In defense of Steem property/assets

in #steem2 years ago

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We all know that Justin Sun has attacked Steem blockchain in collusion with exchanges like Binance, Huobi, and Poloniex. His justification for the hostile takeover was that he was defending his Steem stakes, his property. Centralizing a decentralized blockchain is a big taboo in the space. You just don't do that. If you do, you risk devaluing or losing your own assets. Rich and powerful don't always care about losing small portions of their fortune and reputation to satisfy their ego. This is one of the explanations that make sense to me why Justin would do what he did.

However, this was not the original attack. The hostile attack that put my and other Steemians' funds at risk started shortly Tron acquired Steemit Inc and immediately started spreading a narrative that they have purchased the entire Steem blockchain and were intending to migrate Steem to Tron blockchain. My initial reaction to that was this:

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I have always believed my assets on Steem were safe and secure. I have always said:

Nobody has control over my funds, such is the case for every user. Not Steemit Inc, not the witnesses, not the whales, not the banks, not the government. Nobody. Steem users are the ones who are in full control of their wallets.

The social media propaganda by Justin and Tron about their intentions to migrate Steem to Tron and conduct Token Swaps just because now they owned Steemit Inc didn't sit well with me and many others. I interpreted this narrative as a direct attack of my Steem assets, and for the first time, I felt my funds were not secure anymore.

While Justin claims he was trying to protect his property with a hostile takeover of the chain governance, he gives zero regards and consideration to the fact that he has been attacking my and others' property from the very beginning. I never had an interest in Tron. He didn't ask me if I want to migrate to Tron and swap my funds to Tron based tokens. Yet, it was clear that was their intention.

I hoped he would clear up all the confusion during his so-called AMA. The entire time Justin and Ned kept talking about irrelevant things, complementing each other, and not addressing the real concerns users like me had. Finally, when they saw the question regarding the Token Swaps, Justin said - "No token swaps, For Now." For now? I guess for now (then), my funds/property were safe.

Many shared the same concerns, and it seemed our assets/property were at risk. The top witnesses executed a temporary soft fork to protect user funds and keep the blockchain secure. At first, I was shocked by the drastic measure. But seeing how things unfolded, I am glad they had the courage to stand up for users and protect our Steem.

In conclusion, Justin was the one who attacked my property and continues to do so. I hope the witnesses will keep these Trons off my Steem.

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Justin was the one who attacked my property and continues to do so. I hope the witnesses will keep these Trons off my Steem.

True.. More delegated stake to the community elected witnesses 🥂

He didn't ask me if I want to migrate to Tron and swap my funds to Tron based tokens. Yet, it was clear that was their intention.

ME NEITHER!

The thing is, I genuinely believe that Justin Sun didn't know what he bought. I think he thought that he just bought another company that he now has total control over. And the fact that Justin Suns representative asked from the witnesses if they could have at least five "seats" or something in the top 20 witnesses group. He does not realize that that is not up for the witnesses to decide. Not entirely and not in the end when the "order" has restored as we have been hearing so many times. That is for the community to decide who are the top 20. But I think he just doesn't know. Or if I'm wrong and he does know, then this is just a hostile takeover and he wants us to be one of his trophies in his CV.

I agree

Best we can do to support our witnesses is going out and find them more votes.

Well at least you know now your funds are not save neither is your content. @paulag wrote about that months before Steemit inc was sold.

I have strong doubts this blockchain ever was decentralized. If it's about money, certain people fill their wallets it never is.

I wish you a great day..💕

Posted using Partiko Android

I sure hope all this is sorted out soon and we can continue being a happier community.

One thing is helpful to avoid such attack i.e showing unity and strength. I am glad that steemians showed unity and now we have 11 steemians real witness in top 20. Hats off to all of us who participated in this campaign. I am hopeful our unity will help to meet future challenges.

steem assets are very important, hopefully in this property will be able to develop steams better

This is a good article. Thank you. Voted and resteemed
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Look's like you do not like Justin. Did you really downvote him?

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