RE: Meeting between Justin Sun, Korean Stakeholders, Steem Witnesses and Steem Foundation 12/03/2020
One of the points that came up in the discussion was about how Tron and co. believe that the exchanges should enable staking and voting on their own websites.
This is unacceptable and should never happen.
It's another way for the exchanges to exercise centralized power over the community blockchain.
It's simple, if you want to TRADE then send your tokens to an exchange.
If you want a SAY in COMMUNITY GOVERNANCE you need to have "SKIN IN THE GAME" and stake directly onchain.
They're suggesting a solution to a problem that is non-existent.
I have never heard a single person from the community request this feature.
It is completely made up as it allows for influence and power by exchanges.
CZ even tweeted that this would give Binance more influence.
More disinfo coming from these corporate zombies.
Interestingly, if we implement this vote feature, Binance users collectively will have, by far, the deciding vote. People who care may need to deposit to Binance to vote.
-CZ
GTFO !!
exactly my take on that topic.
It is the only way of token interest he knows, combined with massive shitdrops.
That was also why he wants to increase witness rewards. In his, externally staked world, returns are given for staking but those returns come from the SR's production. The SRs actually reward for voting for then.
In other words: bought votes. Which, of course, is interesting to traders (but wouldn't be with our low interest rate alone).
It is interesting, and absolutely scary too, that for someone operating an almost feeless chain as well... he seems totally oblivious to the need for engagement.