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RE: Steem Town Hall - Today in 1 hour
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.