You know the witnesses have played the greed game and now its biting them back. I think this played out the way I expected. What kills me is how many people still think steem is decentralized.
Do you realize that steemit inc is a privately held company?Always was!
Most witnesses don't make a profit, but they believed in the blockchain principle that nobody has overall control. Justin subverted this by exploiting the exchanges. Maybe they shouldn't have blocked his stake, but he has betrayed the trust we put in Steemit with these actions.
Most witnesses dont do anything. Your right but it doesn't matter it all belongs to the PRC now. They don't understand law and most here are criminals. The behavior towards others here in words and deed shows exactly that. Steve your a great guy I hope you do well but this blockchain is ruined!
Well it amuses me to keep engaging with the community. I know a lot of these people well now and they matter more to me than Justin does. He's learning that he does not own us. Blockchains are designed to resist attack, but those with enough money are a danger. It's not dead yet.
Exactly why you are hearing from me now. Because I still care about the friends we have here.
I think this proves that the blockchains are only as honest as the people behind them and this proves its not looking good when it comes to infallibility. I think this proves to us that a complete outsider can destroy the beloved blockchain!
This is all an experiment and we are in uncharted territory. I'm interested to see where it goes. I'm not really losing anything by sticking with it for now. If nothing else we will have to work out how the communities can continue.