Why Demonize Justin Sun?
Towards the middle of January, my family's internet connection was cut. I used this time offline to reflect and study. Now I'm awaiting a technician, who has been delayed by the COVID-19 lockdown, to come out to the apartment and install a new phone line. Meanwhile, I'm slowly coming out of my internet hiatus using my wife's cellphone Hotspot, and finding a complete revolution in the world of Steem.
Many opinions are flying around, and the environment is hostile,to say the least. So I'm looking to go back in time and try to catch up on what I missed. I found this article Justin Sun Announces New Tron and Steemit Partnership in Push for Decentralized Social Networking and am left with the following curiosity:
If Steemit Inc was sold to the TRON Foundation, why is everyone demonizing Justin Sun? He's a Dynamic Aggressive entrepreneur, and is doing exactly what Dynamic Aggressives do. Is it Justin Sun who has done something to offend Steemians, or should the focus be on those who sold Steemit, knowing what Justin Sun intended to do with it?
Ned has a last laugh.😀
But Justin did not do the homework properly before doing this deal.
Yeah, I imagine he is definitely having a laugh laugh. I don't not know the full story with Ned's disagreements with how things were going on Steemit. I do not agree, however, that it was Justin Sun's responsibility to "do homework" on this situation. It was the responsibility of those making the deal with Sun to reveal the truth of the situation he was going to find himself in. Of course, that would not have been advantageous on the part of those who were "selling" Justin Sun the opportunity of a lifetime.
I think it's difficult to lay blame anywhere in particular.
From having read many many opinions about the deal, it seems very likely that Ned really didn't fully disclose what exactly was being sold, nor the details of previous agreements from back when Dan Larimer was still largely driving the project.
At the same time, someone as allegedly shrewd and aggressive as Justin Sun would be expected to exercise "due diligence" before entering a deal... and it seems like he didn't. Either that, or he did know precisely what he was getting into, and simply didn't care," which is the root of what offended many Steemians.
I'm not sure what happened with Dan Larimer or Ned Scott or Justin Sun, but the move to create HIVE was not the way to address this issue. The digital assets on the blockchain should not be used as leverage for the internal disputes and promises broken which were based on verbal agreements. This group is acting on there own, on behalf of millions of accounts. If they believe HIVE could be better than Steem, they should have started the blockchain from scratch. They have instead copied the intellectual property of millions of people for their own gain. Do you remember the Google Brain lawsuit when they wanted to copy all the books from public libraries? It did not finish well for them. This move by HIVE will fall under that legal precedent.