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A lot of folks are voicing similar concerns. It really wasn't the wisest way to crack the news, was it? And the price sure doesn't appreciate it.
I'll give Ned and Steemit a chance to share what's up. Dan's a busy guy and maybe it was just time to focus on one of his other endeavors.

What other endeavours?

There clearly was some sort of fight going on, otherwise this would have gone down differently

Clearly?
We may never know the truth. It does seem to smell of some sort of disagreement. But jumping to conclusions is usually far worse than not knowing. I'll wait to form an opinion...
Dan is busy with a couple of projects. I'm not in his inner circle, so couldn't really point out exactly what. But he does come up elsewhere.

I've blown over 20 btc into this thing. I'd bet that amount gladly that this was the result of a quarral. I am also certain that all the people left at steemit are not as valuable as dan himself.

Fuck!

I have a chunk of change into it too.

I agree ! I am disappointed