You are viewing a single comment's thread from:
RE: TRON vs. STEEM: Is The STEEM Community Already Speaking?
Hey, @bryan-imhoff.
Very true about the Tron 20. I guess I was noting that as they start to move, it's countered to some degree by whoever is voting up the human witnesses.
It's true, too, there is a wider spread being voted on than just the previous 20 witnesses. The question would be why do that, when it seems obvious that STEEM is in a predicament it's at least never been before that I know of, and it's such that the blockchain could cease to exist, or be forked, sooner than it might carry on as is.
The Koreans definitely have some pull here. I didn't realize it was that large.
I believe that as a proxy voting block several large Korean accounts control 6-7 million Steem Power. Just enough that they can swing the overall deadlock in interesting ways. I believe Sun is working to retake the top 20, but won't show his hand until he has a hard fork prepared to launch instantly. I don't think his development team is capable of delivering a safe fork in the near term, so my biggest fear is a bug that halts the chain for days if not weeks.
Okay. Proxy voting. I wasn't thinking along those lines since I don't do it but it makes definite sense.
No doubt Sun wants to retake the top 20—he needs to figure out a way to save face. He has all the markings of a win at all costs kind of guy. I think we're seeing that play out.
A bug halting the chain would not be good, but it wouldn't do him any favors, either. Without the STEEM engineers at Steemit, I wonder just how quickly they can even come up with something like that. If Binance actually does start a power down, maybe that can be diffused a little bit, too.