I'd also like to point out how awful a value the fee shares are right now, the exchange would need $300,000,000 in total volume to break even on a share.
By selling these shares, RS is hedging his bets that his exchange will not be around that long. If he trusted in his exchange, the wise move would be to keep all the shares.
Do you trust an exchange that it's own operator does not trust?
Why must one break even on the share for it to be of value?
You have a clean negative bias towards the developer and are taking it out on the product clearly. At least be smarter about your direct bashing.
Are the shares currently over-priced? Yes. That's because those buying them are speculating an increase in volume in the future and are willing to take the risk of doing so. At this point you're either jealous or just hate RS. Either are valid, but neither help progress anything.