Atm, we wait for the Koreans to say what they have to. They have 15M vests that is the tie breaker.
If theyre stupid there will be a fork.
Not sure how the fork would work.. If Justin does it and reduces his powerdown time to 1 day (or instantly) so he can dump... Who is it that is on the original chain that exchanges accept? Wouldnt we be the ones now that exchanges wont take his word on the "upgrade to chain" stupidity.
theres so much political intrigue going on it's hard to see how it will turn out. it does seem like if the koreans side with us nothing will happen because we dont have a HF ready to push. sun will continue to control the ninja mine regardless... well... at least his witness votes wont disappear and the threat of him retaking the chain is high.
If koreans side with us we retake control. All 20 witnesses would be community and we can easily reinstate the SF, force him to negotiate, force him to give up voting rights. etc.
There would be no need for a HF
You sure?? So you cant implement decline voting rights as long as he is voting?
hmm. So he would have to remove his votes on his own?
But if the koreans side with us we get supermajority and he no longer controls the chain.
you cant change the chain with a soft fork. you can only deny transactions from being processed, in this case. it's been made very clear by crimsonclad.
the decline voting rights operation requires a private key and lasts one month i think.
if we get super majority back we are still vulnerable to exchanges, him buying stake, or big players switching sides again. without a hardfork freezing his account we are still majorly exposed.
Im trying to figure this out from Justins perspective..
The only fear i see him having is the ninjamine being frozen from transfering then.
Theres one problem there...
I dont see any way for him to choose anything other then a hardfork to liquify his stake instantly.
If the situation remains like this he will never get his investment back and he doesnt seem willing to trust the community to not freeze his stake.
It is him that is inflexible thus he is essentially stopping himself from coming out of this on top.
I see nothing that will convince him to stop voting his sock puppets since i dont think he will trust anyone that the ninjamine wont be frozen, so we remain as is.
Its on him to make the first move since there is no move we can make. Koreans can though, and their move could very well destroy steem.
Sun already has the coins to dump this chain into the dirt. He doesn't need an instant powerdown. Remember those 5M liquid coins he transferred to the exchanges that everyone said was an "obvious bribe"?
That was not a bribe. That was to make the insolvent exchanges more solvent, and in all likelihood, the exchanges owe those coins back to Justin. Considering he can't even dump 5M coins on the market I'd say he's doing just fine. That would crash the price too hard. There's a reason why Ned hasn't just sold out to the community via the exchanges.
Atm, we wait for the Koreans to say what they have to. They have 15M vests that is the tie breaker.
If theyre stupid there will be a fork.
Not sure how the fork would work.. If Justin does it and reduces his powerdown time to 1 day (or instantly) so he can dump... Who is it that is on the original chain that exchanges accept? Wouldnt we be the ones now that exchanges wont take his word on the "upgrade to chain" stupidity.
theres so much political intrigue going on it's hard to see how it will turn out. it does seem like if the koreans side with us nothing will happen because we dont have a HF ready to push. sun will continue to control the ninja mine regardless... well... at least his witness votes wont disappear and the threat of him retaking the chain is high.
If koreans side with us we retake control. All 20 witnesses would be community and we can easily reinstate the SF, force him to negotiate, force him to give up voting rights. etc.
There would be no need for a HF
reinstating the softfork and freezing his account doesnt take the votes away from the sock puppet witnesses.
You sure?? So you cant implement decline voting rights as long as he is voting?
hmm. So he would have to remove his votes on his own?
But if the koreans side with us we get supermajority and he no longer controls the chain.
you cant change the chain with a soft fork. you can only deny transactions from being processed, in this case. it's been made very clear by crimsonclad.
the decline voting rights operation requires a private key and lasts one month i think.
if we get super majority back we are still vulnerable to exchanges, him buying stake, or big players switching sides again. without a hardfork freezing his account we are still majorly exposed.
Im trying to figure this out from Justins perspective..
The only fear i see him having is the ninjamine being frozen from transfering then.
Theres one problem there...
I dont see any way for him to choose anything other then a hardfork to liquify his stake instantly.
If the situation remains like this he will never get his investment back and he doesnt seem willing to trust the community to not freeze his stake.
It is him that is inflexible thus he is essentially stopping himself from coming out of this on top.
I see nothing that will convince him to stop voting his sock puppets since i dont think he will trust anyone that the ninjamine wont be frozen, so we remain as is.
Its on him to make the first move since there is no move we can make. Koreans can though, and their move could very well destroy steem.
Sun already has the coins to dump this chain into the dirt. He doesn't need an instant powerdown. Remember those 5M liquid coins he transferred to the exchanges that everyone said was an "obvious bribe"?
That was not a bribe. That was to make the insolvent exchanges more solvent, and in all likelihood, the exchanges owe those coins back to Justin. Considering he can't even dump 5M coins on the market I'd say he's doing just fine. That would crash the price too hard. There's a reason why Ned hasn't just sold out to the community via the exchanges.