's possible for them to do so, is what worries me.
That's true. I believe they have sold some Steem but no major dumps.
They are in very difficult situation with the price drops. Then again, many of the problems they face now were going to come up at some point. The price drop might be the shakeup they needed to sort out their cost structures as well their revenue streams.
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