- Leave the current 13-week power down in play
RE: Community Vote - Express your opinion now
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Community Vote - Express your opinion now
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The exchanges rushed into a situation without fully understanding it.
I can't see how that is our problem.
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This!
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No special treatment!
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I say keep the 13 week powerdown.
Remember they are playing to win.
This was a HOSTILE ACT AGAINST STEEM! However we don't have to be dicks about it.
They, the exchanges made a strategic mistake while executing a HOSTILE TAKEOVER! Face it HOSTILE!
We don't need to apologize for that and we don't need to help them fix it.
And we don't need to be dicks about it either.
We just need say "sorry but no."
Then say "So what's next item on your list, Justin?"
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Oh ya I forgot to add.
When the exchanges buy the steem they need to satisfy customer withdrawals from the open market, the price of steem goes up!
When the internet sees we have successfully defended ourselves from a hostile takeover, the price of steem goes up.
We can only lose from here.
In other words.
We have already won.
We just need to hold the line.
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No compromise on the power down. The entire point of the power down period is to prevent the non-committed such as exchanges from being able to make these kinds of plays. 13 weeks powerdown is the smart contract they signed with their keys when they powered up.
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We are in this mess because of a one-off rule effecting an individual account of steem, ninja mined or not it was a one off solution, so no. No!!! No exception to the power down rules. Prior to steemit being sold, the promise was the next hard fork would be the SMT stand alone Hard Fork, and that is what should be done. We have seen in the past how changing to many parts of the code has not worked out. When you power steem up I believe all the wallets tell you there is a 13 week power down, if they did not read or did not understand it to bad.
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FOR NOW (since Justy likes this phrase)
Leave it at 13 weeks. A complete test of a hard fork can be built and tested, once Consensus Witnesses are in place.
I feel like the Exchanges are hold Steem Community, AND their own customers' assets hostage. What prohibits them from Powering down NOW? Why not start? ONCE a complete build happens, and it TESTED, Exchanges can always stop a power down, and restart. But no... why not POWER DOWN, now, and stop holding a sword over clients and Steem Community members, with an unspoken threat?
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I now have over 6,000 steem held hostage at binance.com, right now.
Day 2 of the Binance BANK RUN
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I am sorry.
Keep reminding them on Tiwtter daily. it seems to be affecting the narrative.
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Their choice, their problem
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The exchanges need to suck it up. They abused their standing to help out Justin. I hope his 30 pieces of silver keeps them happy for 13 weeks.
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F-that I'll keep the silver. They can have fiat.
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I vote 1. as it reduces the chance that the exchanges will do this again in the future. Although, they could just vote again now (in a couple of weeks to give Sun a chance to code a hardfork) and reduce the powerdown to allow themselves to get out. But once our witnesses regain consensus we need to fork to stop the exchanges from doing this again, if possible.
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1/13th every week gives them ample liquidity.
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Yeah, but it is not about liquidity even if he wants to make it appear like it.
The exchanges can buy all liquid steem on other exchanges if they have to fulfill customer withdrawals.
I think their only concern is that 32 Million steem might be somehow lost forever (by hacking or malicous actions by anyone (like some of the witnesses who have shown to be really butthurt)). If the steem is somehow lost, they can never get back customers' funds, because there is not enough liquid steem left. This might imply horrendous legal consequences as the powerup was illegal and losing customer funds in a voluntary and illegal action is probably their worst nightmare. Getting sued into bankruptcy is likely the biggest concern.
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I want to see all the snakes bankrupt and in prison.
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This.
They want out ASAP without repercussions.
A regular power down is the quickest, and easiest, way to do it!
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So it's a matter of trust in other words!
Or lack of it.
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yes 1. i was not sure if to subcomment or make a separate comment? anyways if massive amounts of steem can be liquid at once and sold then it may induce massive volatility to the steem price which will drain our assets.
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My vote goes to this one.
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They did something deeply wrong. We have no reason to let them off easy.
If they power down now, they’ll have 1/13th of the Steem back in a week.
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Exactly. The simplest an easiest solution, without any hassles.
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If the powered down already they would have had a reasonable amount of liquidity already! Why don’t the witnesses just give a written agreement that nothing will happen to their funds since that’s the argument they have now!
I feel Roys arguments were too sketchy! Tron Super reps rolled over, BitTorrent employees rolled over, so did dLive I’d rather they just take it by force which To be honest I think they will!
They’ll pay off some witnesses get this fork through and get their way this is all just talk they getting their way one way or another
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I agree. There is no need for us to take any action. It sucks that there is that much stake locked up of user funds but obviously the exchanges have no interest in that which also means they could not care less if they lose everything which will in the end get pinned on the witnesses for freezing assets.
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I don't think that they even understand the mechanics of a fucking power down! lol
(I'm serious,after listening to roy yesterday)
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Leave it at 13 weeks - that forces the exchanges to start their powerdown now instead of just holding out for a fork.
And maybe people should consider pulling all their coins from the offending exchanges, not just their steem, and launching a lawsuit. The entire crypto space keeps getting periodically ruined by dodgy exchanges, so if the steem community can take these ones down or at least ruin their reputations permanently, so much the better.
Edit: Just to add to my comment:
Binance has just applied for an operating licence from Singapore. See
https://www.bloomberg.com/news/articles/2020-02-16/binance-applied-for-singapore-s-new-crypto-license-ceo-says
I don't see why witnesses can't contact the Singaporean authorities and lodge objections to Binance getting it's licence. It's important for Binance to understand that if they pull dodgy stuff, there are painful consequences.
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Based on what the witnesses said programming and testing a HF would take longer anyway and rushing a HF is stupid.
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Ah, I see I have to vote here. I already commented, but here's where my vote is.
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Leave the 13-week power down as it is. Let them sort their own mess.
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they will not go bankrupt by Steem, let them learn their lesson
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