RE: Vlog 459: A sad day for Steem

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This is such a bad take, imo.

I wrote about this more in my post, but a few key summaries:

  • We didn't do this to a "normal" user who happened to buy large amounts of STEEM. We did this to a company, who should have never held so much controlling stake in the first place. It's ninja mined, which means that for the rest of those tokens lifetime they are not "normal" tokens. If Justin bought 75 million STEEM without going through SteemIt, then that would be fine because we'd still have a powerful stakeholder to counteract the control.
  • Justin owns Tron and has beyond confusing messages about what the future is going to be. To act as though this is just any old dude walking in here and us freaking out, is not just wrong but maliciously so.
  • "I don't care if it's temporary", then I'm sorry to say but you're clearly missing the entire point of this softfork. We're not stopping someone from accessing the tokens they just purchased, we are using the rules that have been presented to us from the beginning to buy us a bit more time to think about our next steps.
  • In a dPoS system, what just happened is not only allowed, but is doable for this very reason. The community should be allowed to protect itself. How do you not agree with this?

To wrap up: This is a very disappointing response. Perhaps you weren't aware of the amount of confusion surrounding the acquisition. Perhaps you truly think that your random interview with an employee of SteemIt would solve the worries. Perhaps you don't understand the economics & potential downsides that occur if Steem is merged into Tron. Perhaps you weren't in attendance of the multi-hour long and multiple sessions of open forums that witnesses held on Discord, where literally hundreds of people tuned in & voiced their opinion.

I don't know how someone could arrive at a take as poor as the one your trying to get off in this video, but it's pretty disappointing coming from a witness who I thought was a good one in the past.



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