Crypto is still immature - disabled witness, removed SteemWallet.apps, removed delegations

in #44443 months ago

Today crypto showed what it is. Some friends pulling the strings.

Two Major exchanges: Huobi and Binance decided to use customer funds to power up and start favour voting in the ongoing matter regarding the Steem chain and the last week announced temporarily freezing of Steemit Inc related accounts. Mind you, the amount they powered up will need 13 weeks of powerdown to become liquid again. Imagine if all Steem wanted to be withdrawn from exchanges, they could not even!

As a result now Steem, which used to be a decentralised chain, is run on most probably just one centralised node, which, mind you, can run 20 witnesses from one single computer, dedicating whatever happens with the chain next, without any healthy discussion or countervoting. Basically a dictatorial state, where any decision can just be made instantly.

At least softfork222 was the result a heavy discussion between about 50 key players, community members and long term steem users and investors. This move with Forck22.5 and centralisation of the Steem Chain is a power grab with some phone calls to befriended exchanges.

And that apparently is the state of Crypto in 2020. Call your friends, owners at exchanges and run the decentralised show. Is that the promise of decentralization?

Because I don't want to offer services for the Steem chain in the current state, i have removed the SteemWallet.app apps for iOs and Android from the Appstores. Coming days I will work on removing any other dapps I made in the past years. I will see how we morph the SteemWhale for coming year. And SteemFest... let's see, maybe we just do a nice great meetup reunion somewhere someplace.

Additionally, I have undelegated all my delegations to many great projects for the Steem chain. I am sorry.

I have disabled my witness and will work on disabling my nodes.

For future developments I have reactivated my node and witness. I am signalling 22.4444 (death of Steem as we knew it)

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Whatever version you run, please keep the option open for the community to vote for it

you can vote allright. vote for my witness if you want.

I will. This might not be the end, but rather a crossroads.

What a shit show.
Since the exchanges powered up Steem that they don't own and voted with it, does this not expose them to a boatload of lawsuits.

I've been wondering this, too. There's a lot here that seems illegal and criminal. I'm hoping for charges, not just lawsuits.

Thanks for turning your witness back on. Breathe man. Think about your next move. I can't hear any fat ladies singing yet. Game ON, Not over!

Welcome back to the top 20.

I don’t think it’s an issue anymore but if I had not had steemwallet I wouldn’t have been able to get into steempeak last night while all the now tron controlled nodes were down. I’ve gain a lot of respect for how well designed it is. Thank you.

You’ve got my vote @roelandp. As much of a sh*t show this has been, I am really impressed how we Steemians rallied together to do something I thought impossible. Thanks for all your hard work and efforts on this blockchain. !BEER !trdovoter !giphy witness

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