RE: Vlog 459: A sad day for Steem — Steemit

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RE: Vlog 459: A sad day for Steem

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shanghaipreneur (70)in #exyle • 5 years ago

So is my STEEM worth more now due to the reduction of circulating supply?

Did these witnesses do this because Sun is Chinese?

Will they unfreeze it after Sun plays nice?

Now I know how ETC guys felt after The DAO Hack.

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5 years ago in #exyle by shanghaipreneur (70)

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bil.prag (68) 5 years ago

hate for chinese people is the main force for this

*(hope you get the sound of my vice)

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marki99 (54) 5 years ago

Supply is not reduced, Justin can't vote but he can sell the stake.

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exyle (79) 5 years ago

He can't power down his stake.

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marki99 (54) 5 years ago

I didn't understand this from the other posts. This is mindblowing.

I now go from against it to completely against it.

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shanghaipreneur (70) 5 years ago

Yeah, it's not a good look.

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exyle (79) 5 years ago

They will have to come to agreement to unfreeze. That will be interesting to see.

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oldtimer (75) 5 years ago

Very interesting indeed. And then what? When he starts power down, will they freeze the funds again?

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roelandp (74) 5 years ago

obviously this is not done because of racial backgrounds.
the circulating supply has not been altered.
whether the stake will be unfrozen depends on future talks and consensus. Let's see. If the witnesses were all paranoid and (for example) Tron is fine with having the stake (for example) be transferred to steem.dao for community projects, then all is good and decentralization wins the day!
this was not a hack. The code is submitted on an open-source public github account, run on several testnets with biggest participation rate of individuals on testnets seen since beginning of Steem development and then finally released and updated by a supermajority of witnesses, as can be seen in the utmost right column on https://steemd.com/witnesses

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