Open Letter to Ned and Steemit Inc

Dear Ned and Steemit Inc decision makers,

Over the years my team has done our best to the support the Steem ecosystem as a witness and contributors.

You are not instilling trust in the Steem blockchain as a whole when your direct on-chain statement reads:

Moving STEEM to secure wallets. Steemit's STEEM supports our Mission, Vision and Values which are built on Steem and Steemit.com. Our vision is to grow Steemit.com into a vibrant communities web app, expanding the boundaries of community coordination and online discussion by incorporating cryptocurrencies as incentives. The company focuses on sustainability and decentralization by lowering run costs and increasing revenues by increasing stickiness through better homepage and community tools, and while always demanding a secure and safe, client-side signing experience.

This directly translates to yourself hiding STEEM from the community, investors and witnesses. The obvious reason for it is a lack of trust. The secondary and tertiary reasons are not as readily evident but hold the undertones of money laundering.

You are fully aware that the Steem blockchain has security mechanisms built in. The STEEM in any given account cannot be affected by any external malicious parties without a major hardfork. The private keys are unbreakable within the limits of current technology. No one knows this better than ourselves who have helped countless stakeholders and investors recover their accounts from compromise attempts.

Ned, yesterday you mentioned that you do not trust witnesses and are willing to use Steemit Inc's stake to vote in Steemit Inc-approved witnesses as necessary in order to shift the consensus balance. Steem witnesses are amongst the most transparent and best-qualified in the cryptosphere. They are senior developers, executives, PhD academics and innovators. Witnesses respect and trust one another, irrespective of our rank. We have to in order to deserve the trust that the community puts in us. Yet you do not.

I and my team ask you to halt the powerdown and covert fund redistribution of official Steemit Inc account holdings and adhere to the transparency that you and your team promised the community. We ask that Steemit Inc holds itself to operating in a transparent manner now and going forward.

Sincerely,

The GuiltyParties Team