The efficacy of how well Steemit has performed on it's promises has been questionable, but at least in principle those promises have been delivered until Feburary 14th, 2020. This is the day Ned the Snake sold the Steem holdings of Steemit and pocketed them for personal gain.
This would be akin to a non-profit chair selling the money they hold in a public trust and pocketing the money. Ned has not only abandoned his fiduciary duty but pilfered funds from the community.
The above statement simply isn't true, Ned owned Steemit inc, therefore he owned all of its assets. As I opined 3 years ago, the way the company was structured meant that it was, and still is a private company.
You can use all the flowery language you want, but Steemit inc is an entity which has employees, bank accounts and assets just like any other normal company.
I think this move by the witnesses is not right, and I've removed my vote from this article as I do not support this in any way shape or form.
I believe this behaviour is staggering when you consider we have had an incompetent fool at the helm for the past 3 years and neither you, nor any other witnesses have done anything about it.
Now that we have a savvy businessman in charge, who has secured a deal with a massive multi-national company, you do this.
All this will do will alienate someone who could propel this platform out of the crypto bubble and into the mainstream. I only hope for all our stakes he is the forgiving kind.
