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RE: All Is Well With STEEM: Ignore Price Action: This Blockchain Is On Fire!!!
And, to boot, Steemit climbed into the top 500 in the US and top 1300 globally while the marketcap of STEEM was cut by 40%.
Every time I check out the stats at Block’tivity, the evil smile on my face gets bigger.
Would love to have you write a post about the big @steemit power down. I think I only scratched the surface:
https://steemit.com/steemit/@preparedwombat/more-about-the-huge-steemit-power-down
I would comment but I have no idea what is going on...I am as lost as everyone else.
You covered it extremely well. Follow the money....however where does it lead us.
I surmise a lot of it is going to support the other apps so they can make a move like D.Tube is making. Imagine having 3 or 4 apps breaking into the top 2000 sites around the world. We have one and D.Tube is advancing each day by huge numbers.
I think we can cross the idea that @ned etal are cashing out....it appears there is a plan to use this SP to help things grow.
I did read one guy comment that he thought it was going to help those apps power up to fight off spam.
All speculation at this point.