You are viewing a single comment's thread from:

RE: Is Steem Centrally Controlled?

I can't speak for others, but I was asked to be part of a committee this week which had members discussing these issues directly with Ned. Those discussions were not very fruitful (IMO). Our hope was to deal with this directly with Ned and ask for the power down to stop before it became a larger issue. As a member of that committee (I was voted in and didn't even really sign up to be on it), I agreed to the terms of the committee which was to keep things private as the discussions were on going. I'm a fan of radical transparency, so it was not my favorite thing to do, but I accepted it for the good of Steem. More information about those discussions will come out, I'm sure.


This powering down and selling of Steem via the Steemit accounts have been going on for at least a year. Why are you calling out for the power down to stop now? Why do you think it really has to do with the recent PR move?

This power down and selling of Steem is how Steemit Inc. has been making money all along.

It's the amount of power down that concerns people and how it was done in a defensive way as a demonstration of lack of trust of the witnesses. Going back to their original power down would at least be a step in the right direction. The reason this power down is gaining so much attention is the size and intention of it.

Think of the upside. Steemit Inc.'s share made the blockchain much more centralized. If they remove their stake, then that will make the blockchain not controlled to such a large degree by a single player.

That is actually a positive.

They could just move funds to the exchange, then to move it back to a set of anonymous accounts.
That makes the chain still controlled by a single player, but anonymously

It won't be anonymous, We are watching :)

Unless "you" are FBI I don't know why @bittrex would let you look into their books )

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 69054.54
ETH 3793.22
USDT 1.00
SBD 3.70