I know that supporters of the hardfork will say that Steemit, Inc. did not fund development to the extent that they fully own the ninjamined stake outright and that early investors and miners were mislead to believe that Steemit, Inc.'s stake was in some sense committed to the community.
Is there some way to show that an investor employing reasonable due diligence should have been aware of these commitments without being an insider?
From what I can tell, there's no mention of commitments that I could see on steem.io, as seen from archive.org. But it is useful to look at it this way because it leads to a bitcoin talk thread.
On the bitcoin talk thread (the one linked from steem.io on 2017-07-12, as seen from archive.org: https://bitcointalk.org/index.php?topic=1410943.0) it's clear that the blockchain had already relaunched (red flag #1) and that multiple OS builds were not being provided (red flag #2).
I assert that reasonable due diligence would conclude caveat emptor would be in full effect at this point, even if the investor has no intention of mining, e.g., only buying in on an exchange. I assert it was obviously an extreme risk, even by 2017 and after the roadmap was released, and that there were no reasonable expectations of any commitments.
The final message on that thread points to the next one (https://bitcointalk.org/index.php?topic=1466593.0). Same conclusion.
I would also assert that only insiders had direct knowledge of any credible commitments.
It doesn’t look like anyone either
Thank you for this info since this is part of the puzzle I was looking for and just happened upon it while looking through the regular Dtubes and found this one to be a little interesting.
thank you eaglespirit im glad you found this interesting!
Hey Inertia thank you for this. i joined steem after those early mining days. I can not judge what has been offered or what commitments been announced. but kind of like you describe it, the very moment you decide to invest money or time you should research the circumstances and terms. then either accept them or deny. after years complaining about a pre-mined stake makes no sense for me.