Quote from: magicalacademy on July 22, 2016, 07:36:24 PM

Quote from: mchwierutSC on July 22, 2016, 07:13:00 PM

Quote from: magicalacademy on July 20, 2016, 03:12:23 AM

https://steemit.com/@steemit/transfers

https://steemit.com/@ned/transfers

https://steemit.com/@dantheman/transfers

Those are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem .

You know what's funny is that they tell you to power up but they are powering down all 3 accounts and cashing out $2 Millions every week.

And fools on poloniex are buying up all the steems hahah and best of all the founders's money is growing extremely fast so they have essentially set up a system where they could cash out $2M every week for life until the ponzi come crashing down of course but these devs are fucking geniuses.
It doesn't end there though, they have designed a system where they have so much voting power compared to everyone else that they decide where the pool's money is being allocated, so if they want to pay themselves and their buddies they can do it just by a mouse click.
They can also create sockpuppets account and vote for themselves.It's like a fucking cartel, they are the first crypto mafia.
They also get to decide what goes on the front page so obviously they chose to upvote boobs and steem praise, there is nothing better than vagina to prop up a massive bubble.

In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves, But they don't care becasue in 3 years the devs will be in their private yacht sipping mojito with lots of bitches while you will be powering down but it's gonna be too late my friend.

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year? They say don't worry hopefully the price will increase to make up for it rofl It will not because they would have crashed it to pay for the yatch lol

RIP steem power holders.

http://thestringpuller.com/2016/07/a-steeming-bubble/

How can you tell they are powering down? Is there something in the interface that alerts that or are you tracking the growth of their SP?

click the links above, you will see it says "The next power down is scheduled to happen 2 days from now."

If they didn't power down nothing would be shown there

Ah, but it doesn't show how much they're powering down. That would be difficult to estimate, since they are also constantly getting SP due to the inflation rules. It'd be great if we could see how much they are powering down or how much SP total is currently being powered down. When you said $2 million, you meant as if they were actively powering all of it down? Thanks for the reply, it's such a complex system.