Jeez I didn't know there were so many legal ramifications.
A huge hug from @amico! 🤗
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thanks for all #theycallmedan
Some good points in here. 🤔
Good point about the threat that if Tron had started voting witnesses, not to mention the threat of the effects of that alone but that it would turn Steem into a security and that would've created problems for everyone on the chain. They wouldn't have needed to do much more damage than that and still kept their "face" and pretended to accidentally have done so without knowing the repercussions in that example. Wonder what that means for the recent SR voting they did on Tron.
And yet these big accounts and witnesses are all going to the meeting with Justin Sun get their cut and he will take over. Regardless of where his stake came from. I am willing to bet that on March 7 there will be an uproar because of the things these great Steem protectors agreed on.
*sold to the lowest bidder, in this case.
Thanks, appreciate a (legal) point of view that wasn't offered to me so far. Learned something :-) Cheers.
Thanks for you opinion about this... you did address a lot of issues about the stake. As for justin, he did address that he wouldn't use his stake to vote for his "peeps" but he said the same with tron and just recently he did vote for 2 new super representatives. Let's see if he keeps his word. :)
I hope things are ok with your family, as you mentioned you'd been dealing with personal issues?
Family is so important, and there is much more important things than steem in life.
I agree that the ninja mine was shady, and understand why people were pissed about it from the beginning. Plus Ned selling out without a word is what it is... It seems integrity is a dying art.
Personally I think the Softfork shows the power, and strength of steems governance. Defence of the blockchain against fraud was necessary, which I discuss in my latest post. It seems like we agree on the need for the softfork in regards to worst case scenarios.
What a creepy dude that @ned is. Thanks for the video, Dan
Thanks a lot for explaining where that stake come from. I'm also supporting this soft fork and trusting witnesses is the only option we gave now. Steem is in their hands and they are doing something to save it. I hope all steemians will understand that.
One of the best explanations on the topic. Thanks.
What a creepy dude that @ned is. Thanks for the video, Dan
ROTFL witness supports the SF.
Twitter is synonymous for flinging poo and letting things get out of perspective. Thing is, this was a deal a year in the making when Sun first went for Samsung. He has had his eyes on Steemit for just as, (if not) long(er). I don't think he's as stupid as some people believe. He worked on Ripple/XRP. He funded his clone, TRON. Once he realizes what he is getting involved with, I wouldn't be surprised one bit if he abandons TRON altogether and brings DLive back to us. Bwahahahahaaa!
Thanks Dan! Great info for people like me that are not that familiar with the situation. And great having you here staying active to support the community!
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Must watch video to understand the subject better.
At this point, I really don't see how anybody could somehow think that the SF was anything other than crucial for the blockchain.
The founders of Steem made social contracts regarding use of their ninjamined stake, that are yet to be uphold.
If Steem wouldn't have these vast amount of stakeholders, nobody would bat an eye, whether the stake were to be sold. But, we do have many stakeholders and most of them insist about the social contracts being uphold.
Great Insight. 100% Support this views. Let's get to work!
Best video you ever made. I see both sides, @exyle makes good points as well in my opinion BUT.....a “social contract” can not just go away. Either Justin does not realize fully how the Steem blockchain works or Dan Misrepresenting the sale by telling Justin the coins were now his to do what ever he wanted with. In the end....I side with you and the witnesses because Justin does not own this chain, we all do. Justin can help us A LOT more than Ned ever dreamed of. Communication is key and thinking things through on both sides to a diplomatic resolution is a win for everyone. Good vid cuz.
Thanks Dan for distilling the dynamics of whats happening with Tron/Steemit fusion, the players behind it, the possible legal risks and why its so vitally to protect the governance of the Steem blockchain. A real service to the community..
Thank you for expressing your good opinion on the stake. We trust our Witnesses & their support to keep Steem on the move. We hope for softfork 0.22.2 to help Steem.
dear @theycallmedan , a lot information issues you disscussed i agreed with you, my dear brother @theycallmedan you are 100% true, @theycallmedan my good wish and pray for your family, as you mentioned in start of talk.
:) thank you for the details and Research : thumbsup
Please help me. You vote my post. https://steemit.com/steemit/@waihinoo/kroos-opens-up-on-transfer-talks-with-man-utd-and-liverpool
There are still several things that I don't understand about these new changes. But with this video I feel I learned more. Thank you!
First time I disagree with you. Yes, there are great reasons to do this, and I get your point for voting rights.
I even think that we should remove voting rights from the accounts that belong to exchanges.
The problem is not about voting rights, but about not allowing Justin to powerdown/sell his stake. It's just flat wrong. He bought it, and it's an investment. The whole point is to make a profit.
Saying the stake should be used for Steem's development is the most naïve thing ever. Even if it was a promise with Ned, the promise was broken when he sold the stake.
The way I see it is that Justin will spend his own money to improve Steem to get a good ROI on his stake, not use the stake to improve Steem for no benefit at all.
Now Justin owns it and he 100% should be able to powerdown. Even if it fucks up the plan for the negotiation, so be it, we fork.
I saw the owner for what they where 2 years ago. Shady, no real communication and a huge lack for action. Yet everyone called me an A hole. Oh well :) It's pretty easy to judge one character when you look at their actions instead of what they say.
Thank you for this explanation @theycallmedan. In the midst of all the foolishness I see "in here" far too often, it was helpful to me to listen to the historical perspective you have provided. In doing so, you have made it possible for us all to be a little (hopefully a lot!) more grounded in the Truth ...
If you are inclined to do so at some point, I would welcome your perspective on what to me is an essential business aspect of our Steem blockchain. Which Justin Sun presumably already knows about and has some plan for handling.
What is that?
How covering the cost of providing the servers hosting all of the text, images, videos, etc., upon which the blockchain is mission-critically dependent, is currently handled (wasn't the so-called ninja-mined stake sold monthly to pay these costs?). And, with whatever lessons have been learned from the past, how it should best be handled in the future? In this new "partnership" with Sun and TRON ...
If this has already been covered elsewhere, I would be very grateful for a link to it.
I really needed to hear your opinion in the midst of all the confusion. To avoid putting that stake at risk makes more sense than majority witnesses taking a random decision based just on fear of trusting what was going to happen with it. Now that this is clear i understand that it wasn't a decision taken without considering that the stake was never intended for voting and that it was to avoid a possible misuse of that stake. Therefore it was a wise decision? Whatever it is, it permeated across our blockchain that only a few could just nullify an account of simply freeze it. I strongly believe that Justin's attitude towards decentralization and his intentions are legit. Now everything makes so much more sense. Thank you so much for your take i this and i really enjoyed you analogies with a marine 😅. Awesome take. Totally agreed!
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Time and effort blogging IS money, this is a thought that I have had for a long time and with these issues, I am glad that it is finally part of the conversation. I think the witnesses are making lemonade out of lemons, stuck between a rock and a hard place.
What we have is truly unique and special so it makes sense to think that it is worth protecting. It rings true that this isn’t just locking someone out of their stake and I can only hope that we, as a consensus, stake based ecosystem, can spin it that way to the greater crypto community.
It is a tough message to express, but it makes sense since Steem has attracted many non-crypto investors through the years who deserve to experience some kind of decentralized digital reality.
Nice to hear your words and voice! I appreciate your opinions.
I am butt a floating plankton here on steem as in the real world. I kid myself not to promises of politicians or Ned’s hair.
The shaved ball sack of Justin Sun and Ned would be similar IMO, both wrinkled and capable of much smell. And thus i expect them both to conduct themselves to there own selfish, smelly ball sack contentment. A cock is a cock, do not be surprised by the doodle doo.
What a crazy situation. I hope it all goes well.
I hope this goes well, I really do.
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Man. It is confusing. Are we going to head into a hard fork?
Justin Sun bought with money but was robbed. And in excuses, you are a monster who has lost rationalism without a basic conscience.