I personally consider that all public blockchains must have three qualities
- Trustless
- Immutable
- Verifiable
Anybody can verify what is going on with STEEM. But the trustlessness is broken because a single entity is taken over 51% of the witnesses and immutability of asset ownership is a thing of a foregone era after HF 23. They are now doing another fork (0.23.1 IIRC) to limit the activities of @community321
They are also breaking the immutability by censoring accounts and stealing funds.
All I'm hoping for is Bittrex to stand up for the same things blockchains stand up for and do the right thing by returning funds to the owner. The issue is Steemit Inc might censor those again. Funds will have to be converted to HIVE and sent for the accounts on HIVE blockchain. If that doesn't happen, I at least want to see the funds get burnt instead of seeing them ending in the hands of Justin Sun's sock puppets.
Thanks for the response.