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RE: Why I won’t be compromising with Justin Sun
Justin will just move his stake into exchanges and benefit from our fork as well.
I really don't see any other solution than either forking anytime soon or set a snapshot date before Steemit's funds are moved away.
how will he benefit from our fork?
As far as i understood, Steemit's stake won't be migrated to the new chain. Just imagine what happens if Steemit will power down today and move funds away into exchanges. Exchanges will honor their customers when a fork happens.
Other option for Justin "washing" his Steem tokens when sending them into exchanges and back into anonymous accounts, which will benefit from a fork as well. Just saying...
The majority of his Steem is powered up in @steemit, @misterdelegation, etc. He will not be able to power very much down in time. Sure, he will get some tokens, but not nearly the massive piece he has here.
And knowing how @blocktrades and the players involved here move, they would not have announced this without being very close to being able to deploy the network.
Also remember that when he does receive power downs, that will decrease the SP voting for his sock puppets, which could result in a reversion to 22.2 that locks his funds.
These guy don't fuck around. Well done.
You’re assuming a lot of things happening on a slow timeline. Maybe Justin won’t have a chance to move his tokens to exchanges before the snapshot. It might already be too late.
As of right now, power down takes 13 weeks. Even if they vote the consensus witnesses out and get 17 sock puppets, thats going to take a day or two. Even with instant power-down, the price will nothing but dust.
Well yes, he can powerdown now, but it will be 13 weeks before he can sell all of that powered down stake (it is converted in 13 weekly intervals), and by the sound of it (assuming it happens) the new chain would be active before that.
Ps. please read this post i just made: https://steempeak.com/publish?edit=atma.love%2Freclaiming-our-sovereignty-during-these-chaotic-times
And i dont think he would re-buy more Steem. It seems he just wants his money back. Who knows what will happen .....
I know nothing! :-)
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So should STEEM on the exchanges be also excluded from the snapshot?
No, that tokens belong to users, not exchanges.
Is it not possible to set a snapshot date as of, say, yesterday?
From a technical standpoint this should be possible, so yes!
Then you get double spends. Anyone who knows the snapshot is passed, can sell their tokens without losing them on the new/sister chain.
That will happen anyways when the snapshot date passes, no?
Yes, but then the buyer knows they're only getting Steem OR Hive.
If I know the snapshot was yesterday, and you assume its tomorrow, I can sell you postfork Steem (no hive drop), as prefork Steem. You buy expecting to get both after the fork, and get disappointed since its not steem you were holding before the snapshot.
Happily this won't be an issue as they've announced the snapshot and fork will be simultaneous, which is definitely best :)
Saw that they will be excluding accounts beyond just the steemit.inc accounts. That doesn't seem like a good way to start things out.
13 weeks power down won't allow him. If he powers down, his sock puppets will be gone. So it is a double edged sword.
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