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RE: Justin Sun and Steem Power

in #steemi5 years ago

Yeah I think the 2 weeks is the problem there. I'm not sure it's quite 100m, there's around 66m proxied to @dev365, which is the big one, and then there's proxy token with like 6m more. I think huobi had around 30m that they powered up? I could be very wrong on the numbers, but I'm pretty sure it's that they have a limited total amount (probably somewhere between 100 and 200m), and if it doesn't go exactly as they want, they'll have legal liability for not cashing out their powered up. Or, in my opinion they should anyway because I think it's a breach of fiduciary, and also they might anyway because the fact that nobody tries to withdraw it doesn't change the implications of their actions. A lot of it is also how much of the value of the token is in the community that would leave if they HF'd it like that. At this point, I just want actual discussions, I get where ppl come at the SF from, but the response was extremely over the top. It wouldn't be okay normally, it's not suddenly ok now.

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