Undelegation, Power Down and transferring funds to exchanges. Interesting, nah?
So many things have happened today on steem Blockchain. The account @steemit has started powering down majority of their stake. @misterdelegation has undelegated to @musing, @dsound and @sndbox - The projects that have attracted so many people into this blockchain!
I'm not sure about the reasons behind this moves. The memo reads that they are doing this for the good of this community. Anyway, as of now none of these steps I think are sufficient enough to sow the seed of uncertainties in the minds of optimistic steemians.
In long run everything is going to be fine. Don't panic. If you have presence on Twitter, please click in this link and type $steem as your reply. Bittrex is searching for releasing new USD pair. Why shouldn't it be our steem? Head on there and do that deed for the well being of our community!
Keep steeming!
There is a reason why they are undelegating. Some other account has forked a version of steem blockchain source code where they modified the keys. It means that if all witnesses agree(which is unlikely) they can create a version of steemit with different wealth profiles. See this: https://steemit.com/steem/@krnel/steemit-inc-powerdown-due-to-fears-of-having-accounts-stake-stolen-in-future-hardfork
Hmm... I had gone through that post. It seems they are unlikely to sell their stake.
Yes it is quite sad too see them pulling off their delegation. The DApps are also not yet self sufficient to stand on their own leg. I'm also expecting a new change in the Blockchain soon. Let's hope for the best.
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Sure. These affected Dapps have been doing a great job. Maybe steemit Inc is planning for something good. Who knows!
Is there any official update from anyone stating the reason for this development?
If there is anything to go my their recent posts we can safely say that SMT on testnet is not going to happen anytime soon, so why are they powering down 2 days before they their announcement date of the same event.
I'm unclear about the things happening here around. But I hope that everything turns out good.
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Hi ,Why the hell did you give me a downvote?