RE: Today's STEEM Updates: TRON's Roy Liu & Steemit's Eli Spoke in Discord. Ned Ran his Own Discord: "No Contract with Community for Steemit Tokens". Recordings In This Post.
Clearly, despite our personal opinions regarding what does or does not constitute obligation, agreement, or contract between investors relying on Stinc's, @ned's, and @dantheman's representations regarding the deployment of the founder's stake, there are grounds to determine the answers to those questions in litigation.
There are certainly enough folks hereabouts that are willing to claim they have been financially harmed by this sale and the hostile takeover of Steem governance, and the seizure of their tokens on exchanges - that still remain unavailable to their proper owners last I heard.
Regardless of what witnesses do, financial injury is being done as we speak, and those parties will have to settle their claims, or seek remedy juridically, at their sole options. That's not up to the witnesses, but that continuing financial injury is certainly their concern, and should be at the top of their priorities.
Any compromise they agree to should necessarily resolve financial harm ongoing as quickly and completely as possible, while also ensuring no more is forthcoming. That's a tall order, and likely to involve restricting voting rights on somebody's stake, to make sure this never happens again.
Appealing to "the government" expecting them to "fix" what is, essentially, a systemic software design error for a bunch of hypocritical "libertarian" techno-idealists is INSANE.
(IFF) you subscribe to "the rule of law" (THEN) "special" "emergency" "temporary" "powers" should NEVER be implemented.
Live by the blockchain-code-law, die by the blockchain-code-law.
Making up new rules for fabricated "emergencies" is a core ethical violation (patriot-act).
Everybody knew the ninjamine was a "problem" but their fundamental mistake was to "trust" ned. Never trust a human to do anything except act in their own personal self-interest.
BLOCKCHAIN should be TRUSTLESS.
If ned was so trustworthy, they would have VOLUNTARILY divested the ninjamined stake. They could have EASILY done this by slowly dumping at least 50% of the ninjamine onto the OPEN MARKET (and transferred the proceeds to steemit or whatever he promised to do).
sURE this would have lowered the market-price of steem tokens (better reflecting the TRUE-market-value), but this is not necessarily a "bad" thing. A reliable micro-payment system is a major paradigm shift away from traditional models and a low market-price of steem would lower the bar for new accounts (allowing regular people to "compete" with the "big-fish" (oligarchs).
@themarkymark and @freebornangel and @tarazkp and @abh12345 and others have repeated told myself and others,
"if you don't like it, then start your own blockchain".
They should take their own advice.
The reason @ned didn't execute code restricting his ability to exercise governance is apparent today. I agree that is not worthy of trust. It remains a fact that his long failure to exercise that governance yet enables people to believe the illusion Steem is decentralized, or ever has been.
Either Tron and the exchanges execute code that prevents their exercise of governance, or Steem remains the exclusive possession of Tron, to whom @ned sold it. We users of Steem aren't a possession, but that only matters if we act to retain our agency. If Tron does not execute that code, and no one cares, we might as well be possessions of Tron.
I presently await the community understanding the reality of Steem's ownership and execution of a HF to create a new platform that enables us to actually have a decentralized community.
Thank you for your vigilance.