Since the hostile takeover of the STEEM blockchain (#SteemHostikeTakeOver), most of the talk surrounding it has focused on the business and financial aspects of the ongoing battle, which are significant (numerous laws have been broken and I don’t know how many customers have been defrauded but it’s numerous), but that’s not what I and others consider to be the most important point of view in this absurdity. This is the overthrow of a government.
The STEEM blockchain is owned by no one but anyone who stakes capital in it (becomes a member of the community) has the right to vote for 30 (of many) witnesses (representatives) who maintain the network the blockchain runs on.
When Justin Sun bought Steemit, inc. he only bought an app from the App Store, but he has proceeded to claim ownership of the whole shop. In order to do this he bought a large part of STEEM’s currency (confusingly named Steem), staked it, and set up a puppet government to replace the DEMOCRATICALLY ELECTED witnesses that were in place.
This may be the first time a government has fought for its sovereignty in cyberspace and the STEEM nation will eventually lose if we don’t get support. Sun has too many resources for us to fight long term as we are. We’re over a million strong but we’re up against giants. We need more people to get in this.
I urge everyone who reads this to consider staking $5-$10 in STEEM, joining our community, and voting for real community witnesses. Of course if you have more it would be help but more than money we need numbers. We need the world to take notice and realize that we have the tools to level the playing field and get in the game with us. And we need people who want to take an active role in building a future that works for everyone, not just the wealthy elite. We have an opportunity in this to make a statement loud and clear. The days of our institutions eating us alive are coming to an end. We created them to help us work together, not to work for. They have tipped the balance and made us slaves. Decentralized government and finance is the way we can free ourselves and set things right again.
Thanks for reading.
#steem #steemlives #SteemHostileTakeOver
