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RE: Justin Sun Conversation with Witnesses Is Online. @Ned Sold Out The Community - Failed to Disclose.

in #steem5 years ago

I was really surprised that Sun's team-member/confidant didn't know more about Steem and the workings of the chain. I figured Sun himself would be pretty clueless, but he doesn't have anyone around him who understands it either. Hopefully they get educated before the next meeting so they can actually agree/disagree to real proposals like removing voting authority for those accounts.

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It is a common tactic to respond to challenging information by alleging ignorance. I am not convinced @ned did not inform Tron of restrictions on the stake he sold. It will be necessary to see the purchase and sale agreement executed to ascertain the facts of the matter.

As I have pointed out elsewhere, due diligence Tron should have undertaken could have included an intern and a couple pots of coffee to sift through all Stinc posts that in any way referred to use of their stake. If they didn't do that, that's not @ned's fault, nor is it our concern.

Regardless, if you buy a car that goes 50MPH, you can't later go 60 in it. You bought the car that was sold, and Stinc sold stake that was constrained in certain ways that do prevent it from exercising governance, and simply being sold on exchanges for fiat. Insofar as Stinc is prevented from doing so, whether @justinsunsteemit or Tron did their due diligence or not, using that stake to exercise governance creates an actionable cause at law, and anyone harmed by that unlawful exercise of governance should join the class action to seek remedy for that harm.

I know that I have suffered extreme emotional damage as a result. Who's with me?

Ned and Justin most likely made a deal off the record. They both are likely planning to go to the grave with their secrets, their plans, if they can.

Or Justin knew better and is guilty of theft.