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RE: The calm before the storm

in #steem5 years ago (edited)

I am kind of surprised no one has sought injunctive relief, either from Sun or the exchanges, yet. Renders the commitment of the best heeled of those that claim to be opposing Sun's takeover less certain.

Something I note with considerable distaste is that IRL it is so common as to be ubiquitous that controlled opposition is posed so as to capture actual opposition movements. Since I have seen no one address such political manouvers, I did. This is a political event.

While there are economic factors involved, Steem is essentially a voluntarist government without a state. A moment's reflection on the political world should enable grasp of various polities that would be strongly opposed to success and growth of such a government. Rumors that the CCP is backing Sun should alarm Steemers in this vein.

I recommend folks standing in the breach, such as yourself, be familiar with 'The Art of War' by Sun Tzu. It's not a long read, and is particularly applicable in view of the Eighteenth Tenet:

"18. All warfare is based on deception."

Most of the relevant aspects of Steem, Stinc, Sun, and Tron are impacted by deception, and politics must be war, because it is entirely based on deception.

There are highly relevant passages regarding methodologies of deception that Sun is obviously undertaking presently. You might think it's silly to consider this ancient pamphlet about contests with pointy sticks useful regarding financial manouvers intent on control of a cryptocurrency blockchain platform, but it's people contesting for it and people haven't changed during the time between 'The Art of War' being published and today.

Peace

Edit: I noted @theycallmedan's tweets claiming Sun sought to sell him the founder's stake. He says he turned it down.

Why haven't ya'll bought it if this is true? Sun wouldn't have offered it to @theycallmedan if @theycallmedan didn't have nominal funds for Sun's offer. Clearly ya'll have nominal funds as a group.

Srsly bro, this definitely casts this takeover in a whole new light if @theycallmedan is telling the truth. It specifically points to ya'll deceiving the community regarding your opposition to the takeover if you could just buy the founder's stake and end the problem.

WTF?

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What Justin bought has no value to anyone but the original owners. It is not a stake you can just sell off for profit, it was promised for development, marketing, onboarding, and infrastructure. It is basically a gift card.

Imagine I promised someone I would spend $100 to complete a project. Then I go to a third party and offer to sell that $100. What value does it have if they have to honor the original commitments, who would buy $100 to just have to spend it on something that yields no ROI?

To Ned and the original Steemit, it had value as they can sell it to perform the promised 4 duties listed above, make some money on salaries. If those original commitments are to be honored, there is no incentive to buy it.

How and why would the community raise around $5M USD to buy it only to use it for those 4 duties. You are better off just funding those 4 duties without the burden of those commitments.

OMG this is the blockchain, supposed to put the promises in the code, or they mean nothing!! It's too late, time to move on and fork, or stay, either one, or both!! Good Luck!!

"You are better off just funding those 4 duties without the burden of those commitments."

Not that you're wrong, but that leaves Tron with between 1/5 and 1/3 of extant Steem. That's currently a problem, and while I sure can't do much about it, there's them as can, if they want to.

It is a big problem. The stake should have never been sold. There is no reason to buy that stake unless you plan on breaking all previous promises.

Corporations transfer assets and liabilities all the time, and I've not seen the documents relevant. The tweets and statements from @ned and Tron don't at all contradict your assumption @ned intended to break his word, but it's not possible to know WTF the actual conditions of the sale are.

Regardless of what @ned and Tron want, having them out of the picture would enable Steem to move on without their agendae hampering ours. I note the community as a whole, and probably some of it's users individually, has the wherewithal to make that happen.

You seem to find the idea of doing so inconceivable. I'm not saying I advocate doing this. I don't find the idea beyond considering, so I thought to consider it. You seem not to have actually given it consideration, and you may have a good reason for looking at it that way.

If you do, I'd like to hear it.

Justin said he can provide those sale documents but I doubt we would ever see them.

I have considered every scenario I can come up with and this is far from end game.

My recollection of what Sun said was that the documents prove he didn't know, but that NDAs prevent him revealing them, which leaves us without them.

I also noted Eli Powell stating that she discussed the witnesses predictable reaction with the Tron team, so am confident they weren't ignorant of those representations that affected Stinc and it's stake. I am thus confident Sun is lying about not knowing. If he didn't know his only recourse would be against @ned, and that's laughable for an accredited investor like Sun.

It's not over til it's over. You're right about that.

In the first meeting he never mentioned an NDA and said he has the documents he could show.