You are viewing a single comment's thread from:

RE: Justin Sun Conversation with Witnesses Is Online. @Ned Sold Out The Community - Failed to Disclose.

in #steem4 years ago

Postscript: A potential win-win way forward
My standard byline below could provide a win-win way forward for Justin Sun and the Steem community.

Just as Steemit Inc came with pre-existing obligations to the community regarding the ninja-mined stake that Justin didn't know about, it also came with a ~$400M legal claim against Facebook and Google for banning Steem advertising, which he also didn't know about.

This legal claim is worth far more than the ninja mined stake and is more than enough compensation for what Justin feels he has lost.

Rather than spending his money trying to take over the Steem blockchain, Justin can sign Steemit Inc up for @jpbliberty's crypto class action and participate in the funding of it. It needs less money ($US 2-3M in total) than he has already spent on Steem and has a huge ROI for his Steemit Inc claim alone.

If Justin supports this, it is a huge win for the Steem community also because every Steemian has a claim in this class action based Steem being worth $6.14 when the Ad Ban was announced and being very directly affected by the ad ban. We have great evidence of this from Steem posts.

We are well advanced with a law firm, top barristers, initial funding and US$350M in claimants signed up.

Signup for the Crypto Class Action against Facebook & Google's Crypto Ad Ban

Sort:  

This is a really good idea actually.

Yes Yes, Picard Said, make it so.

Can you post the pre-existing obligation legal doccuments Steemit inc had with the community?
How can there be a debate on this issue without the legal facts?
Steemit inc was worth a least 12 million dollars, surely there are legal documents showing the commitment Steemit inc had to the steem comunity.

OK , "gradual divestment" , "development and promotion"
One can easily argue that there has been a gradual divestment , neds stake sits today a 17% of all steem from 41% . The remaining 17% was sold to sun , who is more then capable of development and promotion of steem and its divestment. Sun wasnt even given an opportunity to show how he would use this stake. Also the exchanges involvement is still not even clear and is a separate legal debate. Ned and steemit inc commitment to the community is wide open for interpretation . Now if it isnt written , it isnt true.

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.032
BTC 63645.37
ETH 3067.90
USDT 1.00
SBD 3.81