RE: Steem Town Hall - Today in 1 hour
It’s easy to join the fuck Justin parade. Easy to point fingers. Easy to get over emotional. Easy to make demands and fold you’re arms like a stubborn Trump. Easy to misconstrue, misconceive and latch on to the thing that feed your fears. Easy to troll and get off on instigating. Look at my Meme! Look at my Meme! I’m so funny!
It’s harder to step out of self, to see the opposing view. To care about your enemy and not make them a ‘thing’ or a ‘they’.
This community always has pitchforks at the ready. So many swinging cocks around, massaging there pointless man baby hard ons while clicking at a computer screen.
This whole fucking thing is a giant nothing burger that can be summed up quickly.
1.Man invests.
2.Small group of ‘leaders’ flex too quickly in the name of protection.
3.Investor reacts to secure investment.
4.Media shit storm with fake news on all sides.
Get out the popcorn... cause if some level headed voices dont step forward in these negotiations then the pooch is about to get screwed deep doggie style!
Regardless of your pejorative assertions, @justinsunsteemit purchased a specific asset which has specific capabilities and limitations. He cannot now simply pretend it is something else.
It is what it is, and as it's owner he is obligated to honor what it is.
In the run up to the launch of the public website during the mining process, Stinc, specifically @dantheman, said:
This was an obligation Stinc undertook to limit it's use of that stake, which as far as I know they met fully. Just as that obligation applied to the stake @justinsunsteemit purchased, other obligations also applied, and some of those obligations remain outstanding and currently unmet in full.
Those obligations Stinc remains liable to fulfill, and as the owner of Stinc, @justinsunsteemit and Tron are liable to fulfill them. If Tron did not do as I did and research the public statements made by Stinc and it's devs prior to their purchase that obligated Stinc to specific liabilities, that's on Sun and Tron. As I have repeatedly pointed out, all that would have required to do is an intern and a couple pots of coffee to undertake.
You'd think a billionaire could afford such a trifling cost to understand an asset he was considering purchasing. Regardless of whether Sun did due diligence or not, Stinc is what it is, and what it is remains obligated to investors that purchased Steem from it in reliance on it's representations. Sun owns Stinc, and is now obligated to fulfill those obligations.
That's simply corporate law.
I don't think that quoted statement says anything besides that STINC vested their stake, and therefore the stake is subject to power down rules, which at the time took 104 weeks to complete. The protocol change to 13 weeks power down later changed that timeframe.
We are looking for statements that commit to specific uses or lack thereof of the STINC STEEM & vests.
I agree the statement quoted isn't the droids we're looking for. I just used it as an example of obligations applicable to stake, and pointed out that obligation had been completely fulfilled.
That's what should happen to obligations, such as those that were undertaken to fund development with the founder's stake, which I have provided examples of elsewhere.
Stinc undertook those obligations with that stake in order to enable investors to be comfortable with Stinc holding that stake. Sun bought Stinc complete with those obligations, and if he doesn't honor them the investors that plunked down their money for Steem based on those representations that Sun is now liable to meet, they suffer financial injury, which is actionable at law.
I provided that example of obligations being met to illustrate the principle that such obligations are undertaken to enable investment. This shows that investors depend on fulfillment of obligations. This creates a contractual relationship between obligors and obligees. Sun needs to fulfill the obligations Stinc undertook, because Sun is now Stinc.
But Sun did not do anything with the Stake !
The witnesses made a hostile move without warning and without provocation, a sneak attack.
That is simply a fact.
Sun took over all consensus witness positions - which Stinc has long stated it's stake would not be used to do. All the witnesses intended (although IMHO they did more than they intended by preventing stake from being sold) was to prevent that exact thing.
Not a sneak attack. Simply holding Stinc to it's obligations it has long made to investors, because Stinc has a new owner they heard saying different things than the former owners did.
Edit: also, I posted after the 'sneak attack' and counseled against it. I said when the music starts, you dance with the partner you have. I also changed all my witness votes then too.
I'm not an advocate of pre-emptive attacks, but I wasn't consulted.
@valued-customer
Id say it is still up for debate if there is legality toward these promises made by Ned or steemit inc
But don’t get me wrong, I’m not judging the witness choice of soft fork. I recognize why it happened, if anything perhaps I find it hasty...but I get the why.
In the same way I get the why of Justin reaction.
For me this is a call out for reasonable voices at the negotiation table.
I just framed it in my own butt way🍑
A minority voice of reason and logic.. I didn't think anyone was left that understands the big boy world of merger acquisition finance.
You are doing exactly what you are saying people should avoid doing.
Maybe? Butt my name is Buttcoins... I’m not claiming to be reasonable.... I’m claiming to want calm and reasonable people at the negotiating table.
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Fair
Agreed!