What the hell is going on here? Can anyone clear that up for me? :( Are every (good?!) people powering down STEEM now and leaving the blockchain? If yes: why?

I would appreciate a link or something to do some readings about this.

Thanks in advance guys! ♥
Have a nice day!

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pundito (65) · 5 years ago

Hi @xchng,
well, that would be a complete book to write.
In short:
Many people walk away from steem to hive because steem now is a centralized place run by one person (Justin Sun with his sockpuppet witnesses) with censorship and theft of stakes (23.6 million steem if I'm not wrong).

So most people move away from steem.

CU around!

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3 votes

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xchng (55) · 5 years ago

Hi @pundito,

thank you very much for your information mate!

Will keep an eye on this :)

Greetings and a wonderful weekend! ❤️

Peace

XCHNG

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pundito (65) · 5 years ago

You too have a wonderful weekend :)
Just read a bit like https://peakd.com/hive-181335/@lukestokes/wmjtrllk where @lukestokes made a great video and has some interesting links about the situation.
Or read this statement from a lawyer: https://peakd.com/hf23/@apshamilton/pro-bono-legal-opinion-for-victims-of-steem-hf23-and-bittrex
Please inform yourself about the latest development @xchng! Especially the statement from the lawyer says a lot!
It's important for everybody on the chain!!!

$0.02

2 votes

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lapingvino (6) · 5 years ago

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Reveal Comment

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xchng (55) · 5 years ago

Hi mate and thanks for your information!

First a question (you DO NOT need to answer on this, if you don't feel comfortable with it): Do you have a reputation of only "3", because of your opinion against STEEM and all of their actions, maybe? Just asking because you seem like a "professional account" from here and such a low rep is very unusual, isn't it? 😳

I already heard about the abusive use and the thing about the witnesses. But: I always thought that Justin intends to "rescue" STEEM, since here was a big censorship going on with an unfair curation-system? Hard for me too see through all these trees where the forest is lol

Thank you also very much for your help! Will try to see things as objective as I can :) Will take a look on this! Thanks!

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1 vote

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lapingvino (6) · 4 years ago

I used to have a reputation of about 47, which is now 48 on HIVE. I am as surprised as you are, afaik it comes from some recent downvoting on me trying to help people out to understand better what is happening. I don't really care.

Justin honestly needs a narrative. Looking at the facts it doesn't match up. I think the censorship people refer to is basically just minnow posts not really reaching much people, i.e. a discoverability problem. That is not censorship though. After Justin stepping in there is actual censorship happening though, that is really scary to see. The worst of that is that the posts involved are actually invisible. What I have seen a system is used where 1 day from posting the post remains visible, so people basically contradict censorship is happening in that time "because I can see the post", then it disappears. It's technically still on the chain, but to have it turn up you need to have the direct link to it, which you might be able to get through e.g. steemd.com. Most HIVE prime witnesses are censored like that.

Also, Justin focuses 100% on a social narrative, what most people are sensitive to. That is how the story keeps people supporting him, because they feel heard. I understand that need of people and actually on the HIVE side there is a lot of work going on to make people better heard etc so I kinda expect this to be solved over time. What Justin hides with this however is that 100% of the voting power that has the "community witnesses" in power comes from what used to be the ninja-mined stake, the Steemit Inc stake that was not meant to be used for voting. It is proxied through a puppet account, but the full voting power comes from him. To someone else (@heimindanger of d.tube fame, see my comments on his HIVE account) I described normal DPoS voting as the equivalent of e.g. an electoral college. Some people are more in charge of others, but a vote is going on for several people. Several people vote for a smaller group of people. Everyone technically participates, but the people with the bigger stake have more influence. This is by design.

What is difference on Steem in the current construction is that by engaging the ninja stake for voting, we have one person choosing everyone in charge by proxy. In governance terms this is a puppet state. If HIVE is an oligarchy, this is a dictatorship. You could still see this as a proper form of government, but just as much as for a government you wouldn't call this a democracy, the resulting chain is not a blockchain. This is a problem that hang over Steemit from the start and some ex-Steemit developers already wrote some code to possibly correct this problem, the work of whom has been used to prepare the HIVE fork. This is why Justin is so adamant to call that cutting out of the Steemit Inc stake a theft. If it had been left in the fork, he would be able to immediately do the same kind of hostile takeover. If the people who supported his puppet witnesses in the time up to the fork would not have been cut out, they would have wrecked so much havoc the first days of the fork that it would result in an immediate failure.

Sorry this comment got so long, I hope it explains enough to have you well updated about everything that happens, and to avoid possible censorship on my guerilla information actions maybe make a copy of this post if you want to show it to others...

$3.18

3 votes

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xchng (55) · 4 years ago

Wow thank you VERY much for this detailed explainaition! 😍 Will read it when I have some more time for it so I can process all the information correctly :P

Thanks! ❤️

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1 vote

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lapingvino (6) · 5 years ago

https://peakd.com/hf23/@apshamilton/pro-bono-legal-opinion-for-victims-of-steem-hf23-and-bittrex#@brianoflondon/re-apshamilton-qaqkkd Legal Advice about the situation agrees with me.

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