If you didn't already know about it allow me to inform you that there was a major announcement / proposal today published by @steemitblog Proposed Changes to Steem Economy. I suggest you head on over and read it and leave your thoughts in the comments there as @ned & @dantheman are seeking community feedback on the proposal.
Even if you have already read the proposal what you may have completely missed is that just minutes prior to this big announcement the @ned account transferred over 100K in liquid STEEM to @poloniex. This transfer was quickly noticed by members of Steemspeak on Discord.
I'm not making any judgments here (I'm still not sure how I even feel about it), I'm just reporting the statements that were made by @ned on Steemspeak in regards to that 100K in STEEM transferred to Poloniex just prior to the announcement and asking a few questions out loud.
Here are the screenshots from Discord of people noticing the transfer and @ned promptly responding in regards to it:
So you can see that @ned says he hasn't sold any of it on the market and that the purpose of the transfer was so there would be no mixing and confusion over his and Dan's "SP commitment". I wasn't sure of what he meant by that but @inertia was nice enough to point me to this comment Ned & Dan's SP commitment
So Steemians what do you think of that big six figure transfer to @poloniex just prior to a major price changing announcement? Should @ned be believed on face value that he never sold any? If he did sell any is there anything wrong with that?
Personally I think the timing of this transfer and where it was sent to could have been handled a lot better if none of it was in fact being sold. Why not use the savings account feature or transfer to another account? If he was indeed selling that Steem on the market I'm really mixed. This could easily be construed as insider trading or a pump and dump with ramifications if it took place on a regulated market but are insider trading laws a good thing? What do you think? Leave a comment below.
Make sure to follow this profile @contentjunkie to stay up to date on more great posts like this one.
