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RE: Steem: Softforking, exchanges, security and mining ninjas

in OCD • 7 years ago

Ninja mined stake was not burned, no trusted body (foundation?) was created to manage it. Softfork has (likely temporarily) frozen these tokens.

But - what is the vision? Are witnesses to unlock these funds based on Justin's word? Such that it rolls on (with all the uncertainty) like during Ned's Stinc?

I haven't seen any discussion on the future, or any proposed solutions for ninja mined stake.

(I should have written a separate post, but nobody's going to read it, this way maybe the problem will get the attention of at least one person)

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No, it wasn't burned, but probably should have been once the chain was stable, at least most of it (I wrote about this years ago). A foundation is likely open to corruption anyway.

  • What would be interesting is if it all got airdropped to holders with a longer locking up period as stake. Just to distribute it.

The conundrum is, what to do now. Perhaps more will come out after the March 6th meeting.