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RE: Steem Town Hall - Today in 1 hour

in #steem5 years ago

I understand all of your points, but still I have not been convinced that, like him or not, Justin Sun is the enemy here. He bought something, people basically nullified what he bought, then they threatened to make it worthless. Unless I see official documentation that Sun agreed to continue what Ned had, as far as I know, verbally stated, then JS is just as much a victim of Ned's scamming the community than the community is. In this case I think that it should be Ned that everyone is pissed at and it should be him with his feet to the fire.

What if it wasn't JS that they were talking about forking out of what he bought but it was ours. Not so many people would be so eager to allow such a fork.

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"I have not been convinced that, like him or not, Justin Sun is the enemy here."

If assuming control of Steem governance isn't enough evidence to grasp whether or not Sun is the enemy of decentralized governance, then nothing will be.

Corporations transfer controlling interest all the time, and the corporate liabilities have necessarily been transferred along with the equity. That's how it works, and how it has always worked. Stinc continually and consistently represented to investors that it's stake would not be used for governance, which it was not, and would be used for development, which it was.

Both their representations and their actions demonstrated to investors that this was the case. Tron's purchase of that corporation and stake does not change this corporate liability in the least, and it doesn't matter what @ned said or did. Tron may have legal grounds to pursue remedies from @ned - but we can't know, and have no business asking, since Tron has revealed those transactions are covered by NDAs, which preclude our being informed of such details.

That means there's no point in speculating about what @ned did or didn't do or say in regards to this transaction, and even less benefit in concluding without any evidence whatsoever other than the statements of the new owner of Stinc that has undertaken sole governance of our blockchain without being authorized by anything other than it's present stake to do so, that it's all @ned's fault.

Frankly, it doesn't matter, and I don't care. What matters is the law regarding corporate liability, and that has been established for centuries in ways that are relevant to our present exigency.

Tron is bound by those representations, because are now the company that made them, and that's the law. They bought those representations when they bought the stake they referred to.

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