While immature, I can't say that crypto isn't full of drama.
As you will already know, Steem witnesses are stealing funds today, literally stealing. Essentially, they have chosen a series of large accounts and will transfer all of the Steem (about 7 million dollars worth currently) into a private account, owner unknown.
Their justification?
That the previous Steem witnesses who started Hive, stole millions of their ... ummm... no they didn't... they didn't steal shit.
The previous Steem witnesses did freeze the known Steemit Inc stake that then escalated into Steemit Inc forcing control of the blockchain by getting large exchanges to powerup customer funds and vote, but - nothing was destroyed, nothing was stolen.
At the start of the Hive blockchain, the ex-Steem witnesses chose not to airdrop a completely new token to those who partook in the centralization of the Steem blockchain, which destroyed the entire set of premises of the Steem blockchain, decentralization, immutability and ownership.
This last one is the most important of the three at this time, as what Hardfork 23 is going to do is steal Steem that belongs to accounts that have earned, bought and worked for their Steem in various ways. Some are ex-witnesses like, @roelandp, @pharesim and @gtg, some are private investors like @theycallmedan, some are developers like @howo - all are real people, all have worked hard for Steem since they started on the blockchain, some of them from when the blockchain started, with many of them being fundamental in the 4 year survival of the blockchain.
While Steemit Inc can try to FUD everyone claiming they don't know about this, as the single voter who controls the governance, they are liable - with the centralization of the blockchain by them they have created a security and, they are now sanctioning and supporting through their stake, the theft of privately held property.
Isn't this insanity?
Yes.
It is also pathetic.
13 weeks of powerdown and everyone could have gone their separate ways...
Taraz
[ Gen1: Hive ]
Just when you think the drama's winding up. I wonder if they'll go after Justin's Hive now. He moved a few million onto an exchange to get the drop didn't he?
I think he did yes - but I wonder if it has already been dumped a few weeks back when the price was dropped to 1000 sats or so?
It seems surreal doesn't it? Like a bad joke. Stealing millions of dollars from people just like that...because they can.
Surreal is a good term for it perhaps - mentally retarded another.
It is rumored that Sun has been investigated for financial crimes in China by the police. He currently lives in San Francisco. I predict that he will eventually have to set up shop in some third world country that he can bribe himself to tolerate him.
It is interesting that he was able to get a business bailout, isn't it?
Yes.
Like McAfee lol
McAfee backed down from eating his own cock, I think JS would gladly have gobble
Hahah yeah, no doubts there.
Maybe if he sincerely apologizes to John McAfee, he can put on a skirt and become his lady boyfriend.
I can't help but imagine Sun and Bubba sharing a cell.
Lets hope he comes to my neck of the woods.
@tarazkp Dude! It's ok and it doesn' matter.
Are their Hive coins safe? That's what matters.
Steem coins? No, they don't matter.
Their market value? Market value in what?
Stop considering FIAT as the base of everything.
1 HBD = 1 HBD, it was and it will.
Why do you care about centralized coins? If you truly believe in a decentralized network that is supposed to produce decentralized coins.
The users owned x number of coins and they still own the x number of coins. If you care about the market value, ok, but...
Be cool dude.. First of all, be clear about what do you value?
Because I still have 40,000 of them powering down there.
100 percent right and were made with blood and sweat and loads of sacrifice.
Great picture for the article. I think HF 23 is the beginning of the end. If someone else doubted, then after such an act, doubters will not remain.
Thanks, I took it last summer - it wasn't in the wild :D
Many will likely remain while there is value to do so - can't wait til my powerdown is complete.
It's weird they are so upset about not getting an airdrop on a new chain they really didn't want to participate in. Rather than act like they wanted the Hive, they just kept acting worse and worse.
The IRS has already clarified that airdrops are considered the creation of a new asset class and legacy wallet holders own it if they have control of it in their wallet. Since Hive never gave them control and made it clear this was the case, they do not own it. Plain and simple.
With Steem on the other hand, the freezing was bad, but simply escalation, what they are doing now is outright theft. They are all now hiding their involvement in the Steem blockchain. Thieves be thieving. It will be interesting to see it all recorded on the blockchain.
Participate no, dump yes. The same people who are witnesses there now have been raping the Steem pool for up to the last 4 years.
Yes, and at some point - someone will go to jail for it.
I don't believe it - internet memes... Justin Sun is a prick though :D
The only good thing about this theft is that Justin Sun appears to have remarkably incompetent lawyers. They advised him that it was okay to commit fraud and steal millions of dollars? Hopefully he retains these same lawyers as criminal defense lawyers for his trial.
It definitely does seem like direct theft in a legal sense, especially since they have centralized the chain and have full control of the voting stake to enact the fork.
Yeah it’s a load of shit what’s going on there and the poor people who chose Steem as the one they want are all blinded by ‘their coin’ allegiance. Talk about JS, which is a valid topic on how unhinged he is, and they shut down the dialogue. They can have it, guys running it into the ground while he goes to the bank to cash out his tokens that other people buy to support him.
Definitely is a farcical situation and JS must be loving it, as he gets out of a shit investment - and the exchanges don't care as long as there is volume.
@tarazkp I wonder if any in the blockchain community are starting to speak out against this move. It does go against the central tenets of freedom and personal autonomy, principles that most in the blockchain space hold dear.
quite a few, including:
Isn't the take away of this is to sell all tokens on Proof of Stake chains? I see Steem is going up. (What the Heck?) It's a good time to sell. Buy some Proof of Work coin where you identity is not tied to an address. I guess the Bitcoin could be used to block me from using my coins tied to my published addresses, but what about the change addresses? Not so easy.
At the end of the day, if someone really, really wants to influence the system and has the resources, it is possible.
Some crazy and shady shit happens in the world of crypto but this is pretty surprising.
snakes gotta slither..
I've been holding off powering down.. but now
holy effin' hell!
Regardless of what happened moments after the fork - the Steem witnesses proved beyond a shadow of doubt that they are willing to steal property from private accounts.