timcliff [7:27 AM]
joined #steemit-stake along with Ricardo Ferreira (thecryptodrive).
Ricardo Ferreira (thecryptodrive) [7:29 AM]
first we need to determine how much visible stake they have:
steem - 11.3 Mil SP + 45K STEEM
steemit - 44 Mil SP + 8.7K SBD + 1.064 Mil STEEM sent to bittrex
steemit2 - 10K SP
steemit3 - 3.6K STEEM
gsr-io - 730K STEEM (not sure if Steemit)
misterdelegation - 18.8 Mil SP (edited)
I think we can agree that only Steemit inc funds are in play and not Ned's personal funds
not those of other developers
crimsonclad [7:38 AM]
joined #steemit-stake.
timcliff [7:39 AM]
set the channel purpose: Discuss the details pertaining to Steemit's stake that is relevant to the conversation (which accounts, how much STEEM, power down rates, etc.)
timcliff [7:39 AM]
set the channel topic: Discuss the details pertaining to Steemit's stake that is relevant to the conversation (which accounts, how much STEEM, power down rates, etc.)
liberosist [8:10 AM]
joined #steemit-stake along with reggaemuffin.
timcliff [8:43 AM]
is there somebody that can monitor the list of accounts above (ned's as well) to see if there are any changes in the power down schedule?
pgarcgo [cervantes] [8:48 AM]
joined #steemit-stake along with smooth.
smooth [9:21 AM]
I don't agree that "Ned's personal funds" are a thing.
All of the founder accounts were vested as part of the ninjamine exactly like (and in fact on the same day) as the steemit account, with exactly the same privileged information about how the vesting system worked and how to ensure that it represented 80% of the total stake.
Moreover I am aware that there were various vesting contracts with some of the founders where their stake would revert back to steemit if they left, and some did indeed leave.
Ricardo Ferreira (thecryptodrive) [9:23 AM]
sure if we can find out about those vesting contracts would be good
to be fair if we go after neds funds we can't exclude dan's
and we don't want to target dan
so best to let ned be with his "hidden" funds
timcliff [9:24 AM]
Ned can't negotiate with Dan's funds
smooth [9:24 AM]
Generally speaking I would think that outside of a "no deal Brexit" (Steem-exit? Stexit?) where those engaging in a fork will just have to do their best to come up with whatever list they think is the right approach, a negotiated outcome should include an audit of these things as well as an audit of the stake that has already been sold and not yet spent. (edited)
Ricardo Ferreira (thecryptodrive) [9:25 AM]
we must take care not to overreach
i agree with audits
who do you propose does the audits?
smooth [9:25 AM]
An independent expert hired by steemit
Probably a public accountant working with a blockchain expert, i guess the selection of both should agreeable to both parties. I don't see a real obstacle.
timcliff [9:27 AM]
Ok, good idea. I'll edit
Ricardo Ferreira (thecryptodrive) [9:30 AM]
if they hire them they can get them to put in whatever facts they decide
don't assume all professionals are above board or not friends of Steemit
Ausbitbank [9:45 AM]
joined #steemit-stake.
smooth [10:52 AM]
Ricardo Ferreira (thecryptodrive) [10:54 AM]
Sure
themarkymark [11:23 AM]
joined #steemit-stake along with 3 others.
therealwolf [1:27 PM]
Have you seen that Steemit is powering down all of their stake?
This message was deleted.
timcliff [1:39 PM]
So the clock is ticking. That would mean every seven days we loose 1/13 of our negotiating power as well as the effectiveness of a lot of the solutions
therealwolf [1:40 PM]
I moved the message to general as only 12 people are in here in contrast to 30+ in general
followbtcnews [2:25 PM]
joined #steemit-stake along with Bhuz.
Ricardo Ferreira (thecryptodrive) [2:46 PM]
Actually we don't need to panic too much, they sent 1 mil to the exchange and their first powerdown is 2.6 mil
So that is within an acceptable retention they may be allowed to keep to cover short term costs
If we dont want them to have that then we price it in to the milestones, we say you have already kept x so we expect y deliverables in exchange before we issue another milestone for further pay
therealwolf [2:51 PM]
I agree - we should keep calm, but it seems that what we're doing is working
putting pressure on Steemit Inc
lukestokes [4:35 PM]
joined #steemit-stake along with 5 others.
timcliff [9:02 PM]
Is someone able to clarify which account(s) Steemit, Inc. actually started a full power down on?
blocktrades [9:03 PM]
https://steemd.com/@steemit
it wasn't a full power down, just a lot
timcliff [9:04 PM]
Is that the only one that they started powering down?
blocktrades [9:06 PM]
I don't know. Also as a side note, the probable reason it wasn't a full pd on that account was that it wasn't possible to do so immediately
First they had to wait for the return of 10 million SP that was delegated out (which came back 16 hours ago, apparently)
So all signs point to a planned full PD on that account
timcliff [9:07 PM]
sure, likely all that was possible at the time. my main question is if anything appears to have happened on any of their other accounts.
blocktrades [9:08 PM]
don't know, but if you have the accounts to check, just look on steemd like the link I sent
timcliff [9:41 PM]
Here is a summary of the stake being powered down based on the account list above. (afaik, gsr-io is a third-party)
steemit withdraw 34,014,847 SP from vesting
steemit2 No
steemit3 No
misterdelegation No```
themarkymark [11:24 PM]
Is Val-b a Steemit inc account or just investor?
Also wonder about cdec84
Ricardo Ferreira (thecryptodrive) [11:25 PM]
ex employee i think
val-b
timcliff [11:25 PM]
^ yes. afaik, @val-b was an original Steemit, Inc. employee. Pretty sure not there anymore
Ricardo Ferreira (thecryptodrive) [11:25 PM]
he was the frontend dev
themarkymark [11:25 PM]
https://i.imgur.com/Jg8I1Wz.png
https://i.imgur.com/Jg8I1Wz.png
that's a lot of steem for an ex employee
especially a front end dev
timcliff [11:26 PM]
pretty sure not working there was a result of the "purge" that occured with the 70%. no idea though - just kind of going off partial information and rumors :slightly_smiling_face:
themarkymark [11:27 PM]
up to 323K steem in a month, with multiple large monthly 100k+ steem leads me to believe it's not an "employee"
much less a web dev
timcliff [11:28 PM]
I also think he was one of the people named in the original whitepaper author list
he's always been one of the larger stakeholders
jesta [11:42 PM]
What I know lines up with what Tim said. He was a very early webdev, day 1, and if you look at the account creation dates he had an account before Ned.
Gandalf [11:51 PM]
It's Valentine. You guys should leave your basements once in a while :slightly_smiling_face: There's a life behind the firewall, really :joy: He was at SteemFest in Amsterdam and SteemFest2 in Lisbon.
smooth [12:21 AM]
val was a founder. I believe he left.
There were some vesting terms on founder accounts and I don't know the details. so it is not clear whether those accounts (including that one) may have reverted back to steemit upon founder departure (or not)
the val-a and val-b accounts were both staked from the ninja-mine along with other founder accounts
Gandalf [12:51 AM]
Who actually was in that founder group? People named in initial whitepaper?
smooth [2:01 AM]
Probably yes but you can see which accounts were staked from ninja-mine on day 1 of vesting
I believe all the (originally liquid) mined coins from accounts steemit1-steemitN were moved to steemit and then powered up to various accounts
Ayogom [6:36 PM]
I think maybe @gsr-io is ned's secret account.
If you look at the account that gsr-io has withdrawn to the exchange,
deepcrypto8 "101493714"
huobi-pro "135681"
This exchange account already has a record of remittance through the following account.
https://steemit.com/@brixtongg/transfers
https://steemit.com/@cdec84/transfers
And the history contains @Ned.
So I think gsr-io is a ned secret account.
whatsup [7:05 PM]
https://www.gsr.io/ ... Just in case you haven't seen it.
therealwolf [7:07 PM]
Can someone contact them and ask if they have a business relationship with Steemit Inc. .. just in case?
themarkymark [7:09 PM]
If they did, they wouldn't admit it.
If it is close to Ned or is Ned
and they likely can't due to privacy issues
I sure wouldn't want them telling random people I was a customer if I was. @
RE: The recent controversy between Steemit Inc and the community - the premine, control, and where it leads this blockchain