Eight days ago the corporate Hive account@steemit account did something that many here seem not to have noticed.

Start power down of 71,453,545.309 STEEM

Then, earlier today, the first 1/13 of that SP converted over to Steem.

Almost immediately, it was moved:

Transfer 5496512.514 STEEM to Hive account@steemit2

But it didn’t stay there long. Four hours later, much of it got moved again:

Transfer 3500000.000 STEEM POWER to Hive account@misterdelegation

And if you go to https://steemworld.org/@misterdelegation and click on the Delegations (Out) tab, you’ll find a 500,000 SP delegation to Hive account@busy.pay that was done today. As well as several large delegations to Hive account@dlive, Hive account@dmania, and Hive account@dsound all done exactly a week ago, not long after Hive account@steemit’s power down started.

So Steemit, Inc. is delegating lots of SP to these, much like it did a bit earlier with Hive account@dtube.

I joined Steemit not quite 10 months ago. To the best of my knowledge, Hive account@steemit has never powered down its SP. Now, boom, the corporate overlords have powered down all of it. Five and half million converted to Steem already. Five and a half million more next week. Five and a half million more the week after that. And so on, until three months from now, all will have been converted. (Granted, the power down could be stopped.)

Will massive delegations continue? Will some be sold on the open market or to companies gearing up for rolling out Smart Media Tokens? Will someone at Steemit Inc. make a fat finger mistake and transfer the next batch of 5496512.514 Steem to Hive account@preparedwombat?