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RE: How Plagiarism Can End Steemit And What You Can Do About It

in #plagiarism8 years ago

//We are at the end of the day holding currency, and not shares in a company.//

maybe if we were just using steem and steem dollars. steem power though makes the whole thing different.

You don't hold a blockchain liable. you hold the currency liable and the company build on top of it.

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steem power though makes the whole thing different.

Steem Power is still just a currency, with an agreement to lock it in for a period of 2 years and ability to influence the blockchain. There is no implied ownership over the blockchain by holding it, or (I believe) any liability in the actions that are taken on the blockchain. I do see your point though. It is a gray area :)

You don't hold a blockchain liable

Yes, I do realize that :) .. It was more a rhetorical question, since the nature of this being run by a decentralized blockchain does leave a gap as far as who can be held liable for what happens.

you hold the currency liable and the company build on top of it.

Yes, this is where we will probably have to agree to disagree for now. I hold the position that the only company in the picture (Steemit Inc.) is not liable for what happens, and that having a stake in SP does not transfer liability of the blockhain's behavior onto the holders of SP either.

time will show tim :)