How Steem can survive...steemCreated with Sketch.

in hive-175254 •  4 years ago 

Currently we are in standstill waiting for exchanges to decide what is the best choice to protect funds of their users.

As a coin developer myself, I have had chance to live moments when I have had to decide whether to rewind the blockchain to fix something, or try to continue with the current chain.

For Steem to survive, creating of account @community321 must be reversed using modified daemon version and replaying of blockchain.

Any action that resulted in hostile response should also be reverted even though witness consensus was for allowing and applying the action on blockchain.

For all this to happen, we need @justinsunsteemit and all the top witnesses to agree that no more hostile actions should happen.

DISCLAIMER: This is my personal opinion, and might not reflect opinions of other users, conflicting opinions should and can be voiced in comments section of this post.

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Hostility in steem platform has happened since the early development. The most important thing for top up witness and developers to stop the hostility to make great effect to users like downvoting war.

It's just that the all the hostilities escalated when Justin Sun and his team tried to change too much in too short time.

In my personal opinion, the development stalled for long time before Justin Sun came in to the picture and after that there has been rapid development that unfortunately backfired.

I know Justin Sun came to picture after hard fork 22, so there was 21 hard forks before things really started to happen, but out of those 21 hard forks, a lot of them were dud (released prematurely) and had to be fixed afterwards.

Dear @mtl1979

It's just that the all the hostilities escalated when Justin Sun and his team tried to change too much in too short time.

I disagree. It's already quite obvious that HIVE chain has been almost ready to launch, even before Justin bought over Steemit Inc.

Justin never got a chance as an investor. All his decisions has been criticized, he has been insulted by many and even when he tried to reassure people, that he doesn't want to be part of governance and that he just want to make money - it also was turned against him.

Try to put yourself in his shoes. And remember that he is Chinese investor. He will think differently from us - westerners. If I were him, I would assume that first few blows came from old witnesses and that they are becoming a problem.

Let's not forget about it. Both sides are equally guilty here. Both traded many low blows. And trying to point out who started is just a propaganda. (no offence)

Yours, Piotr

My family is from border of Europe and Asia, my girlfriend is South Korean, main investors of my project are Chinese and Vietnamese, so I have a lot of knowledge how businesses are operated in Asia.

What comes to HIVE chain, it might have started out of frustration when people were unhappy about the development speed and direction, but it's no excuse to start spamming on Steem just to promote HIVE. I know there is some decent people behind HIVE too, but they are overshadowed by those people who recently acted like children on Steem.

I know there is some decent people behind HIVE too, but they are overshadowed by those people who recently acted like children on Steem.

You nailed it.

Fully agree with you @lebah

@tipu curate

Upvoted 👌 (Mana: 12/16 - need recharge?)

@mtl1979 first of all its nice to hear you are also a developer, current situation is very dicey , anything can be happen now. you are on discord server. i need to have a word with you.

I'm on Project Hope discord server... You can also find me on my coin's own Discord server.

@mtl1979 can you please add me as , I am trying to msg you but not able to do so.

I had direct messages disabled, because a lot of scammers were trying to send me direct messages.

What a short post @mtl1979 :))

As a coin developer myself,

I would love to hear more about it. Are you (or have you been) developing your own token?

For Steem to survive, creating of account @community321 must be reversed using modified daemon version and replaying of blockchain.

why is that necessary for steem to survive? I honesly think steem will survive and most likely move forward either way.

Yours, Piotr

My current project is Talleo (TLO)... When people hear the name and look it up, they always say it has low value and low activity level, but it was never about making profit, it was for learning about how cryptocurrencies work and also learning how to fix bugs other more experienced people have not managed to fix.

I think the intended use of @community321 account backfired when the funds were sent to Bittrex. It would have made more sense in my opinion to just burn the coins by sending to @null. Burning the coins would have increased value of Steem quite a lot.

Greetings appreciated @mtl1979.

You are absolutely right.
This would have been a masterpiece.

But perhaps increasing the value of Steem was not the intention this time. This also shows a lack of knowledge of the economy of the ecosystem.


Thank you for posting within our community.

Please spare few minutes and read how project.hope is organized and learn about our economy.

That would help you understand more our goals and how are we trying to achieve them. Hopefully you will join our community and become strong part of it :)

Do you use telegram or discord? I would gladly share with you goals of our community and introduce to others from our team.

Join our discord sever: https://discord.gg/uWMJTaW


Attentively;

Juan Molina, Project Hope Community's Co-founder.

I'm already on Project Hope's Discord server.

It doesn't really matter what was the intention of account @community321 as it backfired before it was even used for anything.

Cool.

Solid comment @juanmolina

check out my own reply. I wonder what do you think of my "suggested scenario":
https://steemit.com/hive-175254/@crypto.piotr/qb6za7

cheers, Piotr

Dear @mtl1979

I think the intended use of @community321 account backfired when the funds were sent to Bittrex.
It would have made more sense in my opinion to just burn the coins by sending to @null. Burning the coins would have increased value of Steem quite a lot.

I'm not so sure about it. That's definetly narrative many people like to believe. Especially on HIVE. People get exicted thinking that Justin "got robbed".

I would assume that it all has been planned and staged. And that most of those "silly forigners" have been played out like a kids.

Justin is Chinese and they seem to understand, that in order to control population you need to redirect peoples attention and bombard them with many contracticting informations. Ensuring that entire population will become "numb" towards important issues.

Imagine what would happen if those funds would be send to null. Value wouldn't really increase since neither demand or supply would be any different (and as a supply, I don't mean total supply - but the one that could possibly end up being dumped on the market).
People would be furious. They would focus their efforts on calling him a thief. Right?

At the same time right now he isn't in possession of those funds. It's harder to go after someone who doesn't have funds, which we would like to recover. At the same time those funds will most likely never be sent back to original owners. And attention of masses shifted elsewhere.

I think we're witnessing great piece of social engeenering here.

Yours, Piotr

At the same time right now he isn't in possession of those funds. It's harder to go after someone who doesn't have funds, which we would like to recover.

Oh, God!
It blew my mind!

This is really very possible.
It looks like an unorthodox option, but it might work.
Interesting theory.

Why would you choose Bittrex as the destination of the funds? Obviously using Binance or Poloniex would put him in evidence.

I wonder why the ancient witnesses celebrated the "recovery" of the funds if they had no part in it?

hi juan

It looks like an unorthodox option, but it might work.

It does look like something I would do. Basically all you need to do is to manipulate massed by redirecting their attention. One way or another. And this has been done very well.

I don't believe in this hack. Justin most likely can afford developers way better than previous ones. And let's not fool ourselfs - when it comes to cyber security China is way ahead of the rest of the world.

I wonder why the ancient witnesses celebrated the "recovery" of the funds if they had no part in it?

They indeed celebrated. But not recovery (since they cannot recover those funds). They celebrated because they choosed to believe that Justin got robbed and that Justin is a "fool". Which I'm not buying.

Cheers, Piotr

I know most of the stuff that has happened since HF22.1 has been staged like a bad movie.

Burning the coins would have made Steem more useful for people with less Steem Power including new users.

In my opinion, Proof-of-Stake consensus favors people with a lot of coins too much compared to people who are just trying to start using Steemit. Changing the reward curve and implementing minimum reward a while back made it even harder for new users to get any rewards. For them, Steemit is no better than blogging and social networking platforms that pay no rewards at all to anyone.

Hi @mtl1979

Burning the coins would have made Steem more useful for people with less Steem Power including new users.

I'm failing to see how would that be useful for anyone. Coins being burned or coins which "stuck" at some account - same effect.

Yours,
Piotr

Coins stuck in an account is recoverable as was already proved. When you burn the coins, it's final, it can't be reverted with code in the daemon without also replaying the block chain.