While my title might be clickbaity and dramatic, no less so than several things that have taken place recently..
Several interesting things have taken place in the last few days.
https://github.com/steemdev/steem/pull/1
A github issue appeared suggesting code has been written to for a hardfork to remove SteemIt, Inc's stake.
While I understand the desire, it seems short-sighted and also may be too late! As SteemIt, Inc is powering down 34,004,951 SP. In addition, many will struggle with ethical as well as operational problems with those plans.
Also, several apps that had large delegations yesterday, will find themselves without delegation today.
It will be interesting to hear if those applications were given any warning at all.
I don't understand Ned's lack of understanding in needing to communicate with App creators if you want new app creators to come in the future.
I really can't imagine who would build anything on this chain at this point.
I don't know if Ned is pulling a Nexit or not. I also do not know if it would be a bad thing if he did.
Maybe just speed up the process?
Toss in your best nexit memes in the comments.
This is good news, @ned is a responsible guy.
He stated he is securing his stake. That's the right thing todo, after some idiots attracted those dark web sewer rats and their following to the steem blockchain.
This is also a really great strategic move to secure future growth and development, take the role as market maker/taker with their stake on the exchanges. They partnered with some folks that know the tricks of that game. That way they can multiply their revenue streams, and give more room and breath to the community, and when they see fit, support them from the sidelines.
After all, the more millions are powered down, the percentage you receive for holding steempower as community member will jump to 3-5% ...
So keep powering up folks... we are doing fine...
LOL - you got me there! - when I first saw your comment I thought you were a real Ned supporter and nearly had a spasm :)
Haven't thought of this...
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Cleverly stated.
What if he is lying?
Ned isnt the sort of guy I just trust.
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Notice that opportunity lurks where responsibility has been abdicated.
Remember that what you do not yet know is more important than what you already know.
Yea..
Trusting has just become so hard.
That's why Im on a decentralized blockchain..
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@whatsup,
They plan something, sometimes it's might lead to have a new CEO, can't be?
Cheers~
I am where the memes are :-)
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How they expect us to react...
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Last one :-1
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Omg these are so perfect XD
Noice
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My face when I found out what was happening.
IF this is the real reason, WTF.
Storing liquid Steem on an exchange is more secure than having it powered up???
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It also didn't state that it will be put on exchanges.
Not explicitly, but what do these hint at:
https://steemd.com/tx/883315de425e47ea44601579976069eb5e424f18
https://steemd.com/tx/031e432c5cdc8b816bd8b83548068dafddec00c3
Exchanges! Woot!
Exactly, and what if the pull request on github simply another excuse they made up so that they can easily rush for powerdown and everything? How can we know? What do we know anyway.
SteemitInc just not some one I can easily trust now.
If they power down it will likely be a saving grace.
However, I agree. I do not trust them, it isn't a statement of thinking they are evil, it is a statement of them being flakey.
Steem loves to play "Guess the Worst Case Scenario!" Great party game...for suicide parties...
Don't you find it odd at all you are in a business relationship with someone that forces you to guess?
lol
Yeah, they suck at communication.
But at least we don't have to look at his ugly jacket again...yet.
Something important is going on. I just don't know if it is good or bad.
Interesting times.
Agree! We should guess positive first.
Where is @dan when we need him?
Talk about a turn around in fortunes,...
Thinking about how to build a Steemit on his eos
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Steemit doesnt own steem, but are they the only ones with github permission to merge code?
Fork
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Bring back @dan!
Dont know about that.
First people talk about decentralization.
Then people run after influencers.
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Lol, people are silly,...
His dad @stan and @blocktrades can come to the rescue.
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This is incorrect. A pull request was issued (to a mysterious fork which may exist just for that purpose) inappropriately as a means of making a feature request. There's no code to accomplish this behind it. The author appears to be hoping someone will show up to implement it.
In English: purely a publicity stunt.
There was no 'feature request'. An independent dev did in fact create a pull request on his own repo, but it was apparently done for discussion purposes, arguably what might be referred to as trolling.
That Steemit immediately responded to that with a knee jerk reaction of starting powering down all of their stake without even talking to anyone or considering whether such a fork were remotely likely or even possible speaks volumes.
Now to be honest I don't blame them for acting to protect their stake, however it would make little difference given a 13 week process to spend a little time assessing the situation before going off to the nuclear option of powering it all down.
I think it's likely they've been wanting to do this for months and this looked like a plausible excuse, assuming that there's any causal relationship at all.
That could be. It is interesting that ned did the same with his personal account long before any of this troll fork stuff.
Thanks for clearing that up.
Looks like we could have a tidal wave of price crashing. It's a good time to put some Fiat on the exchanges. I believe we can save this mess. There might be some really low prices in the future though.
We guessed something was up yesterday on Musing. just didn't know it would be that sudden. Huge votes were given out and it wasn't normal.I think they knew already or had been warned.
Personally I welcome this as it forces us to get our act together and move forward properly.
The migration over to RocksDB would allow RPC nodes (nodes that allow for remote procedure calls you can use to transact with the blockchain) to be run more cheaply. If STEEM gets really cheap, no money to run the full nodes would be the death of Steem. We know that Steem can survive a STEEM price of $0.07. If I knew the last full node weren't about to go offline any time soon, I'd buy a lot more at or slightly below that price point.
The chain is a lot bigger now than when STEEM last traded at $0.07. However, I do believe that full nodes can be run for a lot less money than Steemit spends on them and even if they do shut down their nodes that some of the third party apps with their own nodes would keep running (and indeed even so if their usage increased a lot). That is just my opinion though and may be wrong.
I didn't know all of that info. Thanks Markku,why don't you do a post along these lines for the ones that aren't aware.Understanding all the implications is very important.
That has been much better explained in the Blocktrades' proposal to implementit on behalf of Steemit Inc to Steemit Inc, for example.
https://steemit.com/blocktrades/@blocktrades/blocktrades-rocksdb-proposal-to-steemit
I'll buy ned's stake
I give Steemit Inc couple of days to respond. If no response put the hardfork into coding overdrive and prepare to active it(but even then it be iffy).
then the steem is already traded.
Not all of it, some of it.
Remember if we hardfork without an answer Steem won't be consider immutable
I do not agree.
In this case the community would defend itself and the network against an entity, which isnt just uncommunicative since years but also has way too much power because of a ninja mine..
So the steemit frontend will be more decentralized (steemit accounts to null, whats mean, no more influence), and the chain will be in the hands of witnesses.
Next to all of the mess and fud (and almost sure price-drop, when the liquid steem will arrive the exchanges, especially into the sell orders), it can be a good thing, right?
The creator stand down, and now its the turn of community.
I hope some millionaire will come to the rescue or even Kim Jong Un investing in STEEM.
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Am confused right now has to why this is happening?
There is a lot of confusion. I don't know why this is happening, but I find the "how" this is happening to be nearly unbelievable.
Yea.
Still hoping that there is something on the gsr.io thingy
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Money
The hard fork is another extreme that I believe is also not in the best interest in the short run so I guess more to come with all this. I do think that @ned is gone and they haven’t announced succession which is leading to these poor decisions. Maybe they have also sold their stake to another Company? I think the latter two would be great news considering the last three months!
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Is ned scott also Carlos matos from bitconnect? Has anyone ever seen them in the same room together? 🤔 the plot thickens
I knew it. That’s hilarious
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so much chaos already and test net is on the way
Sad really. The guy doesn't have a plan. He just flies by the seat of his pants.
It’s time to get drunk and start using Facebook again.
Locking the doors on this steemit scam and the worthless Steem
Ned! Ned! Come back Ned!
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Maybe @ned is pulling his stake away from steemit platform in other to finance a new project. But I still believe that even if he leave steemit will still remain relevant to all of us @whatsup
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May be he communicated with those apps ?
yes this is a business there will always be a problem to become big, whatever steps taken all have all the consequences
Actually for now, i am still a little bit confusing about that action been taken and i just hope it does not have a negative effect on steem, steemit.com and steemit at a whole
lol. what did I just read?
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