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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.
Who owns the 'alpha' account?
The alpha account is receiving (daily) funds from two of the largest bidbots on our blockchain. Very large sums (300k+ Steem per transaction) are received regularly from 'steemit2' account totalling more than 2M Steem. The 'steemit2' account in its turn gets really large sums from 'steemit' account. Just check their wallets.
Unless I’m mistaken, I believe alpha is owned by Blocktrades.
Ok, that is a better use for that account
Yes, it is one of our accounts. I use it for manual trades and other purchase arrangements to simplify accounting versus the automated trades done on our "blocktrades" account.
May I ask why steemit sent you that much steem over the course of alpha's existence? Is it something like an incentive for you being one of the few exchanges trading steem?
No, currently our listing process doesn't include any form of incentives from listed coins.
This is probably steemit and the bid bots selling steem.
Thanks for the clarification