Liberty: The Fantabulous Emancipation of One Steem Blockchain
Flying in the face of Steem's original launch on Independence Day in 2016, Steem began the spiral to losing its independence when CEO and founder Ned Scott initiated the "Howey Handshake" with Justin Sun, promising the migration of the Token and ceding the stake which was mined supposedly for community benefit to the buyer without consulting the community or community governance. Two individuals conspired to move a community to a new chain without thought or consideration that all other apps, dapps, tools and libraries (over 400 in total) developed by community members would not be interoperable with Tron. Equally, no consideration was taken over the content which is self-sovereign to the authors and their rights and opinions of their content moving to a different chain.
Recently Steem became the Gaza Strip of crypto, with witness and stakeholders wrestling with Justin Sun (Tron) and his droid witness army for legitimate governance over the Steem blockchain.
Today marks a sad day for freedom, liberty and the greater crypto community, when three exchanges, Binance, Huobi and Poloniex, powered up user funds without authorisation to assist Justin Sun of Tron to insert his army of witnesses to take over the Steem chain after former witnesses and stakeholders after moved to block via soft fork, the voting and transfer rights of the Steemit stake under social contract for the development of the community.
Page 21 of the 2017 Roadmap highlights this https://steem.com/2017roadmap.pdf
Decentralizing Stake
The Steemit, Inc.-controlled primary account, @steemit, which holds approximately 41% of
the platform’s Steem Power, will be gradually divested of its holdings in an effort to increase
promotion and development of the platform and this distribution shall further the platform’s
security through decentralization of voting power.
Further social contracts exist for the non-consensus voting of witnesses using the ninja mined stake; witnesses and stakeholders petitioned Justin via Steemit MD and Tron representative, Roy Liu, in the Steemit Corporate Slack, to request of Justin Sun to voluntarily decline voting rights of those accounts in a show-of-faith to the community. These petitions fell on deaf ears and no response was given.
Seven days later, amidst fears from news reports of Justin Sun running Tron in a centralised fashion, coupled with zero response to the show-of-faith petition, Soft Fork 22.2 was launched.
https://steemit.com/steem/@softfork222/soft-fork-222
In the days ahead, Justin Sun placated the community by scheduling meetings to discuss the matter with witnesses, all the while planning to oust them in centralised fashion by replacing them with a Skynet of his own mindless NPC witnesses, voted in by his cronies at the aforementioned exchanges. This can be seen by the Steemd Block Explorer.
The Heart of a Community
Following the withdrawl of Binance's proxy vote after Binance CEO CZ back-peddled on Twitter saying that Binance does not wish to be involved in governance issues, the droid witnesses lost some ground, the Steem community has been scrambling to increase voting participation with former witnesses seeing record vote numbers and values pour in support throughout the day,
Appeal to the Greater Crypto Community
This appeal goes out to the crypto community to take up arms alongside the Steem community and fight centralisation, assist in powering up Steem stake and voting back the original Steem consensus governance, now in position 21 upwards running protest fork 22.4444 (Edit: some witnesses such as myself have reverted back to the 22.1 version label so as not to offend sympathetic Asian users) as per the above screenshot of witness ranking.
Exchanges should not be able to use their client's funds in a non-consensual manner for political voting, nor lock such funds up on a vesting schedule without permission.
The time to stand against centralisation and censorship is now! Vote for real witnesses:
https://steempeak.com/me/witnesses
One cannot simply sell a blockchain!
@thecryptodrive
Former Steem Consensus Witness
BuildTeam CEO
This is a 100% Burnpost!
Thanks for this! I hope that everyone will join in with this mission.
It also shows how witnesses cannot be so strongly determined by SP. This is something that must be fixed once we have control again... or if it becomes clear that it's time for Steem2.
100%, the current system is an Oligarchy, which can never be Decentralized. We must eliminate weighted stake voting on governance issues. Better yet, drop the witness set up all together, make each equal and have the community vote on governance and chain updates.
Yes and it is worse. We should listen just once to people who really understand their craft, like Buterin and establish a prediction-market instead of a voting market. When you bet on a proposal, then you get eliminated in the case your proposal was bad --> this creates evolutionary pressure which means that only good decision makers survive. Plutocracy = the same idiots on every single decision and hell yes this system right now is a plutocracy where oligarchs use tokens but don´t get punished. Using money = bad. Betting money = skin in the game = good.
Most of the stake is ninja-stake (nothing-at-stake attack) and centralized anyways. What is the difference between china man voting the top 20 witnesses and pumpkin-man voting the top 20 witnesses? ... there is none.
[this is the "decentralization"...lel...before china man]
horizontal bribe attack vs. vertical bribe attack
@thecryptodrive this post is informative,educating and interesting too.....thanks for sharing it....
Posted via Steemleo
Pleasure, thanks for your support!
i wonder how many of the exchanges realized they were locking funds.
If they realized they were locking funds, then it was by Mr. Tron's word that they would be unlocked, else they basically stopped being an exchange for STEEM, and are now have stolen all the STEEM.
The truth behind that will be seen shortly.
Which exchanges say, OMG we're sorry, that was bad, bad, bad, we will do what we can to fix it right now.
Yeah they probably didn't know.
This all was a coup. Nobody should replace democratically elected witnesses that way. I didn't even know such an arbitrary attitude was possible.
Sorry to tell you but Steem was never a democracy, nor supposed to be one. All "votes" are stake-weighed commitments. This is a plutocracy and what we are witnessing (sorry) is a whale war.
I wonder how 30 votes per stake do help to fight centralization? This rule leads to oligarchy and governance of the small group of cooperating individuals. 1 stake = 1 voice is fair. 1 stake = 30 voices is an abuse.
Agreed but we can't change that right now, we need to take back the chain first.
Agreed but we can't
Change that right now, we need to
Take back the chain first.
- thecryptodrive
I'm a bot. I detect haiku.
I have described steem blockchain designed vulnerability here in detail. In the first place, this exploit caused the current crisis.
I think that what we need now is a restoration of the status quo and negotiation on a leveled table.
I'll vote the 0.22.1 and others (.333 .404); I however cannot get behind 4444, which is racist against the Chinese.
I have brought up the removal of the 4444 symbolism with the others and will be removing from my witness soon.
Great in depth post. Time to fight or die.
Posted using Partiko Android
What the exchanges did is what Rothschild did.
:) :)
there is another who holds ninja mined stake and uses it to vote for witnesses.
Why do you not complain about that? Or is it you under yet another name?
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