Hi; I am Ned Scott, the founder of Steemit, Inc., an organization that has mined and is currently mining Steem.  Steemit, Inc provided the source code for Steem.

In the next few months, we will be releasing a white paper and a website to describe more about Steem, the cryptocurrency and blockchain.  

The reason this chain has been manufactured into existence as is is most explained by the following blog post: http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/

We appreciate everyone who has mined this into existence with us.  I am available to speak privately with anyone who has mined this chain.

Look forward to being a part of the Steem movement with you.