What specific statements were made by Ned or Steemit reps that are being characterized as a promise or contractual obligation to use the funds a particular way, and was an amount mentioned?
This is a quote from Dan Larimer.
"Our only advantage is information about how we intend to use the platform. The irony is that there are legal risks in sharing information about what we intend to do for a coin until after we have done it. That information could be interpreted as a promise that in turn would give the coin value derived from our future actions. So we didn't promise anything, but we still know what our plans are."
RE: Q & A Regarding the Soft Fork, Tron and Witnesses