When Trust Is Destroyed

It is obvious there is a bit of an issue with what is taking place with Steem right now. The ongoing battle for control of the Witness pool is making a mess of the entire situation. At this time, we are at a stalemate with both parties splitting the vote. There are some stakeholders who want this to continue to bring both sides to the table They are doing this by voting both sides at the same time.

The challenge I personally have is that a leopard does not change its spots. For this reason, the idea of trust goes out the window.

Certainly, the goal of the community is the present blockchain can be saved. I adhere to that idea. However, when it comes to Justin Sun, I find myself with complete distrust for the man and his intentions. Add in the speculation that is floating around that Ned is involved behind the scenes and that only furthers the distrust.

At this point, I do believe Sun will pull anything. Why he is willing to go to such lengths and what are his motives, I have no idea. To me, there seems to be some mixed messages.

Obviously, this is about money. That makes sense. If I dumped X dollars into STEEM, I would want to get a return. Oh wait, I, along with thousands of others, did just that. Yet, for many of us, it is about more than just money.

Source

It is also evident that Sun does not trust the community. Perhaps he never did, nor cared to. I think his initial tweet told the entire story. My view is his intention, from the start, was to collapse Steem by pulling all the applications (along with users) over to Tron and swap out STEEM for a token set up on Tron.

This does not set things off on solid footing. The Witnesses ensuing move upset many within the community as well as Sun himself. Then, to top it all off, three different exchanges were able to undo it by inserting themselves in governance. Regardless of what they claim now, they did it knowingly since a hard fork does not entail staking custodial tokens.

So where do we go from here?

At this point, at the top of Sun's agenda is the powering down of the frozen tokens. He wants to free up his own along with those same exchanges. It is obvious they were not aware of the 13 week power down time. Of course, maybe they knew and Sun told them he would change it. This does require a hard fork.

My distrust leads me to believe Sun is going to do whatever he can to free up that stake. He is continuing to buy STEEM and powering it up. I feel if he can get the super majority of the Witnesses, he will implement a hard fork in short order.

This could be a huge problem and cause a lot of damage to Steem. As those of us know who were around through those in the past, they are not easy to pull off. There are often challenges. And that is when the updates are tested and all exchanges made aware of what is taking place. Here, I foresee Sun just ramming it through having no regard for the exchanges outside the three malicious actors.

The biggest problem is that Sun, repeatedly, showed himself a proponent of centralization. This is very dangerous to me and goes against the tenets of the entire industry. Obviously, Sun is not the only one in this camp as there are many who are in the same vein. Therefore we must do all we can to resist it completely.

Reputation can mean a lot. While nobody is going to be liked by everyone, there are people who are respected by those who have differing opinions. We know the industry leaders and how they are viewed.

Sun, unfortunately, is not one of them, His actions repeatedly show us someone who is following an agenda that is not aligned with decentralization. It is easy to talk about but much harder to follow through on. In my view, Sun talk sa lot about it quite often but does little to exhibit this in his actions.

I can't speak for others but this is where I view things. DPOS and decentralization are all being tested. We will see how this all pans out over the next week or two.

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Posted via Steemleo