RE: RocksDB and SMTs Announcement
Ned, your wallet activity communicates that you are aiming to power down 100%. Since 1.5 Mil STEEM has already been uloaded into the market; a big question mark stands.
In my 40 years of capital markets and companies; the ONLY reason a CEO gets rid of his WHOLE stock of holdings is due to the following potentials:
You are LEAVING or Giving Up out of disgust (unlikely).
You have received another offer elsewhere that's too good to decline.
The board is about to fire you (unlikely) since the board is you, yourself and you.
So, what's going on? There are many reasons a CEO sells and only one reason a CEO buys.
I'm smelling something having to do with #2....that you have somewhere else to go....perhaps not of your choice but necessity. Where are you going?
What have you done with Steemit Inc.? My sixth sense tells me that you're up to a self preservation driven activity.
I'm aiming at #2.....what are you scheming? What's going on that makes you unload your wallet? Did you sell Steemit Inc.? Is it going bankrupt?
I shall meditate on this to discern.
hey Retard, do you think ned kept all of his steem in his ONE single @ned account? he has @steem @steemit @alpha and a lot more with tens of millions of steempower i think he has like 90 million so shut the fuck up! Youre so dumb spreading misinfo and getting upvotes for it
You are awake... Grtz... don't be fooled by all these gospel singers and mantra repeaters. Use your eagle eye.
touche
Transferring crypto to an exchange is not the same thing as selling. I myself have quite a bit of Steem on an echange that I use for regular trading. It might not be the most secure thing, since the exchange could be hacked, but it allows me to profit quite a bit from trading.
He could have done quite a number of things, including diversifying his crypto holdings to weather to bear market. The question is, if he has sold Steem, will he buy back any? Will he possibly increase his holdings?
In any case, it's not really our business what someone does with their personal holdings of Steem. Despite people's grumblings about people powering down, it is fully their own business what they do with their own finances.
Fuck there are a lot of moaners on this post. Also a fuck tonne who still can't get it past their thick skulls that STEEM doesn't live or die by steemit. In any case, fair play @geekpowered for a little common sense and for not defaulting to FUD bitching. There is enough of that in the mainstream media.
I'd agree, in all logic if Ned is in a position where a falling STEEM value is putting financial pressure on then powering down and putting it into oh i dunno say a stable coin makes sense. If prices go back up well then whoop de do, he may lose some personal wealth, but then steemit starts to support itself once more. If the STEEM value continues to drop at least he has a pool of reserves to keep the core team going.
Could be another negative reality going on. But really people, FFS how narrow are your crypto holdings that this actually concerns you. If STEEM goes to zero and it impacts on more than 10% of your bottom line investments then well need I say more.
I'm also powering down 100% now, and that's not because I'm leaving Steem, it's just because it seems to be the only way to gain a bit of liquidity on the Steem power.
By powering down 100%, once a week I get some freedom of choice, I can choose to revert the power down by powering up, I can choose to sell some steem, I can choose to buy SBD on the internal market and convert it to steem if that seems profitable, and I can choose to channel funds over to other investments.