This is somehow how I perceive the issuing of Justin's demands:
The start of Justin's post is a simple statement of fact which contains at best a mistake and at worst a lie:
I am Justin Sun and I bought 70 million STEEM with my hard earned money. When I hodl them, I want to vote for witnesses with good hearts who truly care about our community. Also they have to be a true believer of the sanctity of private property and love our community!
Justin bought Steemit. Steemit owned some STEEM. That STEEM is not Justin's property and is encumbered by historical agreements that are not void.
Are you willing to believe the sanctity of private property or do you just want to take innocent people’s hard earned money under toxic “consensus”?
Encumbered property, caveat emptor, you should have done due diligence. Steemit's stake is not yours to vote with or do with as you wish.
Are you willing to shorten the SP power-down period to 3-7 days from the current period?
I was in favour of shortening it to 4 weeks. Now I'm not, 13 weeks is great. It's very obvious to anyone who has used Steem for more than a week that anything LESS than the payout period for posts will cause chaos and break the entire model of the chain. Repeated power ups, downs and votes will be rampant and bot-able and destroy everything that is good here.
I'm now firmly in favour of the power down staying fixed at 13 weeks.
The only proposal that could work is a VERY HEAVILY penalised quick power down, say 50% cost for a 3 day power down. Would you take that?
Are you willing to remove the down-voting policy of STEEM blockchain?
No, there needs to be a balance and check on bad behaviour.
Are you willing to introduce smart contracts into the STEEM block chain?
Yes
Are you willing to keep a good relationship with prestigious exchanges and increase our STEEM token value or do you just want to fuck them?
We had a great relationship with them until Justin Sun LIED, called dozens of people hackers and case a legitimate debate over governance and the property rights of Steemit as a nefarious attack. That screwed our relationships and I hope the exchanges affected sue Justin Sun.
Are you willing to protect the rights of the community members or do you just want to hurt and destroy those you disagree with?
Yes, but not idiots who do deals without checking first what they're buying.
7.Are you willing to support Steemit, Inc. in accomplishing their job to increase our token value or do you just want to stab them in the back for your own interest?
Dumb leading question.. but yes, support Steemit... yes... if it is run properly.
8.Are you willing to increase STEEM token value that benefits the whole community or do you only care about your own interest and don’t give a fuck about the real community?
Dumb leading question.
9.Are you willing to welcome new investors in the future and include everyone into our community or do you just want to fuck those new investors, freeze their investment and kick them out?
We haven't kicked out any smart investors acting in good faith.
10.Are you willing to always stick to the truth or will you just spread rumors to generate misunderstandings in the community and poison our community culture?
Another dumb leading question.
11.Do you like Justin Sun or you just want to fuck him?
He's not as inspiring now as he was when I hadn't paid close attention to what he actually does.
Why are you calling Justin’s purchased stake encumbered property? There is zero legal (meaning signed and witnessed by all involved parties in the presence of an attorney) basis for this whatsoever. None. Zilch. Nada.
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It could be considered to be a verbal contract, but even in that case, I think the encumbrance would lie on Ned, who is the one who made the promises. He certainly did not do them as an "official representative" of Steemit Inc, as that would have required formality, as you say.
Therefore, even in that case, the strings would be attached to the proceeds of the sale, and Ned should dedicate them to development. Justin just paid good money for his STEEM like every other investor.
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4 years of not voting is another very important part of the puzzle. This sets an expectation. All of this contribute to a contractual agreement especially as it is obvious this dramatically affects everyone who invests time, money or development effort into Steem.
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But that Steem did have a "freeze switch" coded into the chain, hence why it was relatively easy to activate. But I do agree we shouldn't have. The way Justin retaliated is pretty out there though and has put the whole chain in jeopardy.
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Contracts are not just pretty pieces of paper drafted by lawyers and signed in swanky offices.
Follow @apshamilton and you'll see more than I'll tap out here on my phone.
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So, are you saying it is OK for a corporation to lie to us because lawyers?
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Glad someone copied/pasted that, since he edited this post down to a meaningless platitude "for some reason".
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https://steemd.com/tx/546471d9d0eafc22a1291a8c92cf4f1ac00d610e
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