I Wish I Could Ethically Support Burning SteemIt, Inc's Stake
I Wish I Could Ethically Support Burning SteemIt, Inc's Stake
However, I believe that I do not have the right to harm or destroy someone else's assets no matter how disappointed or frustrated I am.
In addition, the ninja-mine was three years ago.
So, I can't support it.
That doesn't mean that I buy Ned's story that he feels threatened by the witnesses or the hardfork proposed by 1 person on the github to justify his power down.
I do not respect his decision to hide for several weeks and suddenly reemerge only after the fork was discussed.
I don't respect that during the time several other blockchains were funded, built and launched that we can't get SMTs.
I also believe if Ned had tried to build any sort of relationship with the community he would have a lot of support during these rough times. He has rarely shown interest working with the community however I don't think we can bully him into engaging, I don't think we would be satisfied with what we would get.
There have been bug fixes and moves towards scalability and that should be acknowledged. As well as the bear market further exasperating the current state of relations.
The trend is to make a post asking Ned to stop the Power Down, but it isn't up to me what Ned does with his stake.
At this point, I am not sure how we will fare during this battle, but I know that in my experience you can't bully or beg a skill set into a person and I am convinced the status quo is going to keep getting us the same. I know it's a huge amount of stake and we will not know if it comes back into new accounts to retain their controlling stake.
I also have to own my part in ignoring red flags, centralization and others who were voicing concerns while I was still hoping it would all work out. I accept the possible consequences and I realize for me they are small compared to many others.
However, I can't find it in myself to ask him to stop the power down.
Maybe the witnesses should have been quicker to declare they didn't take the fork seriously, but there is still a legitimate problem here that is being masked by talking about the wrong issues.
I have NO CONFIDENCE, but our system doesn't allow for any accountability that I can think of.
This was one of the hardest posts I've written because it is based on subjective, personal feelings about Ned's performance that can't be proven. So, consider it an OP and I know it isn't going to be a popular opinion.
I think you could sum it up with,
' neds a twat, but that doesn't justify robbing him' , would just about do it...
I didn't find it hard to write my comment, in the slightest, so don't stress it....
It's not based on subjective feelings.
Theft is an objective 'wrong' in the system that we live in today.
You certainly don't need me to chime in and validate what you're saying, @lucylin, but I do appreciate hearing more people say, that despite anything Ned had purportedly or actually done or not done, robbing him is wrong. The discussion needs to start there before it can possibly go anywhere else, and it has to be without conditions or demands. A little bit of polite asking wouldn't hurt, as some are doing. We don't want to get into full blown begging, though. :)
What I'm failing to understand is, don't we want Steemit Inc powering down their stake in some way? Now people are concerned about it coming back in all kinds of accounts, but that seems a little bothersome, and if Ned intended to vote up witnesses, he could have done it way before now. So, I don't know. There's more to the tale than's been divulged for any side, and frankly, I'm having a hard time trusting anyone in the thick of it. Objectivity, if it ever existed here, has flown the roost.
All issues need to start from the moral absolute of property rights...Starting with your own person, being your own property.
haha. I think the focus of right or wrong is obscuring the focus away from his lack of performance.
They are two completely and utterly separate subjects.
His 'twatiness', has nothing to do with stealing off him.
Anyone trying to conflate the two is just trying to find morale high ground for a justification of an immoral act...
'Conflaters' are twats to. (and a much more vicious breed of twat, I might add...)
' They're all twats', as you said so succinctly, previously!
lol... yep. Welp, I wish I had launched my Drama token before this all went down.
yeah, ultimately like Bitcoin doesn't need Satoshi, neither should Steem need Ned!!
Full Steem Ahead!! (the World's Cryptocurrency and Social Media Network)
There are no objective morals. Moral is what the group, the community, thinks is moral, and opinions will vary, as they will on what is theft and what is not. Absolutes only exist in doctrines, and not everybody subscribes to the same doctrine, a fact often overlooked by zealots who think they own some mythical universal truth.
Taking and burning the pre-mined Steem owned by a few could also be seen as self defense by the community against ill-gotten gains that threaten the value of the community's stake.
Mine are based on property rights. Period.
(If you think you don't own yourself i.e. you are your own property, well, that's not my fault!)
How much steem would there actually be, without steeminc? (serious question).
Property rights are an absolute.
I refuse to accept that I am not my own property.
Do you not accpet that as an absolute moral standard?
Prices decline, strong hands replace weak ones, prices rise. That's accountability. Unfortunately, it happens on the market's time scale, not ours. And the "prices decline" part tends to be somewhat painful.
And to be fair, a couple points:
All that is not to disagree with your larger point. From the outside, I agree that Steemit appears to be ineffective and haphazard, but I like to remember that there are also mitigating factors.
And I totally agree with your main point. If a fork attacks a stake-holder for being too big, that's a disastrous message to send to future investors.
I really appreciate this reasonable response. Thank you.
What you said is correct, i like aggroed amd what he has acheived but I dont agree about taking steemit incs steem.
Its simple, if a group of witmesses have the power to remove someones steem, then why the hell does steem exist because that is theft. Unless they are criminals the assets are theirs.
In the real world, a company can shut down or a ceo made to resign, no one steals there money as well even if they did a bad job because that is theft, end of.
@whatsup,
Burning STEEM, I agree, but stealing someone else's STEEM (No matter how they collect it at the beginning) I disagree!
Cheers~
@ned is holding STEEM down and holding STINC down as well...
More than lack of skills my reading is that it is @ned 's lack of interest in doing anything meaningful with STEEM blockchain...he has those well rehearsed 3-4 talking points that he keeps repeating.
BTC goes up thus STEEM will go up and I am outta here...well at-least reduce stake by 50%.
This is a tough one as we all knew (mostly) of their stake when coming here so it should not be an issues all of a sudden. While it was there for the development and progress of the blockchain and many may argue that given the underperformance, they should be held accountable. However, I believe they have felt it already as the price is down 90%. At the end, everyone needs skin in the game to move in their best interest. Another consideration is that Steemit is a corporation that has investors and a board kf directors. As CEO, Ned has a fiduciary responsibility to safeguard their assets of which Steem is one so if threatened, he needs to act. Whether the witness statements will help fuel or tame the fire is yet to be seen.
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@whatsup Read in someone's post (can't remember who's) that since they are powering down such a massive amount, that those holding Steem Power will now receive more "interest" (not really interest) every day with Ned's (Steemit inc's) SP now out of the way.
That and the recent boom of Steem Dapps could be the catalyst for the Steem's recent price run up.
What do you think?
I vividly remember how bored I was by the many post about the silliness of the pull request.
I don't think somebody just woke up a week later and thought this is a real threat.
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Hey @whatsup I have gone against the Popular Opinions all my Life. That's the Only Way to Get to the TRUTH...........
By voicing your mind and concerns about the frequent powering down of @ned stakes on the platform is also of a great concerns to many including me. I think by now they should be think about tooling out SMT full implementation and hardfork and scalability issues that needs to be address in other to boost the confidence of the community on the platform @whatsup