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RE: Vlog 459: A sad day for Steem

in #exyle4 years ago

My opinion was that a few other chains have fork out cause of issues like disagreement about how certain stake was acquired.
Also, Steem has to be one of the firdt where the foundation company was sold for a profit.
In amycase I'm for the soft chain, but I completely understand why others aren't.

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Sorry to elaborate after watching:

I think the threat to Dpos has always been there, it's just now been realized and you seemed shocked by that which is the main issue for most people not supporting this decision (I know you really like Steem and have a ton of faith in it which I admire). As you can notice, 'skeptic' is in my name.

point that I only noticed after watching is when you talk about buying on the market (ie. binance) vs over the counter (behind closed doors from ned), you say there is no difference and don't agree that one is worse than the other. I agree with this point, it wouldn't actually wash the 'ninjamined' steem clean or make it any more or less right for either party. It doesn't change anything, but it may earn Ned less (we have no idea) and it would probably cost Justin a lot more (70 million Steem bought would skyrocket the price or take forever). I definitely know a lot of people here would cash out if the price suddenly increase to like 5$ because someone wanted to buy 70 million Steem. Alternatively, it would crash if Ned said he was powering down and putting it on the market over the next 13 weeks.

So the ninjamined Steem had to be bought under the table to control the price. In otherwords, the transfer didn't affect the price as much as buying on the exchange would. Also, we wouldn't even know who bought it and who to target. I think it isn't unreasonable to say a favour was done to us here. Justin is willing to talk, which is obviously better than whatever ned was doing for the last few years.

The main question is are we better off with Tron than Steemit? I think Justin is better than Ned, but I can see why the witnesses have no trust in him. He does run his mouth a bit and act full of himself (probably because he has some super inflated ego).

I have no problem with a little arm twisting because he needs it and I never had full faith in Dpos being absolute to begin with. We are just as secure as before (we were never secure).

Last, I don't think it was mentioned, but bringing up intangible things like who started this (obviously ned did) between witnesses or justin is unproductive. Here we are, let's hope people realize how serious this is and see what happens on the 6th. What will justin agree to? What will he offer? Hopefully he realizes what ninjamined implies for those who want to freeze him temporarily. I'm sure you are waiting too.