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RE: My Thoughts: Steem Witnesses meet with Justin Sun (1st contact)
Moving money will affect the witness standing (which I think is happening on their side, ours if from voting), I checked this morning and afternoon we have 7 witnesses, it would be healthy to move to ten each.
A follow on meeting should happen soon, a more level headed approach to resolve issues rather than point fingers.
Always two sides to every coin.
Agreed, I think ten each... so no-one feels threatened, and able to veto any hard-fork proposals. This way, talks can proceed with the feeling that one side will just stomp on the other!... However, I am a little worried that the exchanges aren't powering down!
Exchanges should never have got involved in this in the first place, boycott them and never use them again would be my advice.
If an exchange is using their power (being paid off) in this manner they are no longer doing their core business, how could anyone trust them! Let us see once this is settled what happens to their users.
Domino effect....
Agreed... but there is no real terms and conditions there... after all, however, I think people do store crypto there for easy trading and non-technical storage. I prefer to do otherwise... but I do leave small amounts there... and lots of small amounts add up!
However, the biggest problem was that it was at all possible... this points to a flaw in the current dPOS implementation... after all, if a large account (exchange or otherwise) can have that much of an influence, then it was NEVER decentralised to begin with! We were just naive and didn't notice....