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RE: Hanes purchases Steemit Inc
You are a blockchain advocate, yet don’t see the significance of soft fork 0.22.2? Even after 0.22.5 proved their concerns were right?
Don’t let Justin’s incompetence cloud your judgement. I am glad witnesses acted the way they did. They are there to protect the chain. That is exactly what they did.
Please explain how HF22.2 did anything other than piss off an egotistical rich kid?
I won’t bore you with my explanation. You probably made up your mind already. You may find this post more interesting than anything I could say:
https://steempeak.com/steem/@v4vapid/method-to-the-madness-vulture-capitalism-comes-to-the-blockchain
That is an interesting link. Granted there was some skimming on my part, and just so you know it does not please me that @ned sold STINC to Mr. Sun, but the only reference of what at least v. 22.2 was intended to do (let alone actually achieve) that could be found was the following:
Well that didn't work out so well. So, again, allow me to ask if you think anything was achieved by the installation of v. 22.2?
The intentions seem clear yet they say the road to Hell is paved with good intentions.
The intentions of the Softfork were achieved and really quickly. When @softfork222 was announced, most of us were caught off guard. My initial reaction was critical of the actions. Below is my first reaction and you can see more of my comments of in @softfork222 announcement page.
It is after more research and interactions I came to realizing it was the best thing witnesses could have done to protect the chain. It being a softfork the community/stakeholders could easily vote out those witnesses if they didn't like the actions. Quite the opposite happened. The community voted @timcliff out of consensus, since he wasn't running 0.22.2.
Moreover if you look at the SF announcement pages you will see 1110 upvotes with rewards of $193. That just shows the sentiment and reaction to the news.
To answer your question, what SF intended worked. I didn't even take hours for @justinsuntsteemit make this post:
https://steempeak.com/steemit/@justinsunsteemit/open-letter-to-steem-community
The post was positive, Justin didn't overreact and was willing to open up communication channels and talk to the community and witnesses. That is what everybody wanted. The community loved his response. That post received 1636 upvotes with rewards $247.42. Everybody was happy with how things were developing, there wasn't anything for anybody to worry about. If he followed through with what he planned in the post and didn't take hostile actions, we all would be celebrating today, his funds would be unfrozen, Steem heading to a brighter future.
Of course, what we all underestimated and didn't see coming were two things: how unstable Justin's decision making is, and most importantly how corrupt exchanges (binance, huobi, and poloniex) are. If exchanges didn't collude we wouldn't be in this situation.
Thanks for the longer reply. It did not bore me in the least. 😎
My original reaction to v. 22.2 was negative as well. It has remained so as it seemed to have achieved nothing in my opinion.
The trust of the chain has been broken and a rich bully is loose with enough stake to remind us of the weaknesses of DPoS. It is hard to imagine anything but a chain hard fork to resolve this issue and allow the space to take things back to the drawing boards. The OpenSeed and OpenLink projects sound interesting as explained by @andrarchy. Perhaps that will develop into something positive for DPoS because the pre-mined ninja stake of STINC has broken this kick at the can.
Initiated power down on this account tonight.
@null|Mr. Sun
✌️😎