If you do not mind and you have some time, please do take some time of my narration of ninja stakes in a story form maybe you will understand clearer why the witnesses tried so hard to protect it.
Feel free to comment and ask questions, maybe it is time the community is more educated in this.
Thanks for the link to your story @littlenewthings I will read it later.
I am not completely ignorant of the politics of Steemit and Steem.
If someone can show me the illusive signed agreements that have been claimed I would be very happy. However that would still not give the witnesses involved in this hostility against Justin Sun a free pass.
If we look at the facts on the ground, when Sun took control of the top twenty witnesses (for a short time) I was seeing complaints that he did not even inderstand how to do the updates lol
This should let us all know he did not plan to take control of the top 20 witnesses. He was forced to take action to protect his Stake.
This situation is not helpful for anyone who cares about Steem. We will be reaping the negative consequences of this for a long time.
What should the witnesses have done? Waited and let this happend either way? They tried to get in contact with him, with no response x)
So they did what they felt was necessary to protect the chain :)
Keep in mind, it has a soft fork so he could vote for witnesses. He could still use it for delegations and other activities on the chain :)
Thanks for that @cwow2
where could i find verification that he still had access to the stake in question for the purposes of 'delegations and other activities on the chain'
I was under the impression that the Stake was frozen.
Softfork222 was after deliberate discussions implemented amongst a supermajority because:
The status quo about the Steemit stake had become more of a risk, since no contact was returned and answers were given.
Mixed PR publication from new Steemit Inc owners did not indicate they were going to honour the liabilities coming with the Steemit stake in question.
Softfork222 had always been earmarked as a temporarily measurement. It was a though decision to make.
In a softfork one cannot freeze accounts. The keys to the accounts are still valid and the account could certainly perform many of the operations of the steem blockchain software. For example the creation of new accounts was still possible. The operations blocked were carefully chosen to just maintain the status quo of the special stake and it's usage.
Then the majority of witnesses ran software which prevented certain operations for the given accounts to be executed. Mind you... anyone could unvote those witnesses at any given time and have other witnesses voted in who didn't run that specific version 22.2. But no, many more votes poured in on the witnesses running 22.2.
Then the 22.5 take over with customer funds via exchanges happened and 22.2 was undone.
I would like to to express my gratitude for your detailed and kind response.
I know this is a stressful time for many of us who care about the platform.
I really appreciate that you took the time for the reply, it speaks volumes about your good character
I listened to the @msp-waves / @mspwaves for 4 hours on monday, not sure if that live stream is out yet :D
I think they talked about it, I dont know if its in any article, but thats how I understood it.
The only threat was the voting of witness, him delegating for project or SPS wasn't a threat as far as I understand
No they were under no compulsion to freeze his Stake.
If you do not mind and you have some time, please do take some time of my narration of ninja stakes in a story form maybe you will understand clearer why the witnesses tried so hard to protect it.
Feel free to comment and ask questions, maybe it is time the community is more educated in this.
Thanks for the link to your story @littlenewthings I will read it later.
I am not completely ignorant of the politics of Steemit and Steem.
If someone can show me the illusive signed agreements that have been claimed I would be very happy. However that would still not give the witnesses involved in this hostility against Justin Sun a free pass.
If we look at the facts on the ground, when Sun took control of the top twenty witnesses (for a short time) I was seeing complaints that he did not even inderstand how to do the updates lol
This should let us all know he did not plan to take control of the top 20 witnesses. He was forced to take action to protect his Stake.
This situation is not helpful for anyone who cares about Steem. We will be reaping the negative consequences of this for a long time.
What should the witnesses have done? Waited and let this happend either way? They tried to get in contact with him, with no response x)
So they did what they felt was necessary to protect the chain :)
Keep in mind, it has a soft fork so he could vote for witnesses. He could still use it for delegations and other activities on the chain :)
Thanks for that @cwow2
where could i find verification that he still had access to the stake in question for the purposes of 'delegations and other activities on the chain'
I was under the impression that the Stake was frozen.
Dear @asimpleman.
Softfork222 was after deliberate discussions implemented amongst a supermajority because:
Softfork222 had always been earmarked as a temporarily measurement. It was a though decision to make.
In a softfork one cannot freeze accounts. The keys to the accounts are still valid and the account could certainly perform many of the operations of the steem blockchain software. For example the creation of new accounts was still possible. The operations blocked were carefully chosen to just maintain the status quo of the special stake and it's usage.
Then the majority of witnesses ran software which prevented certain operations for the given accounts to be executed. Mind you... anyone could unvote those witnesses at any given time and have other witnesses voted in who didn't run that specific version 22.2. But no, many more votes poured in on the witnesses running 22.2.
Then the 22.5 take over with customer funds via exchanges happened and 22.2 was undone.
Dear @roelandp
I would like to to express my gratitude for your detailed and kind response.
I know this is a stressful time for many of us who care about the platform.
I really appreciate that you took the time for the reply, it speaks volumes about your good character
I listened to the @msp-waves / @mspwaves for 4 hours on monday, not sure if that live stream is out yet :D
I think they talked about it, I dont know if its in any article, but thats how I understood it.
The only threat was the voting of witness, him delegating for project or SPS wasn't a threat as far as I understand
Agreed. Everyone acted emotionally, including Sun's retaliation. I wish everyone will take a step back and breathe.
Token Swap
So the ability to swap tron for Steem and Steem for tron (which I understand was being called an atomic swap? ) is a bad thing? why is that ?