Eh with rhetoric like "the broken SteemIt site" I'm not sure I can really get behind that.
It's a fund. Period. It means speculative gains.
Aside from that and the politics that you are bringing up I don't know, or pretend to know, much else.
A $20M fund for SMT developers is only interesting to developers I guess. Fairly so
Let me know when you get some of the 20M "for developers".
I read a little about BTC and the company that bought a large percentage of them in 2015, called Global Arena Holdings. It sounds great, but it doesn't smell good. I will be the one who sounds crazy now, and later I might be the one who was crazy then, or not. Maybe I'll be the only guy who called it right. Won't be the first time I called BS on something, got ostracized for it, and then watched as a couple months passed then it turns out I was right all along. :D
Just not sure why anyone would attack anything without having evidence against it?
I reported the news. I'm not claiming anything until it happens. And yes, I will submit a proposal when the fund actually exists.
I'm already getting some of that support.
You seem a little angry about something. Not sure I'm on the same wavelength here. You are welcome to get anything off your chest though.
Many investors worth their salt would care about developments around one of their large investments. I know I'm just a fat little minnow but it means a lot to me
Nope, not angry, possibly a bit nervous about this announcement though. I did do research, and this is the sort of thing I found
http://www.marketwired.com/press-release/global-arena-holding-sub-buys-into-blockchain-with-btc-purchase-otc-pink-gahc-2066987.htm
keywords: influence, lucrative
"Management believes that the Company is now well positioned to make significant contributions to the ongoing development of what Marc Andreessen suggests, could be the most important invention since the Internet itself. And with BTC under its umbrella, the Company intends to leverage its new competitive advantage, "using this distributed consensus model, to influence and create vertical blockchain applications that will prove both useful to the world and lucrative to Global Arena Holding," concluded Matthews."
also
As far back as 2015, this company has been buying up Block chain companies, patents and tech with the pure intention of centralizing it and profiting off it plain and simple. Their existence is kind of completely opposite what block chains are about.
Their own website even goes so far as to brag about their involvement with banks and credit unions and their acquisition side basically exists to buy up all the chains and such that they can clammer onto and ride them out.
http://globalarenaholding.com/
Makes me a might nervous, because this is like a bank or the whole "oracle will host blockchains" news - its where the power of the people gets bought out from under them, potentially.
You just have to read between the lines and apply a little wisdom. I hope in a couple months I dont turn out to be right about this like I was about your recently departed senior mod I was right about ;D