Apparently the main SteemIt account has been powering down millions of SBD and nobody knows why. Where's the promised platform transparency?
The Importance Of Transparency
One of the pillars of Blockchain is transparency, since it's the most important element when it comes to gaining en maintaining trust. Trust is the main key if you ask people to invest the money they've worked so hard for. After all, nobody wants to be ripped off. If you invest money, time and effort in something, you want to be sure that it will not be going to waste.
The Current Situation
These last few days, I've been reading SteemIt articles that are revealing that SteemIt's main account , @steemit, has been powering down massively. We're talking about millions of SBD here.
It's obvious something is going on, but up until now it remains unknown whether it's something good or bad.
I'm referring to a number of posts, which include:
Did Someone Say 'Hold It'? || @steemit Is Powering Down - What Would You Do With $71.4 Mio Steem? by @surfermarly
Something BIG About to Happen With Steemit?
and
More About the HUGE @steemit Power Down by @preparedwombat
@steemit Powering Down 71 Million Steem Power. What's Going On?
and
Further Investigation on @steemit Powering Down 71 Million Steem Power by @kp138
If I didn't see these articles, I wouldn't be aware of the phenomenon.
And that's exactly what is worrying me...
Questioning The SteemIt Platform
Just the other day, I bumped into an article written in september 2016, when SteemIt was still fairly new.
inside the article, I found the following information:
Another promising characteristic of Steemit is the transparency of the developers with respect to how the platform works and the direction the platform will be going in the future. The creators of Steemit regularly post longform updates explaining the ongoing development process and appear to be receptive and responsive to feedback from users about updates, suggested features, and the mechanisms of the site.
Source
Apparently, things aren't what they used to be, and I regret that.
As a SteemIt user, i've been putting a lot of time, effort and money in the platform. If something is about to happen - big ór small - I think
I have the right to know!
The fact that this powering down has been going on for more than a week, and everybody is still in the dark about the reason for it, is simply unacceptable to me. There has been plenty of time to notify users, still this hasn't happened.
Why is it so hard to send out a message to the users of the SteemIt platform, simply telling them about the fact that @steemit is powering down. I would settle for such a simple, informative message.
I can understand that there could be a reason for not being able to reveal WHY this is happening, but at least have the courtesy to let people know. The way things are happening now, I have the feeling they're sneaking around behind my back and to be honest, that has kind of a big effect on my feelings about the SteemIt platform.
Although it's a very interesting time to buy some extra Steem now the price has gone down, I'm hesitating. Can I trust SteemIt? I'm not sure anymore. My gut tells me that if such major events are kept a secret, something must be off.
I really like to hear your point of view on this.
Does this secret powering down affects your trust in SteemIt?
Are you still willing to invest before you know what's going on?
Do you think this has a negative effect on SteemIt's credibility?
Do you think I'm suffering from paranoia?
Please Let me Know!
Image Source: Pixabay
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