Justin Sun and The Steem Honey Badger

stellabelle (75) in savesteem • 5 years ago (edited)

View this post on Hive: Justin Sun and The Steem Honey Badger

5 years ago by stellabelle (75)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

Trending

[-]

novacadian (58) · 5 years ago (edited)

HF 22.2 did not have my support when it was first introduced into production. That said a lot of water has passed under the bloody bridge.

HF22.2 was not a solution. It was a gun being pointed. The escalations have shown that there is no putting this back in the box.

HF22.2 broke the trust of the blockchain, so we are only talking degrees of ethics when it comes to ownership at this point. It seems on the blockchain possession may be ten tenths of the law.

Send the Ninja Stake to @null. It is not a software solution yet it will tell anyone thinking of a hostile takeover what the cost could be.

Beyond the ethics there will be the breakdown in aspects of the network. That should be the focus and not trying to play games with rich kids.

@null|Mr. Sun

$0.00

4 votes

[-]

sgt-dan (61) · 5 years ago

At least it is a suggestion. I am just in a quandary. Boils down to me, and I have said it many times, better the devil you know.

$0.00

1 vote

[-]

valued-customer (67) · 5 years ago (edited)

I did not support the SF either, but that is not what broke anything. 22.2 was a symptom, not a cause. The sale of Stinc and @ned's stake preceded 22.2 and constituted proximate cause for 22.2.

For four years @ned, Stinc, @dantheman, and principals involved assured investors that the founder's stake was earmarked for development, and would not be used for governance. For four years those representations were followed, and investors relied on them. The sale reneged on those assurances, and Tron presently claims NO such restrictions apply to their assets.

Sadly, this is SEC bait, and Steem will suffer the consequences of @ned's failure to negotiate legal limitations on applications of stake sold to investors by parties that possess overwhelming majority stakes, and their duty to uphold their representations regarding use of that stake.

Again, I will reiterate here that all Steem was ninjamined. The founder's stake is not different from any other Steem in this regard, except that rewards based on inflation created new Steem since. There is not even any point in discussing the ninjamine, except that the founder's stake constitutes an overwhelming majority of stake, and thus subjects it to specific limitations.

Whether you bought your stake or not, that stake was ninjamined or created by inflating that ninjamined stake. All Steem was ninjamined. Sending ninjamined Steem to @null will either destroy all Steem extant, or simply be a pretense used to eliminate the founder's stake. Best reword that call to action IMHO.

$0.00

[-]

novacadian (58) · 5 years ago

For four years @ned, Stinc, @dantheman, and principals involved assured investors that the founder's stake was earmarked for development, and would not be used for governance.

If we are truly decentralized and consider ourselves outside of a central authority, then put the Ninja Stake down like a rabbit dog. @null|Mr. Sun

$0.00

1 vote

[-]

valued-customer (67) · 5 years ago

Please note that ALL STEEM was originally 'ninjamined' into existence. Thereafter the only Steem that has been created was via the rewards pool. Any demand to send all ninjamined stake to @null is a demand to send virtually all Steem to @null.

Please avoid using this language to refer to the founder's stake, as that is actually what you mean to refer to, and not all other stake that was ninjamined into existence, and upon which the Steem community is dependent, and cannot exist without.

$0.00

[-]

novacadian (58) · 5 years ago

Please avoid using this language to refer to the founder's stake, as that is actually what you mean to refer to, and not all other stake that was ninjamined into existence, and upon which the Steem community is dependent, and cannot exist without.

To be clear, the STEEM which was in the following wallets at the time of 22.2's deployment:

misterdelegation
steem
steemit
steemit2
steemitadmin

$0.00

[-]

valued-customer (67) · 5 years ago

I do know which Steem you meant to refer to. However, using the term ninjamine refers to all original Steem not generated by the rewards pool. There are folks that don't understand that.

Also, by making the mining of Steem an issue justifying forking off those accounts, you're making an argument for forking off every other whale on the platforms accounts. No point in making that argument at all.

The only reason the founder's stake is at issue is that the founder's repeatedly said they wouldn't use it for governance, and didn't, and also that it would be used for development, for which it was, until Tron bought it. That's the actual issue, and making that argument doesn't threaten anyone elses stake, because it doesn't apply to anyone elses stake.

$0.00

[-]

novacadian (58) · 5 years ago

I do know which Steem you meant to refer to. However, using the term ninjamine refers to all original Steem not generated by the rewards pool. There are folks that don't understand that.

Point well taken. 👍

$0.00

1 vote

[-]

trayan (62) · 5 years ago

What a good art cover :)))
I am LOL :D

$0.00

1 vote

[-]

diyhub (50) · 5 years ago

Thanks for sharing your creative and inspirational post!

This post got curated by our fellow curator @tibfox and you received a 100% upvote from our non-profit curation service!

Join the official DIYHub community on steem and show us more of your amazing work!

$0.00

1 vote

[-]

stellabelle (75) · 5 years ago

thanks a lot!

$0.00

[-]

valued-customer (67) · 5 years ago

I agree completely with your sentiments here. Long time no see BTW =)

I disagree with trifling details, but will not discuss them further to avoid fostering division.

The corruption of exchanges is a core issue revealed by this fiasco. Folks with assets should consider with utmost diligence how safu their assets are when exposed to exchanges. Regardless of Sun and Tron, in the wider consideration of what Steem has suffered to the crypto community is that decentralization is utterly integral to the security of our assets, and legacy mechanisms are endemically incapable of being trusted.

This failure of institutions to merit trust is the entire reason crypto exists. Folks that ignore this principle and rely on those institutions to transmit, exchange, and secure their assets deserve what they get. The use of their customers money to derange the security and governance of Steem absolutely proves the truth of the aphorism 'your keys, your crypto.'

Centralized institutions being involved in cryptocurrency transactions completely voids every principle that underlies cryptocurrency. Without dexes, crypto is just veiled fiat, subject to every ill of fractional reserve banking, corrupt government, and armed thugs.

Thanks!

$0.00

1 vote

[-]

stellabelle (75) · 5 years ago

i guess i should explain my absence,,,,, i felt that steem was dying....and I had high hopes for Voice, but now that i know what Voice is, well it doesn't appeal to me much. @juliakponsford is what brought me back, as i saw her art community. i've been wrong about a lot of stuff, but I try always to keep learning. maybe the justin sun fiasco is just what steem needed to awaken it from its long slumber. but i think it's safe to say, we now want him to leave.

$0.00

1 vote

[-]

valued-customer (67) · 5 years ago (edited)

Steem was dying. I was never much attracted to voice once I heard the intention to identify it's users. Once you make a list of folks, someone's going to use it to thin that herd IMHO.

I am glad you're back. You've always had a strong voice in this community, and I hope you'll raise it to rally our defense against Tron. You could well be right about this takeover. As you said, Steem was dying. When Sun tried to kill it off, we are all surprised at it's desperate struggle to live.

I am encouraged, because I have always seen something unique in Steem's proposition to combine free speech and crypto rewards for authors that potentiates free society in a way nothing else might. I want it to live, cast off it's financial shackles, a burden it bears for overlords, and set humanity free.

$0.00

1 vote

[-]

stellabelle (75) · 5 years ago

YEAH, with communities, as was supposed to be done long ago, i think it has a chance now. as long as overlords leave. I think it could really thrive, Ned has such horrible karma.....him being gone is gold.

$0.00

1 vote

[-]

valued-customer (67) · 5 years ago

Well, at least while @ned was here, he didn't take control of the witnesses, as Tron has. Frying pans and fires, and all that.

$0.00

[-]

stellabelle (75) · 5 years ago

yeah i guess Ned is really a child, while Justin is idk a complete psychopath, or megalomaniac...

$0.00

[-]

stellabelle (75) · 5 years ago

Edit: Poloniex wasn't a decentralized project.
Where is the edit button on Steempeak?

$0.00

[-]

bashadow (65) · 5 years ago

In the ellipsis menu drop down, the three dots after the resteem icon.
three dot menu.png

$0.00

1 vote

[-]

stellabelle (75) · 5 years ago

yeah ,i found it eventually, thanks!

$0.00

[-]

valued-customer (67) · 5 years ago

In the ellipsis below the text box.

$0.00

[-]

stellabelle (75) · 5 years ago

i first saw a gif by @traciyork on twitter and she gets the credit for the Steem honey badger title.

$0.00

[-]

frankbacon (65) · 5 years ago

Highly rEsteemed!

Frank Business card.png

$0.00

[-]

stellabelle (75) · 5 years ago

so much has changed, i am still trying to understand how communiites work. how do upvotes work in creative coin community? does each one now have their own token?

$0.00

1 vote

[-]

frankbacon (65) · 5 years ago

I think it's simple... and it should've remained simple rather than a bunch of wannabes spinning their BS to try and cover up for their inadequacies. This chain doesn't need Ned or Justin; especially since Ned never knew how to use it and Justin has really only 3 posts since buying into Ned's SCAM.

it's still a simple philosophy here as far as I'm concerned...

SteemON Bella!

$0.00

[-]

stellabelle (75) · 5 years ago

yeah, however, steem is not growing. your graphic shows the jumbled mess of steempeak, all the different apps, etc, when people just want something simple.....i think the emphasis should be on simplifying everything without sun or ned though

$0.00

1 vote

[-]

frankbacon (65) · 5 years ago

AGREED!

$0.00

1 vote