Hahahaha!
Ned sold it to Justin, he probably knew it all or maybe he was testing what happens.. In 2019, he bought BitTorrrent, and SteemIt in 2020, he was talking about a Swap for his network, Tron. He made a mistake of thinking that he can buy a community, just like that.
Funny..
Now, he wants to get as much as possible for what he possesses, but wait a minute... All value gone? The more it is spreading, the value is going. hahaha...
Angry Kid... You cheated.. I bought a considerable stake at Steem, so I bought you people too.. I bought community too..
Aa Aaoo, why did you think so?
Now, revenge.. I own Steem, so I own the accounts of users as well..
hahaha..
Who told you that??
You did a fork, I will do a fork..
With a fork, I will take away what you have...
All he is going to get from it is... "Nothing..."
hahahahaha.....
blocktrades, "### Wait, what about the Steemit stake it holds?
While it controls a stake with a quoted value of many millions, it will never be possible to realize that value now. My best guess is that it is worth around $200K USD, and that's only if the owner considers it ethical to dump the stake that was promised for development. My estimate of its dump value being so low is because it can only be dumped slowly, which will give the market time to see what's coming.
This is also one of the big reasons why Justin is lobbying to get the powerdown rate changed to something like a day. The faster he can dump it, the more value he can get from gullible buyers who think they are getting coins cheaply, never understanding that the coins they are buying will never regain their value, because all the value is going to leave (more on this point shortly). Time is not on his side in such a dump, because the more information people have, the more they will realize that what he’s selling won’t be worth buying.
As a side note, all the above is one reason Steemit got sold to Justin to begin with, in my opinion. Ned has dealt with Steem long enough to know that he was unlikely to extract the value just by dumping it and he didn’t have a plan for how to profit by using it for development (he tried that and failed already). So instead he sold the company for less than half the value of the Steemit stake and was happy with the deal."
https://steemd.com/steem/@blocktrades/why-i-won-t-be-compromising-with-justin-sun
RE: STEEM (Hard Fork 23): An emblematic theft in the world of cryptocurrencies.