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RE: Why I won’t be compromising with Justin Sun

in #steem4 years ago (edited)

So essentially you announce a steem fork.

Now to the golden question. How will the airdrop work? Do we get one new steem for each steem we have powered up or what? When will the snapshot be made?

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Formal announcement from group with snapshot date for airdrop will be announced tomorrow. This post today is just my personal statement.

Cool, thanks !

Alright @blocktrades, It's been "tomorrow" for almost 7 hours.... The suspense is killing me! lol.

Too bad our steem is locked in binance for the airdrop snapshot. Any recommendation?

Formal announcement from group with snapshot date for airdrop will be announced tomorrow.

Starting a new chain built on theft will not be great karma in my opinion.

https://steemit.com/steem/@novacadian/q7c831

There's no theft: Steem will still exist and so will those tokens. This is a voluntary movement by people who don't want to support the value of those tokens, when they were promised for development and people made decisions based on those promises.

This is one of the true wonders of blockchain technology: it allows people to freely associate, disassociate from those with differing principles, and reform as a group again, all on a voluntary basis. At the end of the day, the value of the coins on both chains will be determined by the values of the supporters of each coin.

@blocktrades Please take care of two things:

  • Make the new coin scarce. Much lesser supply than steem will look good.
  • Too much inflation is not good, make it reasonable.

Well an arbitrary decision is being made as to whose tokens will be brought over and whose will not. You are bringing more baggage with you. STINC was not the only Ninja Mined coins.

With your proposal @freedom will have more influence with witness placement than ever before and @berniesanders will be an ever bigger bully in the new pond to name but a few.

If you are learning from past mistakes of the DPoS experiment then my recommmendation would be to leave the old baggage behind. Perhaps start all existing accounts off at 500SPs.

It's your project so your call. It just has no interest to me to get rid of one bully and raise up others. A level playing field seems the way to go for true decentralization if that is your true goal. My guess it is not. Just have to wait to see the OpenSeed has to offer. Maybe the best of all chains by allowing one to come and go among all the splinters of the STEEM community.

If you are learning from past mistakes of the DPoS experiment then my recommmendation would be to leave the old baggage behind. Perhaps start all existing accounts off at 500SPs.

That sounds nice but it doesn't work as well. The new blockchain needs the financial support of some whales, else it fails. Because someone has to pay for equipment.

@blocktrades already said he is working on a better REP system. My guess is the the new chain as a "carbon copy" of the current STEEM DPoS implementation is just the start.

The implementation and even DPoS itself should evolve from there.

They already are aware that without further development it will fail. This very blog post says so.

Putting funds in the SPS system will eliminate the need for whales. In my opinion, the choice to bring the baggage is for self interests not anything as practical as you are suggesting.

@ned->@justinsumsteemit->@freedom

the choice to bring the baggage is for self interests

I have to be honest with you, as libertarian I do believe self interest to be a virtue.

If a social blockchain is created on self interest by its founders, then they need to implement a protocol in such a way that will benefit them. But to get that benefit, they need HUMAN users. The more users, the more benefit.

If you create a failed set of rules on that new social blockchain, well, they will harm their self-interests.

So I don't see an issue there. Either their develop a good social blockchain or a shitty product. Time will tell.

I myself prefer a social blockchain by @blocktrades than by @justinsunsteemit , but also already explained what I envision as an ideal protocol for a social blockchain (wont publish the link again).

But not everyone has resources to put theory into reality. I don't have enough resources to build an ideal (in my vision) social blockchain, so only can suggest others a couple of ideas and wish for their success.

Are you and my Mom dating again? :)

what about tokens held on binance? will binance support? or better to move to steem account for snapshot?

the big boys can get one, everyone with the username penderis gets x 10 because that is better and some of the people who know penderis and have less than 10k stake. Totally fair.

Sounds like a plan!