What a short post @mtl1979 :))
As a coin developer myself,
I would love to hear more about it. Are you (or have you been) developing your own token?
For Steem to survive, creating of account @community321 must be reversed using modified daemon version and replaying of blockchain.
why is that necessary for steem to survive? I honesly think steem will survive and most likely move forward either way.
Yours, Piotr
My current project is Talleo (TLO)... When people hear the name and look it up, they always say it has low value and low activity level, but it was never about making profit, it was for learning about how cryptocurrencies work and also learning how to fix bugs other more experienced people have not managed to fix.
I think the intended use of @community321 account backfired when the funds were sent to Bittrex. It would have made more sense in my opinion to just burn the coins by sending to @null. Burning the coins would have increased value of Steem quite a lot.
Greetings appreciated @mtl1979.
You are absolutely right.
This would have been a masterpiece.
But perhaps increasing the value of Steem was not the intention this time. This also shows a lack of knowledge of the economy of the ecosystem.
Thank you for posting within our community.
Please spare few minutes and read how project.hope is organized and learn about our economy.
That would help you understand more our goals and how are we trying to achieve them. Hopefully you will join our community and become strong part of it :)
Do you use telegram or discord? I would gladly share with you goals of our community and introduce to others from our team.
Join our discord sever: https://discord.gg/uWMJTaW
Attentively;
Juan Molina, Project Hope Community's Co-founder.
I'm already on Project Hope's Discord server.
It doesn't really matter what was the intention of account @community321 as it backfired before it was even used for anything.
Cool.
Solid comment @juanmolina
check out my own reply. I wonder what do you think of my "suggested scenario":
https://steemit.com/hive-175254/@crypto.piotr/qb6za7
cheers, Piotr
Dear @mtl1979
I'm not so sure about it. That's definetly narrative many people like to believe. Especially on HIVE. People get exicted thinking that Justin "got robbed".
I would assume that it all has been planned and staged. And that most of those "silly forigners" have been played out like a kids.
Justin is Chinese and they seem to understand, that in order to control population you need to redirect peoples attention and bombard them with many contracticting informations. Ensuring that entire population will become "numb" towards important issues.
Imagine what would happen if those funds would be send to null. Value wouldn't really increase since neither demand or supply would be any different (and as a supply, I don't mean total supply - but the one that could possibly end up being dumped on the market).
People would be furious. They would focus their efforts on calling him a thief. Right?
At the same time right now he isn't in possession of those funds. It's harder to go after someone who doesn't have funds, which we would like to recover. At the same time those funds will most likely never be sent back to original owners. And attention of masses shifted elsewhere.
I think we're witnessing great piece of social engeenering here.
Yours, Piotr
Oh, God!
It blew my mind!
This is really very possible.
It looks like an unorthodox option, but it might work.
Interesting theory.
Why would you choose Bittrex as the destination of the funds? Obviously using Binance or Poloniex would put him in evidence.
I wonder why the ancient witnesses celebrated the "recovery" of the funds if they had no part in it?
hi juan
It does look like something I would do. Basically all you need to do is to manipulate massed by redirecting their attention. One way or another. And this has been done very well.
I don't believe in this hack. Justin most likely can afford developers way better than previous ones. And let's not fool ourselfs - when it comes to cyber security China is way ahead of the rest of the world.
They indeed celebrated. But not recovery (since they cannot recover those funds). They celebrated because they choosed to believe that Justin got robbed and that Justin is a "fool". Which I'm not buying.
Cheers, Piotr
I know most of the stuff that has happened since HF22.1 has been staged like a bad movie.
Burning the coins would have made Steem more useful for people with less Steem Power including new users.
In my opinion, Proof-of-Stake consensus favors people with a lot of coins too much compared to people who are just trying to start using Steemit. Changing the reward curve and implementing minimum reward a while back made it even harder for new users to get any rewards. For them, Steemit is no better than blogging and social networking platforms that pay no rewards at all to anyone.
Hi @mtl1979
I'm failing to see how would that be useful for anyone. Coins being burned or coins which "stuck" at some account - same effect.
Yours,
Piotr
Coins stuck in an account is recoverable as was already proved. When you burn the coins, it's final, it can't be reverted with code in the daemon without also replaying the block chain.