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RE: Hanes purchases Steemit Inc
I don't agree. If we are not allowed to defend ourselves from a clear takeover, what can we do? Why do you think it was wrong in the first place? If we didn't do anything, the chain would no longer be ours. Justin's actions clearly show he didn't have good intentions from the start.
Also, if what our witnesses did was illegal, why did Justin not just sue them as they were all well known, instead of attempting a clearly illegal takeover of the whole blockchain, and then blaming "hackers". Now he has not only lost the chance to use the law to his advantage, but any good will that might have been to his advantage on winning the hearts of the users (the lifeblood) of the blockchain.
Because it was an arbitrary restrictions of options to specific accounts. If they want to stop STINC accounts from voting for witnesses then stop everyone from voting for witnesses. If they does not pass the stink test then we should not have done it for specific accounts. There is EOS for that kind of shit.
Blocking everyone from voting is also the same as a coup.
I don't think the voting system is necessarily the best it could be, so yes, something should be done about it. But as long as there is a stalemate, nothing can be done.
A fork maybe.
But can we keep the name "Steem"? That's the question I have been pondering about. Did Justin buy the name?
That was my point with such an extreme example; yet in true decentrslized DPoS what is good for the goose should be good for the gander. There were probably other universal solutions that would have been just as productive as HF22.2 yet not as drastic as my example. If not then a genuine threat of a chain fork should have been presented to Mr. Sun which would be triggered if he used his Ninja Stake in governance; which in fact he did.
The Ninja Mined stake of STINC seems to have been a flaw in the project which only a chain fork can fix.
@null|Mr. Sun
P.S. Keeping the name STEEM will depend on the exchanges and if they will install the chain forked version. Traditionally they have not.
I still don't understand why Justin didn't just sue the witnesses instead of making a blatantly illegal move himself.
Do you know how many jurisdictions you would need to sue in? 😆
We have been shown twice now that on the DPoS blockchain that possession is ten tenths of the law.
He would have the money though. Were I a businessman of his caliber I wouldn't consider that a problem.