Regarding the Github Issue to Fork out SteemIt Inc.'s Stake..

in #steemitinc5 years ago

MY OPINION

If we could act as a board and vote "No Confidence".

I would totally vote "No Confidence" if we had such a function.

However, we don't.

I see forking them out an act of theft and I don't support it.

Having said that I'm done pretending that @ned is going to learn to communicate. Or suddenly figure out how to create SMTs or other projects in a reasonable time frame.

It is up to each person now to decide how to manage your investment and time.

I'm tired of listening to others talk about what Ned could or should do better. I choose to remove myself from that conversation.

MY UNSHILL

Since I have been a voice of support for the Steem Project, I feel a personal responsibility to now unshill.

My expectations of progress, change or growth are extremely low

If Bitcoin goes up or the Market heats up many will likely still make money.

Maybe what we have is already "Good Enough".

WHAT I AM DOING

I'm not putting new money in, nor am rushing to power down and sell.

I haven't invested more than I can afford and I can afford to hold for a bit.

No need to panic for me.

I hope SteemIt Inc goes ahead with their power down so whoever is left here can move forward without the weight of their stake.

I will continue to post, I guess what has changed is mostly my expectations.

@whatsup

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So a group of Steemians wants to make Steem-Cash? They can burn like Roger Ver's Bitcoin-Cash :)

I'll take whatever forked "Steem-Cash" I get and use it to buy OG - Steem, and then more Steem Monsters. :)

I don't believe that it would ever work the way you think. The fork is intended to create a version of STEEM where the Steemit Inc accounts would be owned by the entity that created the new fork. The problem is going to be who will support the fork. You need witnesses to run the nodes and you need front ends to interface with the blockchain. Likely one of the forks would die. Presumably the one that doesn't have the support or infrastructure. Even if both survived, where would you sell the new currency? No exchange would support it.

Thank you for this clarification. You've summarized it well.

@rogerkver is on STEEM too maybe he wants some piece of the pie too.

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I doubt it, he doesn't engage an audience on STEEM at all - last comment was over 6 months ago. I wouldn't enjoy such a large stake in the hands of someone who has forked the world's most major crypto-coin into something mildly "superior" (in terms of transaction time and fees) - but has only added confusion and "more wild-west" to the world of crypto.

As the other comenter has stated above - if it was forked, no one would want to back something like that - but it would be interesting at the same time to see what steemit-inc might do with their stake after its gone to an exchange.

I hope it gets sold. :)

It probably won't - but it would be a wonderful opportunity for everyone if it was sold.

Same here... I thought people understood that HFs suck !

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Interesting post, @whatsup. The other day when checking a following list it was no longer alphabetical. Thought it to just be an oversight on some Condenser code pull and opened an issue about it.

Got a reply about how it from @tibfox suggesting it was now time line based and how awesome it was; and then it dawned on me that they are nickle and diming their resources to such an extent that the cpu resources required to alphabeticize the list pulled from the chain has be nullified.

We must move away from STINC dependence ASAP. One of the witness team accounts (@blocktrades?) offered to move ahead with rocksDB HF development. It may be time to take them up on their offer.

After all the bullshit they have done, I know it sounds trivial but that mixed up followers list fucks me off more than anything else right now - I used to use it a lot and now it's utterly useless...

Head Mounted Toilet Paper Dispenser

  • I used to use it a lot and now it's utterly useless...

Yeah, me too. Looking for a good alternative in one of the dApps. Will post if something comes up.

FYI, it appears that the change happened in the recent Hivemind release which put a lot of things to disk that had been in RAM. One was the Follow/Followers List, so it is a resource saving move. On the plus side Hivemind is running on 64GB, so it looks like the 16GB rocksDB HF may become a reality afterall. The Follow Lists may be a sacrifice on the road to savimg this project.

Yep, but they aren't going to make that easy either.

@whatsup,
I don't think any of top 19 witnesses would agree to go for it! So far they acted with responsibility and will be!

Cheers~

I don't really understand what it all means for Steemit to fork out their stake. Are they forming something new with their removed Steem? Is this Ned sending his newly liberated coins into this new social media project that he spoke about ages ago?

I have no idea. And I'll probably remain to be ignorant. But I'll stick around and create my money via typing letters on my keyboard for some time to come. I haven't ever invested a cent into Steemit. So my stake is all my magically created unicorn money anyway. And it will remain that way.

There was a "Plot" to make a copy of steem and copy everything but steemit incs stake. I assume this copy would also want to carry forward with the name of Steem.

Anyway, I doubt it will happen. But felt it was important to state that I think it is theft.

Yet, I also wanted to acknowledge that I know why it has been suggested and I get it.

I wonder if Steemit Inc. has a lot of stake in accounts that we don't know about? It wouldn't be difficult to put Steem into lots of smaller accounts, so they would still have a stake in an alternative Steem. That's what I would do if there was this threat. Looking at Ned's account, hasn't he powered down and removed most of his Steem? I don't like the idea of a split, it has caused more harm than good for other coins. I'd rather see if Steemit Inc. can get their act together or if they need to be replaced.

I'm sure they hold other accounts. I think the key is to just not expect much from them. During the days Ned was missing, I saw a lot of people start to solve problems instead of waiting for ned to fix things.

Straight to the center as always! :)
Sadly that everything is still connected to bitcoin so much, but we could have a little part on our own with SMT... but lets see :)

where is the thrill in life if everything is smooth, on spot and predictive as a Sunday's lunch . :)

We don't have SMTs and I don't believe in SMTs.

Maybe this is rock bottom or maybe we will never know given how things have developed; the sure thing is that it is truly up to the community to rally together to make this what they want of it. Unfortunately, time is not on our side.

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Same

I stopped investing in steem for past few months and have explored other projects. That is to say i don't think it's dead but I don't have big expectations .

Mostly coz of immature ceo @ned

Entire Blockchains have been programmed and released while we wait for SMTs. We could over come that if we wanted to focus on retaining end users and we are doing neither.

He would be fired on a quarterly basis in any non crypto business ...

[email protected] expectations haven't changed and it is just business as usual.

I can't say what anyone should do. I can only say what I'm doing: powering up more SP and continuing post and comment and support the community with prizes for our contests. This is because I have made some strong connections with real people on Steem. This helps me stay focused and weather all storms.

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The SteemIt Inc and @ned has let everyone expectation down about steemit with their continuous powering down of their stake in steem. But maybe I still believe that the community here on steemit can still progress without them @whatsup

Time will tell. It would help a lot if the markets heat back up some.

I would disagree on you with that. From my observation, a majority of Steemians got caught with irrational exuberance during the 20k rally.

This market downturn has an emergent property of flushing out unsustainable low-performance project. Hoping it to get back up to save Steem is what we should avoid at all cost.

Steem (as a blockchain, steemit.inc is invisible to me) is a project with stellar idea but evidently poor execution. It's not to late to save it. We have the userbase, we have the dapps.

The less we rely on Steemit.inc, the better chance we have at actually finding a right direction.

You make an excellent point regarding sustainability and the flushing of the rif raf.

I agree we can not/should not count on them. But their stake and ownership of the development process is also a real challenge.

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