How Much Danger Are We in?
Everyone can see that the difference between goodguy24 and ausbitbank ia 6396M vests.
But how many vests is a Steem coin? Well, I currently have 41,425 powered up Steem and 81,481,655 Vests, so one coin provides around 1967 vests. This means that Tron needs to power up more than 3.25 million coins to push a hardfork through. These numbers are pretty important.
What is happening?
We have the votes to retake this chain, but politics and decentralized arenas are a complex space. We are in the middle of a rock the vote campaign to boot Justin Sun off of the network and squash his extremely risky 51% attack. These things take time, but I think we have the votes to make it happen.
Binance is currently insolvent and hasn't even had time to power down even 1/13th of the money they attacked us with. The optics on this are terrible for them, and they're probably be worried Justin Sun will try to buy more Steem in bulk to continue this war. However, I think this is completely off the table. Binance is treading very carefully at this point.
Binance's Steem/BTC liquid market is the biggest by a huge margin. As we can see, there are only 1.1 million coins for sale, and buying them would push our value up 33%.
Add to this fact Binance is insolvent and only have around 5 million coins (from liquid Steemit accounts) sent to them when Sun centrailzed the platform and unfroze his accounts. Binance still needs 25 million more Steem to get powered down before they are fully solvent again.
Bitcoin Wildcard
There is also the matter of which direction the crypto market at large is going. If Bitcoin gains value during this critical time before the halving like I think it will (+80%) the value of Steem coins will also rise with the tide, making this hostile takeover that much more difficult.
https://steempeak.com/hive-101145/@sct/proxy-token-proxy-token-witness-voting-policy
Korean Community
The Steemhunt crew also seems to be split voting and creating somewhat of a filibuster. it looks like they could also end this. Such a crazy situation.
This is not a ploy to pump and dump Steem.
Justin Sun can see that we have the votes to win. He's not toying with us to bait us into powering up. This is a political process and takes a bit of time. His entire stake in the network hangs on the hope that we don't get our shit together.
He can still win.
But he is also in big trouble, not just with Steem but also the exchanges he made insolvent. Will he choose to double down and power up 3.25+ million more coins and try to push a very poor hardfork that might not even work? It looks even worse when Steemit Inc employees have joined the community.
I'm sure someone out there thinks this is all a staged event.
I don't. Justin Sun and the exchanges are getting railed in the court of public opinion. The optics on this political movement put them in the crosshairs of a legitimate grassroots revolution.
Unfortunately, the exchanges can attack again any time they want and change the votes here to push a hardfork through. Luckily, that hardfork isn't ready yet because all the Steemit devs that quit.
The problem is time.
We don't have the time to see if Mr. Tron is a good guy or a bad guy.
We have to choose, and choose now.
So which side of the fence shall we sit upon?
If that side become permanent.
My biggest concern is that STEEM actually forks.
And my guess is that Mr. Tron can get his STEEM-TRON onto all the exchanges. With STEEM being kicked off exchanges.
This was the big thing that Dan and whathisname did that was huge. Getting listed when in all reality no big exchange should have touched STEEM with a 12 foot pole.
He is not a good guy, he is not a bad guy, he is a business guy with lots of money who thought he could buy a community.
How deranged must you be to think you can buy people?
Posted via Steemleo
Rich people have people that surround them that will do anything they ask (for table scraps of that money).
So, it is very hard to not think you can't just buy people.
It is actually hard to find men who aren't bent by a large fortune.
It is exhausting, but oh so exciting...
Posted via Steemleo
I read a post yesterday from a user who has over 200,000 sp and they said they voted for 2 of our witnesses that we are all supporting but also goodguy24 to show good faith. I immediately thought it would be best that they remove their witness vote for goodguy24 and comment that. I'm not going to call that person out by name but I thought that sucked.
If they are writing a post about it, mentioning them by name isn't exactly "calling the out" they are already posting the info themselves.
It's not like they told you this info over the phone.
Posted via Steemleo
well @edicted and @metzli I commented on their post that they may consider there are some blind spots in their thinking and perhaps they should remove that vote until that witness proves their value to the blockchain. It was as nice as I could be
yeah it's crazy investors are willing to filibuster the chain at a time like this.
Everybody (except us crazy scrappy ride or die steemians) wants to be friends with a billionaire.
Posted via Steemleo
voting for the right witnesses can be the best solution to curb the current issues on the steem blockchain....@edicted
Posted via Steemleo
according to you,you said in ur last statement
"Unfortunately, the exchanges can attack again any time they want and change the votes here to push a hardfork through. Luckily, that hardfork isn't ready yet because all the Steemit devs that quit."....
I TOTALLY AGREE WITH THAT....@edicted all what you said is so correct...kudos to you....
Posted via Steemleo
so in other words we now have good witnesses and bad witnesses on the blockchain and we must exercise our rights to fish those bad witnesses out and make them irrelevant....
Posted via Steemleo
@edicted justin sun thought because he is wealthy then he can just come to the steem community and try to buy it off,i am sure by now he will have began to realize that the steem community is bigger than he thought....though i am not currently happy with the politics going on in the steem blockchain...
Posted via Steemleo
i still believe strongly that the "power belongs to the people"and justin sun can't defeat the community as a whole,or let me say that is an event that should not be happening in a blockchain like that of steem....
Posted via Steemleo
he just posted to all steem witnesses, "i will vote the ones that support me in top 20"
might attract some bad player, the risk is high
I can't deny that thought entered my head....lol