What Steem Blockchain gained and lost post HF23
Gain
- The Steem community can now power down their SP very fast (from 13 weeks to 4 weeks now)
This is the only gain and this gain will get squared off as the reputation of Steem Blockchain refreshed an all-time low and at this moment no one except Justin Sun would put their money here.
So the very idea to get an influx of investment by keeping shorter power-down period does not seem to work for Steem Blockchain from here on.
Loss
- Steem Blockchain refreshed its reputation to an all-time low with HF23. This is a setback on the part of the investment.
- The witnesses of Steem Blockchain who coded & initiated HF23 were all happy to get over 5 million USD by seizing over 23 million Steem of 65 investors. They confiscated it illegally criminally but post HF23 someone(ethical hacker) hacked the @community321 account (where the seized funds were transferred) and sent to Bittrex exchange( with a memo requesting to return to the original owners of the fund).
Put simply, the convivial show of Justin Sun and the puppet witnesses in HF23 suddenly turn into a nightmare post HF23 and rightfully so.
Hey, some rare hacking events are really celebrated and this one is the greatest event in recent times.
Summary
The Steem Blockchain witnesses tried to confiscate more than 5 million USD through HF23 illegally, criminally, but by doing so they put the reputation at stake.
At the end of the day, they lost everything, they seized 5 million USD, but a white knight saves it and sent the seized fund to Bittrex and secondly, their reputation refreshed an all-time-low. With that neither, they are going to get any investors in a centralized Blockchain like Steem, de-facto owner is Justin Sun nor they can revive from this damage, as they have already set a very wrong precedence in the history of Blockchain and the Blockchain community will find these actors in their bad book.
I am happy and hopeful that our leaders @theycallmedan @blocktrades and others (65 users whose fund was seized in HF23) will get it from Bittrex through due co-ordination.
The best thing is that as Blockchain is immutable, the audit, process and mechanism to return the fund to the legitimate owners will be fast and it should be as fast as possible. I am afraid if these puppet witnesses go through another HF and seize the exchange account of Bittrex, although the probability is low), you can not trust these malicious actors.
Stealing is bad-- @justinsunsteemit
Thank you.