RE: The Great Steem-Tron Debate - How To Move On - A Plea To Both Sides
Justin’s stake is unfrozen. It has been since he first took over the witness spots with the aid of exchanges. Pretty much every witness has assured him it will not be re-frozen and are asking him to step out of governance. However so far he seems to be digging in and powering up more, despite saying he has no interest in governance, and sadly his witness servers are still not even properly configured with a price feed, showing the Tron engineer’s lack of understanding or concern for the Steem blockchain.
edit - I also believe the only exchange still voting/not powering down is Poloniex, which of course Sun has some ownership stake in and thus more control. We've been at your listed conditions for talks beginning for days and I think talks have stalled and folks are just entrenching their SP. Steem is swimming against the tide in terms of the big sell off in crypto the past couple days, all due to "arms race buying" I believe.
Thank you for the information Bryan, I wasn't aware the stake has been unfrozen. Can I ask; was it unfrozen because of his exchange power up, or because the witnesses acquiesced and gave him back the stake?
Hmm, okay, well clearly he needs to power down Poloniex and come to the table and talk.
As far as buying up Steem to power up, that's all good, because as you say; it's helping Steem swim against the down river trend at the moment.
Again, thanks for enlightening me as to exactly what's going on.
Cg
Basically the utilization of the exchange stake allowed the initial overthrow of the top 20 witnesses, who were running fork 22.2 which froze Steemit Inc. funds temporarily. Justin’s witnesses immediately ran a new fork, 22.5 which unfroze the Steemit Inc. stake and began voting witnesses with it. So now, even with the two biggest exchanges, Binance and Huobi having revoked their votes, Justin still has enough power to hold a large number of witnesses and looks to be trying to recapture them all. In the meantime, you can also see most witnesses have reverted to version 22.1, which is the “normal” code prior to the freeze, with some still running 22.4 which also is a version with no freeze on his stake. At this point I don’t think any top witnesses are running the 22.2 “freeze” fork as a sign of overall good faith. Of course, they could revert at any time, but I can only imagine Justin has his own concerning alterations planned or else he wouldn’t be fighting for full control again.
Aha. Thank you once again Bryan. Now I have all the pieces, I can fully meditate on the answer.
Whatever that answer may be, I think we need a negotiator, maybe someone who is removed from Steemit and of course Tron.
Hopefully today will bring new positive developments.
Cg
You're welcome. I'm doing my best to stay up to date on any news. For my mental sanity I'd love to step away, but then I'm afraid I'd be totally confused trying to play catch up! 😬 It's been eerily quiet for a few days, though I'm sure there's stuff going on behind the scenes. The Korean community has been acting as somewhat of a middleman in negotiations as they have a pretty unified and powerful voting block. They've helped ensure at least 4 original witnesses remain in power to block any unilateral hardfork, but it was clear Justin was actively trying to court their vote his way.
My sense is that Justin created a massive problem for himself by assuring the exchanges they'd have funds accessible again in 1-3 days, and when the community fought back he wasn't able to deliver on that. Getting the exchanges liquid again immediately was the main thrust of all his early negotiations. I feel like his neck is out in terms of pride, credibility, and possibly legality now with some of the big crypto industry players.
I'm scared of what happens if he succeeds. Tron has shown little to no understanding of Steem, and will most likely rush through a hardfork prepared by a highly inexperienced team. With all Steemit Incs core developers having quit in the wake of Sun's takeover, I'd anticipate a chain freezing bug lasting days, if not weeks should Tron seize control. We've been through well prepared forks, heavily tested, with a seasoned team at the helm before, and experienced chain halts. It could be so much worse if technical issues arise in the current climate.