A lot of our customers have been asking for us to find a way to re-enable selling their Steem to our site, so we’re going to re-open our service under a new account called silly-einstein and see how it goes.

The Steem witnesses claimed that they froze the funds under our “blocktrades” account to “protect the network”. It’s hard to imagine how the silly-einstein account can threaten the network (it’s only got 3 Steem Power), so we’ll see if they leave it alone.

Since we can’t be sure they will not block this new account as well, we’ve setup our system to periodically remove the Steem that is deposited to the account. This means that we will only be able to buy Steem, not sell it, since we can’t maintain a reasonable size inventory of Steem in the account.

Be sure you send to silly-einstein account, not to blocktrades account

The new Steem service works just like the old one, except you can only sell us Steem, not buy it from us, and you must send to silly-einstein, not blocktrades on the Steem network. Any funds sent to the blocktrades account on Steem are not accessible to us.