A Line In The Sand: Bailing Out The Exchanges That Got Into Governance

in hive-100421 •  5 years ago 

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There is an ongoing discussion about how to start the process of breaking this stalemate with the Steem community and Tron.

In this video, I cover a line in the sand that I do not think should be crossed: the power down time. This is affecting those exchanges that colluded against the Steem community and they should pay the price for that.


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With the time two hard forks will take to safely pull off, it makes no sense! It is a longer, risky complicated way to go unless there are alterior motives. The quickest safest way is -as you mention- for the powered up accounts to begin power down!! Though it's not obvious they even know how to activate this function! 🤦‍♀️

But, Roy made a few things clear, Tron wants fast power down and Steem is nothing to them. It's not worth their time which they've already spent too much time in this mess. If i read between the lines, Roy says this quick power down is to rebuild relations with these exchanges which i cannot see why we'd want to engage with after who they've shown themselves to be, Tron really wants this for themselves so Sun can dump his coins. And, from what i understand Tron is not willing to offer Steem anything other than destroying the Steem chain and getting out as fast as they can.

It's pretty clear. There are no good intentions by Tron. They are 100% untrustable from their actions and communications. We will walk away from this holding hands. But, when we are far enough away from the fire we are likely going in a few different directions and Steemit will be no more. Roy also said the coding to do this proposed fast power down hard fork is already done. I find that super cocky & even harder to believe.

What a mess.

Posted via Steemleo

Thank you for keeping us up to date with everything going on as well as your personal insights.

Some folks may not have had the opportunity to have watched/listened to the Townhall due to work or whatever, so your sharing is really great!

I think a rushed hardfork is very risky... but the only compromise I’d offer is to apply the accelerated power down offer on Justin’s accounts instead. He can move millions of his personal Steem to the exchanges to create the needed liquidity that I’m sure he assured them he could provide via hardfork. Then it’s his choice whether or not to fulfill his word & obligations at the expense of reducing his witness voting influence.

I fully agree. We MUST NOT help bail out the exchanges.

sincerely the exchanges do not deserve the bail out,they should carry their cross....@taskmaster4450

Posted via Steemleo

Exchange's that criminally colluded should be shut down to save the integrity of Cryptocurrency 💯

Posted using Partiko Android

the recent issues that happened on the steem blockchain have shown that some exchanges can be easily bribed and do not have integrity and cannot be trusted....@taskmaster4450

Posted via Steemleo

i was dissapointed to see binance among the exchanges that were easily manipulated by justin sun...@taskmaster4450

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