You are viewing a single comment's thread from:
RE: Statement from the @blockbrothers #2.
The exchanges have the voting power to initiate a fork for a quick powerdown anytime they want.
The exchanges have the voting power to initiate a fork for a quick powerdown anytime they want.
No. They have the stake, but they do not have the fork. I am confident they are dependent on Tron for that code. Also, it is notable that to possess the stake to tip the scales on governance, they must seize their customers money for their own use.
That is a clearly tortuous harm to their customers, and is probably a criminal act. IANAL, but my understanding of fiduciary responsibility is the basis for my statements here.
Whether it's a crime or not, anyone that sends Steem to exchanges presently deserves to lose it. The exchanges are provably taking it and using it for harm to the Steem blockchain, which harms Steem stakeholders.
A different perspective is the exchanges have responsibility to ensure safety of customer funds by remaining in voting position until frozen wallet issue can be resolved.
Except Sun isn't a customer, and they have no legal obligation to protect his funds. I suspect a court would not agree that exchanges had any business protecting Sun's funds. They should be protecting their customers, and instead they've granted Sun complete control of the very source of the funds those customers entrusted to them, by using those customers funds to fuck them, instead of Sun, because they like Sun, not want to fuck him.
I would wager Sun is a customer, and while you may not agree with it, being in position to overrule a fork that froze any of their customer funds is a reasonable position to take. I consistently hear the phrase "not your keys not your coins," and these actions are part and parcel of that philosophy, as exchanges are engaging in protective stewardship of coins within their purview.
Only if they favor that individual over the blockchain itself, and that demands they do due diligence and ascertain whether that action they are overturning by assuming complete control of blockchain governance isn't somehow prescribed by law or otherwise illegal or unethical.
Given the ignorance pled by CZ to date, that isn't what has happened.
This is just a brute force takeover of Steem by hostile actors, including Binance, and it's probably a criminal act for them to do so by seizing their customers funds and keeping them from their customers indefinitely, perhaps permanently, which is the definition of theft.
They are thieves, and you are supporting them in their depredations on the Steem community.
Fuck off.