How much do you think Justin Sun paid for Steemit, Inc? Did he pay more for it than his lunch with Warren Buffet? 75 million SP at 20 cents a piece equals 15 million dollars. The steemit.com domain name was worth something, too. He may have got everything at a discount. I'm guessing paid something between 5 and 10 million dollars for the company.

But the real mystery is why Ned sold out now. SMTs will be out soon. Communities will be out soon, too. STEEM seems to have bottomed out and an alt season would most likely take it above one dollar in a year or so anyway.

I understand Ned wanted out. If I had stock in a start up I wasn't enthusiastic about developing that was worth millions of dollars, I would be looking for a buyer, too. But why now? Was Justin Sun simply the first one to offer serious money for Steemit, Inc?