RE: Steemit Update
I can't speak for 20 witnesses. I have little doubt there will continue to be witnesses willing to sign blocks even if not necessarily all of the current ones. The list has changed over time anyway.
I know for the first time in 2.5 years (to my knowledge), some people have been seriously talking about a fork that would lock or erase the ninjamined steemit/founder stake because they are not convinced that Steemit as acting in good faith nor holding up its end of the social contract. It is disturbing that things have gotten so bad that is actually being considered.
It isn't something I'm in favor of at this point, but frankly Steemit seems to be doing its very best to push people toward that. I guess one might wonder if they have reasons to want it, or are really just THAT incompetent. I'm honestly not sure.
I've heard the word fork a lot recently also. I think it will just create a larger split.
Not sure I've seen a realistic proposal yet.
I think it is clear we should not have any expectation from SteemIt, Inc and move forward as if they are a large stakeholder.
A large (likely 50%+, but certainly at least 30%+) stakeholder who didn't buy in and doesn't contribute (sufficiently) is just a parasite who will not only dilute the good work of others but also depress the price for years with their continued selling. That doesn't strike me as realistic.
I'd likely just sell my stake for whatever I can salvage from it and move on to more promising projects if things don't turn around.
I'm very curious what you would consider a turnaround.
My impression is SteemIt Inc is doing what they know how to do.
If they knew how to do better they would.
It's just the way I see it. I am no longer holding out hope for better things when a live stream is too much of an expectation.
I think its possible they can hit some sort of stride in terms of development progress, particularly if they can follow through on the idea of not stretching too thin trying to do too much and just focus on the damn development.
It hasn't happened yet but I don't rule it out. There are some competent even brilliant developers there.
But no, I'm not holding my breath for it.
Okay, smaller focus better gains. I think I understand.
no you were originally right, Ned needs to donate Steemit as open source, not steem, let them work on the blockchain, And he needs to keep Steem but divest some. I suggest a kickstarter campaign for a buy out for everything in the originsal management team except for 10%, With a closed end dividend for 5 years
neither you or I or anyone has the authority to buy ned out. He has over a million liquid steem sitting in his account, if he wants to sell at fair market value, it's a quick and cheap transfer to any exchange.
@smooth Didn't you buy $22,000 worth of steem at these prices last week?
I transferred that much from a known exchange account to one of my accounts but I wouldn't read too much into it.
The Defendant is found NOT GUILTY.
Members of the Jury, this Court dismisses you and thanks you for a job well done.
This court is adjourned, All rise!!!
smiles
Thx for your answer smooth,
Good to know there is some real disturbance in the force, we can all feel that...
Time will tell, I will have your back if needed.
thumbsup
Likewise mate.
Maybe they can lower their share voluntarily..... do an airdrop to steemians.... especialy to the active ones
Hey @smooth, I would never tag you lightly, there is a meeting tomorrow regarding technology with and without SteemIt, Inc's influence.
I don't know if you ever do voice, but maybe at least chat with us?
Anyway, would love to hear your input.. https://steemit.com/steem/@pennsif/sosdailynewsallyouneedtoknowaboutthestateofsteem19december2018-5p50lpibkj