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RE: HF21: SPS and EIP Explained
Steemit and other substantial stakeholders mined Steem prior to Steemit being public. They remain the holders of the vast majority of Steem today. Busy, Partiko, eSteem, and other front ends did not participate in the ninjamine, and therefore do not have that 'free' stake to invest, as does Steemit.
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