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RE: Offer to Purchase Steemit.com for Custody of the Steem Community
Would you say the same thing about Bitcoin? I've heard that Bitcoin has no company. So, that appears to be a critical difference to the extent that Steem may depend on Steemit. But that is assuming that the Steem blockchain is not independent like Bitcoin is disconnected and independent of companies and exchanges and websites and apps. I don't know how hard forks are implemented on Bitcoin. I imagine that the miners vote on hard forks and that resulted in the forks of Bitcoin Cash, Bitcoin Gold, etc. Weku forked from Steem. Others have forked as well. So, we could fork from Tron just like Weku forked from us, assuming Weku did and I think they did.
While no company 'owns' BTC, the miners control it's transfer, and therefore exercise control. AXA has been pointed to as a controlling entity of BTC, and it is demonstrable that the day the future's market for BTC was initiated the crash of BTC value began.
Yes, BTC is presently centralized, and further, the exchages are chokepoints that enable legacy financial mechanisms to specifically target users that exchange BTC for fiat.
Absent decentralized exchanges, crypto is captive to legacy financial institutions. Absent nominal mechanisms to limit the ability of substantial stake to exercise governance, Steem remains subject to Sybil attack. These are just the facts I am aware of, and not what I advocate.