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RE: My Thoughts On Steem & Steem(it)
But not caring about Steemit Inc's ninja stake just because the price is low now, is pretty short-term looking..
And now they hide their stake.
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FYI, I wouldn't care if the price was 100$ per Steem, either. I don't let anyone hold anything over me, let them dump, someone will buy.
How do you know?
Wont be always that way.
So you would be okay with developing a great steem which is maybe at 100$ price (after all your efforts) and then a Steemit Inc that's just dumping their stake so your coins are only about 20$ worth..
You still make profit.. But Steemit Inc profits really big from your great development..
And you would only profit because you bought that early.. People who get in later would probably all get rekt.
Imagine coming in at ~40$, seeing how it all goes up and then ending at ~20$ because of Stinc ;)
People would probably leave in masses.
We could have set up some kind of smart contract which liquids their stake over time to finance servers and dev costs. But now it's probably too late. Stake is hidden.
"let them dump someone will buy" That thinking got us from #17+ on CMC to #51. No thanks.