No you and MK are wrong.....Megadrive has not sold any blurt to my knowledge and has publicly stated he does not intend to as he does not want to collapse the price nor needs the money.
The blockchain was set up for him to have power equivalent to that of the FED apparently....I'm not saying I agree with the set up...but so far he has held true to his word and I do not believe any of the founds have been sold at all, even at 10 cents briefly, or 2-4 cents for months...THERE WAS NO SELLING FROM THE FOUNDERS.
So a paranoid guy that keeps who knows how much of his money in a bank, in paper, trust the bank, but fully expects and anticipates megadrive to be a big thief, yet has done absently nothing that warrants such assumptions. I suggest, MK sell all his holdings to me at market price if he does not trust megadrive to not steel and dump all that blurt.
That being said it is expected for founders to sell some, once blurt is well off the ground and established.
Furthermore MK is taking in a shit ton too and here I am the only one delegating my holdings, looking for talent to better the platform, while I'm worth a fraction of these other two guys.
Another misnomer is that, the propaganda pusher scumbag MK....has equated socialgraph and whatever other community curation accounts as @megadrive's money too, which you and many other's are so quick to believe.
Just because he has the keys to the accounts does not equate to him planning/scheming on robbing the bank. Yes it's true the easiest way to rob a bank is to own the bank, but that makes megadrive no different then any other owner of a financial institution. So in the mind of a paranoid nut, everyone is guilty before even doing anything. MK should keep 100% of his wealth in gold under his mattress if he is so hung up on third party risk.
Did MK not ask for keys to that social graph account also at one time. I believe he did. So if the keys were given to MK...then MK would be the piece of shit who owns all the blurt, and of course we would then all be counting down anticipating the day when he steels it all. This is just totally nuts fucked up paranoid thinking, I can't believe how easily everyone just buys into it.
Those funds where created to help get the blockchain going with a fat curation account...currently Blurt booster, which is doing very well since I've gotten involved.
With this dumb as F logic of MK, you mind as well call megadrive a thief before he's stolen anything, call him a lair before he's been proven to lie about anything.
@megadrive is guilty of nothing cause he's done nothing, but create this blockchain we all use to entertain ourselves and whet ever else. He never even froze accounts. They act like a threat, is worse then even doing it, and by the way I helped put a stop to that immediately.
Bottom line is, this a bunch of I don't trust, and I don't like that guy crap....
MK and only MK is to be trusted with the keys to the big curation accounts. lol
So what the fuck is MK doing, holding and buying millions of that guy's shit coin?
That is the biggest mystery that nobody is asking.
Only thing I can conclude is that MK is a paranoid nut job. End of story.
However....I'm all for devs and people getting paid out of income produced from the socialgraph money. That is something that should be discussed in the witness chat. Feel free to lead on that one, you'll have my support.
It's exactly like a bank but the same as the Fed. He prints fake money out of the air to rob his customers and investors, by putting this fake money into circulation and selling it just like the world's banks causing high inflation which is a hidden tax. And that makes him guilty, because this practice is nothing more than corrupting money.
This is criminal activity, but in today's world where people are used to being fucked by banks and other financial institutions, few people understand how serious this crime is and what far-reaching consequences it has.
Once the economy depends on reprinting, then it can't stop this practice because all the false positions and economically unprofitable work that was done in exchange for this money does not allow you to stop reprinting because the investments do not pay off.
And that's what you have on the blurt. Mega paid this money out of thin air for things like improving the appearance of blurt's code or mute functions that no one wanted (look at gitlab for how many such items you will find there), and blurt barely had the capital to carry out any activities that could start make money for yourself.
I bet if he paid with his own money and not with investors' money, he wouldn't be so eager to support things that don't pay off. Just like mk does here.
In other words it's no different than steem and hive when it comes to centralization of power, but no downvote. Good enough for me, not like I've put any kind of serious holdings here...lol But damn, if MK put more than 10% of his net worth into Blurt, that is proof money and brains don't always go together.
Transparency 🥓
And truth 🤬
and this is it
Can we not just admit that this entire thing is a bunch of convoluted bullshit? That this could and should be a hell of a lot easier for any random person to hear, understand, form an opinion on, and have a say in it? Instead there are all kinds of programs, incentivization initiatives, and various other band-aids and fix-a-leaks?
Who the hell decided to start a fiat cryptocurrency?
I haven't been here long, so I missed the whole story (and I honestly don't really care), but I'd like to know who (other than the people who are actually profiting from this) thought it would be a good idea to have a cryptocurrency with built-in inflation?
Just to be clear: I obviously don't know fuck about shit, but I also don't think I'm an idiot, and I almost immediately gave up on trying to understand how Blurt actually works and what it's stakeholders' objectives actually are. (Again, I don't actually care, but I can say for certain that this entire system is wayyyy more complicated than it should be, so much so that outsiders have practically zero incentive to join the community.)