BlockTrades' Steem wallet is temporarily disabled
Our Steem wallet is shutdown until the crisis around the takeover attempt by Justin Sun is resolved. This is necessary in order to prevent the Steemit tokens that were promised for blockchain development from being dumped on our site, because our site offers automated pricing.
I sincerely apologize for the inconvenience, but once this situation is resolved successfully, we will re-enable our Steem wallet for buying and selling Steem and SBD.
I also apologize for not making this post earlier, but I've been super busy working with the community, and operating with less than full sleep, and I was thinking the "under maintenance" message would be sufficient. We have been answering the question individually when customers asked about it on our support email. But I can certainly understand in hindsight that it might raise unnecessary fears without a public post that clarifies why the wallet is under maintenance and when it will resume operation, so I'm correcting that mistake now. Better late than never...
where can we buy steem currently?
It is now available for sale on our site, we've re-enabled our wallet based on many requests, since it appears that the Steemit stake is locked up for a while and can't be immediately dumped at this point in time.
great thank you!
blocktrades.us is down?
Sorry about that, we had some technical difficulties, but we're back up now!
thank you
Also, for those who are upset because they couldn't buy Steem from us to vote for community witnesses, please don't be too upset: we already powered up our liquid stake to do the same thing. Steem on!
Thank you for the solidarity shown!
I was bummed, but this makes me feel so much better 💯
That was a best idea to pull down those wrong witnesses. Thanks for the update.
Posted using Partiko Android
As all the steem from steeminc are now obviously powered up I do not understand your action... I mean as long as he does not start a powerdown there is no risk of him dumping his steem on blocktrades...
IMHO by shutting down blocktrades you are actually helping him because people can not buy more steem to power up and support the old witnesses or you are forcing them to use those very exchanges that betrayed us and their customers!
Because he already made a post where he proposed a 1 day powerdown rule. What does this make you think his plans are?
Oh, it was just to bring Steem into alignment with other cryptocurrencies, I think he said. There's nothing to worry about :-)
Anyways, I appreciate the sentiment, and I'll talk to the rest of the team and see if there is some way we can handle this and still prevent dumping by Justin. I have a few ideas.
I am more speaking about technicalities... not about his intentions... I mean technically he will not be able to powerdown and dump his steem on blocktrades without a hardfork... as atm all is locked up in powered up SP.. so as long as there is no hardfork bringing power down period to a few days I would assume blocktrades would be safe of him dumping his steem....
I would like to sell my Steem but Im waiting for blocktrades to enable transactions again. Hoping you do it soon
Thanks for supporting the community. Right now I'm all powered up and will hopefully buy if and when BTC recovers and Steem finds out where JS is going.
Posted using Partiko Android
Seems to me that's a really wise precaution... when you see sketchy activity in the neighborhood, it's wise to block the exits...
Good Idea, after hearing what Justin said last night I think he’s capable of dumping A LOT of Steem. Sucks it has to be this way because a lot of us use your service and it makes trading Steem nice and easy. Am much as I don’t like it, if I was you I would do the same thing,
Completely understandable @blocktrades and thank you for communicating with us on this matter. I know of several that were a bit nervous about it.
Would very much like to thank you for your stance and action during this poop storm. I for one will not forget it. THANK YOU and we'll see you on the other side.
All good. This took me by surprise at first when I noticed blocktrades' steem trading was "under maintenance" but once I took a few hours to read up on what's happening I fully understood and support your (and many other's) efforts here.
While the current mess is unfortunate, I see the community coming out stronger on the other side, and Blocktrades will as well given the nefarious behavior of Poloniax, Binance and Huobi. Anyone trusting those three exchanges after today needs their head checked.
It's also clear now that a new kind of Steem account needs to exist for exchanges that has no voting rights, and that witnesses should have the power to enforce this. Maybe that sounds harsh but there will be a repeat of this mess in the future if safeguards aren't in place.
I suppose, we will let it ride. for now...
:OD
Friends of @blocktrades! Difficult times are resolved by taking these types of measures ... They will be victorious as always. Here we will wait for you with open arms ♥ ️