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RE: What is Steemit Inc Telling Us With This Power Down?
This is certainly one of the best explanations of the things that are happening, thx for that. As much as i share your disappointmant and anger with Ned and Steemit, that Pull request as well is kind of a threat to the nature of blockchain, and ties into what many critiques argument against DPOS. It mirrors a bit what happened with BTCABCSV, where a few big players disrupt the whole eco-system for their own personal interests.
I don't think you can compare forking Steem (because it's heinously centralized) to a Bitcoin fork. Bitcoin is actually forking and becoming more centralized because they are raising the block limits.
I don't see any big players here acting in their own interest. It's in everyone's best interest to decentralize. Getting rid of the monstrous bloated corpse eating the brains of the blockchain isn't the worst idea.
Granted, I think this comes at a bad time and we are nowhere near ready for a fork of this nature.
Yeah you are right, the forking scenario is completely different. You might have chosen your side (not the worst choice), but for the regular outstander, the desired outcome isn't so much about who wins, but that the eocosystem crumbles....
I can't really imagine the ecosystem crumbling either way. The only ecosystem I can see crumbling is fiat. Most blockchains have a superior foundation compared to the established system.
In order for crypto to crumble it has to be outdated by a completely superior system and the underlying community has to totally abandon the project. That isn't going to happen anytime soon for a great many of the projects out there.
Look at how much this platform is worth and how few people are actually using it. Apply the same logic to all the other projects. We haven't even begun to experience the network effect.