Check out this podcast by @steemleo.
https://www.stitcher.com/podcast/anchor-podcasts/khaleelkazi/e/67734725
Still in disbelief that major exchanges could be convinced to engage in this unethical hostile takeover.
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TBH stealing funds from Justin was also completely out of line imho. So we are now seeing two large forces fighting for dominance. This is very sad to see and destructive overall. I am not impressed with many witnesses tbh. Justin just bought 20M worth off steem and then it gets stolen from him, of course he is fighting back.
Taking over control by stealing customer funds and misusing them is horrible, but forking coins away or changing them to be a different coin is also really really bad.
But whichever side will win will get away with it.
This is nature and economics at its best. So interesting to watch.
I don't think the 0.22.2 soft fork was really stealing. These weere ill-gotten STEEM from the ninja-mine, that Steemit Inc had committed for platform development in writing for several years. STINC also indicated these tokens would not be used for voting. STINC is a corporation that's based in the U.S. that should be help to their promises.
The soft fork froze those funds until the community could ensure that these funds would remain non-voting. Yes, it was a big mistake to not enshrine the STINC promises in code sooner. Or to trust Ned.
But now we have a situation where the STINC stake is voting and unencumbered... so perhaps 0.22.2 did nothing besides create the battle. But this battle will be a defining an important characteristic of Steem going forward.
I'm just finding out about this all this and trying to make sense of it. Is there a more thorough summary and analysis you can point me to?
Some descriptions at various stages:
Thank you!!