All Steem, and by extension Hive, is ninjamine. No tokens other than those mined were created except through the rewards pool.
The SF was nothing to do with how tokens originated. It was targeted to all tokens the founders stated were for development, and had used for that purpose.
Sun Yuchen had just used stake on Tron exactly as witnesses feared he would use that stake acquired from @ned. He had vowed not to use it for governance purposes on Tron, because of the exact same reason - it was genesis stake.
There is a singular difference between the founders stake and all the other stake that exists, and that is the representations made by Stinc and it's principals that it would not be used for governance, and had not been so used for years at the time of the sale.
These representations were relied on by investors and users of the blockchains, and the sudden application of that stake to governance would dramatically reduce the value of investments made that had relied on it's not applying to governance.
That reduction in value is apparent in the comments and posts since that stake has been used to seize total control of governance dismayed at that event, and deriding it with vehemence.
tl;dr if you fork out all ninjamined stake, all that's left is inflation, and those tokens that have been created by being paid to ninjamined stakehodlers as rewards.
The SF was to prevent the use of stake that Stinc had represented as not going to be used for governance, and had nothing to do with the mining origin of all stake - every bit of it except what has been created as rewards.
Thanks for clearing that up.
So, what if you "forked-out" all the stake that had been sitting in the same account for the same time period as the "ned-stake"?
Would you consider that "fair"?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't have any idea what you mean by this.
I don't really think much matters anymore about what stake is forked and what is 'sacred'. DPoS is simply the golden rule: who has the gold rules. On Steem that's now Sun Yuchen, applying the founders stake for that purpose. On Hive it's the old oligarchy @ned refrained from interfering with, because on this fork the founders stake is folded into the HPS.
That leaves the lesser players to @ned now completely in charge, instead of being lesser anymore.
None of the struggles over governance really matter, because the total market cap of all crypto is a trivial sum for myriad parties extant, and Sun Yuchen can be bought and sold for lunch money - as Warren Buffet proved.
Steem and Hive are only as decentralized and censorship resistant as folks with enough money to buy them decide they are, and that means they're not decentralized at all, but get allowed to play at it by their betters. I am resolved to enjoy the ability to speak my mind while I'm permitted it, and to seek other venues in the event these close.
That's really all we can do.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No kidding.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit