RE: Tron buy Steemit - What does this mean to SPinvest?
(Edited)
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I think it is not OK to just remove the buyback wall. Isn´t it exactly there for the reason to give people the opportunity to sell, if they want? Isn´t that one of the key selling points of SPI? To create wealth that is not locked like SP?
Who decide if a selling is still rationale or "panic selling" - you alone?
Please think about it. It is a matter of trust in SPI if one just can add or remove the buyback wall.
I trust a coin/token more if there are clear rules vs. a coin, if rules are changed just by a changing environment. Because the environment anyway can change anytime (like we saw with TRON now), but to change also the rules for the SPI token on top of that...
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Yes, especially because our value is not truly based on how many tokens there are on steem-engine
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The rules have not been changed, the buyback wall is not in the partnership agreement and SPinvest has offered a 95% buyback from day 1. The buyback wall will be added back when things have claimed down. Im happy if club members wonna vote in 2-3 members as representatives for the rest of the club that can help me make decisions in such times so it's not me alone. Please remember that my actions are to protect all token holders holdings, im sorry you've lost some trust in SPinvest.
There has been around 1500 sold back within the past 24 hours and we have around 2800 STEEM in the SPinvest SE wallet, what happens when that's gone? There's no STEEM for a buyback wall. I think removing the buyback wall for 24-36 hours s in SPinvest's best interest.
FYI, we never seen this Tron/steemit thing coming and i acted quickly. I did what i thought was best and unfortunately, the decision for such things does fall on me alone.