Because we are operating in extreme conditions caused by a hostile takeover, Steemit Inc. funds are actively being used to abuse the governance and we are at risk of even greater damage. We need to cut that cancer off, before it will inflict more damage to our home.
Sometimes you need to move fast, despite that you still don't have your favorite furniture or the walls painted well. We are moving in a hurry, but we will have infinite time to make our new home perfect.
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In this case, the best way out ...
Blow me. 😉
Best possible answer .
Here's to hoping things work out; I'm probably not qualified to really express the concern properly.
We got the steem blockchain to be hard forked away into hive; they are keeping the same 'score' brought to the new chain, meanwhile the 'copy' of the previous fork remains under Justin.
So, Justin will continue his goal to attempt to profitably suck the life out of this platform, but the tokens of value have been simply copied over.
I recognize this won't be a perfect analogy; isn't that something like being stakeholders in a bank, you don't like the new CEO and so you take the logs copy down what everyone owned and then setup a new bank across the street under the promise that they will maintain what they had, but they have both an account at the old bank and an account at the new bank, each with the same balance.
This effectively doubles the money supply, should that not create a devaluation of it?
How do you protect yourself from Justin presuming that he maintains ownership of the ledger?
Let's just say I'm cautious about this war being waged and the damage that Justin can still cause, even by attempting to fork him out of the equation.
He doesn't on Hive.
Keep in mind that this could be a temporary setback as Hive could have so much potential which could make up for deflation, devaluation.
Agreed! Seems that time is not on anyone's side when it comes to this specific dispute.
Agreed. Time is of the essence.
I don't really think there was a need to make the hivefork as transparent as a typical hardfork. The secrecy for the hivefork was much more justified than the softfork secrecy.
Both could be defended by pragmatism, which isn't really a good justification in and of itself.
I'm not concerned that the hivefork was developed in secret. But I do think the hivefork completely invalidates the legitimacy of the softfork.
If instead of spending 9 days wringing their hands planning the softfork, instead taking those 9 days to get ahead on the hivefork while simultaneously talking to Tron and getting no answers, the hivefork would have come along, perhaps sooner, with none of the ideological compromise of censorship.
Anyway, that's hindsight. Hive is here. I think they might have nailed it.
vlog about it