Justin Sun Powering Up Yet More Stake In the most aggressive move ever.
This was the difference in votes when I went to bed vs when I woke up. So Justin is still aggressively raising the ante, but we still have a good lead. I guess it's really frustrating knowing we have the votes to take every witness spot and freeze his accounts again. That would put an end to this very vulnerable situation we find ourselves in. I assume people are trying to get in touch with the voters who aren't using all the votes to carry us through. Pretty tough though considering. It really shows you the spectrum of politics required for decentralization.
Binance is Insolvent
They attacked our chain with investor funds and froze those promised-to-be liquid coins. We should work to remove all liquidity from Binance so Sun doesn't have a lot of options with the exchanges that are already very wary over the situation.
They could vote in the top 20 witnesses immediately and end this. I think we demand they undo what they have done. Not that I expect they will, only if they refuse the optics look bad and they will get more bad press.
If "blood money" hits the market, Sun will lose votes on the powerdown and the market could flash crash. That's a concern, but it's also a good way to instantly lose this war for the majority vote. If Steem has to flash crash to regain control of the chain and boot this chuckle head off our network, so be it.
What we need to do is organize price points as a community.
Something like
Provide liquidity on Binance for $0.01 per coin on the STEEM/BTC market.
If Sun wants to sell ninjamined stake I think we should agree to buy it back at a low level and use to to freeze his accounts once we get enough witnesses. Make the cashout as painless as possible. The amount we pay is the amount of community support we can acquire to buy at $0.01 and power it up to boot him off the network.
Conlcusion
We need to mess with Binance's liquidity. They are vulnerable, and the biggest player by far in this arena. Steem dancing with Binance would be pretty huge news.
If at any time we get a super majority of 17 witnesses Steemit's stake will be frozen again and this vote war would be over.
Justin Sun has used investor money to attack this chain and reverse consensus. The banks are backing away, but also not helping us. They secretly hope we lose. This is just further confirmation to the entire cryptosphere that banks can't be trusted to play nice or even to secure user funds in this environment. The world should know who they are dealing with. New boss, same as the old boss.
PS
It looks like the Steemit Inc development team is trying to get SPS funding?
https://steempeak.com/openseed/@andrarchy/witness-voting-openseed-and-openlink
I just auto voted for it.
Proposal #64
It's $100 a day... Pretty good deal.
Looks like it's already active with 16M in votes.
It concerns me that binance hasn't PDd yet, this strongly suggests they are expecting a HF to instigate an extremely short PD period.
One that could potentially really mess the chain up, if it's shorter than the 7 day pay-out.
Worrying times.
Thanks for the reminder about the flash crash, I should get lower limit buys in place!
I used changenow.io at 11am atlantic time to buy steem and it's still not in my wallet, check out their reason lol
It's the mother of all screw-ups! 😁 🤭 🤣
Binance is going to have a hard time slipping out of this boot...
Another option would be to buy up all remaining liquid Steem from Binance and request withdrawls.
Posted using Partiko Android
This is juicy.
When they hardfork to PD and sell quickly, a lot of normal stake will be locked in 13 weeks PD. Cannot allow that.
The price of Steem is rising because more are involved in witnessing. This should have always been the case.
We also need to remember they had something like 200,000MV when they first retaliated, but now have a few more potential allies. We are literally running out of Steem.
I think a lockdown for everyone may be a decent temporary idea until issues are resolved. Inflation can continue but no PD.
This thought crossed my mind as well. At least it offers a universal solution, if only a temporary one.
Lots of exchanges are holding on Steem withdrawals and transactions. So maybe there won't be a choice soon.
It might be worth discussing the possibility of extending the soft fork to remove voting rights of large exchange accounts. We shouldn't be taking away their ability to transact or do business, but I don't think it would be difficult to get consensus agreement that exchanges should not be having a say in STEEM governance.
Some lessons get learnt the hard way, but the important thing is that we learn them.
Sure, but the exchange can transfer the money to another account and have it voting for witnesses in a matter of seconds. The solution is not an easy one.
At the moment they can't, because they are powered up :)
This would buy us some time and secure the chain in the short term, but I take your point . There needs to be some kind of agreement put in place with the exchanges longer term that may involve code and/or may involve jurisdictional law.
if we had the power to push that fork wed just freeze suns accounts and be done with it.
I had a feeling with so many Devs jumping ship they were planning something.. good to see..
When I woke up today, we had dropped from 10 Witnesses to 2. So 7 is pretty damn good!
Actually, depending upon when you went to sleep, it wasnt Sun who powered up. From what I heard, he got the Korean community to go in with him.
As for the exchanges, they are fucked. The TronSteemit can put together a hard fork if their life depended upon it. Thus, all STEEM is locked up for 13 weeks.
Posted via Steemleo
Right I did hear about that.
The SteemHunt crew.
That's unfortunate.
A whale from the Korean Community is keeping the status quo by supporting 7 original witnesses and the rest with support of TRON witnesses so as to stop a TRON fork at this time. They are making some demands in the post linked below.
https://steemit.com/hive-101145/@sct/proxy-token-proxy-token-witness-voting-policy
If people are buying and liquid steem is frozen, than why hasn't the price gone up???
I am getting my fiat ready for $0.10 cent steem. True decentralization means that people like me need to buy more.
Posted via Steemleo
There are enough votes to take the chain back but people are wasting their vests on witnesses below the original top 20-
Guys!
There are not even 81m liquid steem rn.
Sun and Binance have a big liquidity issue!
If sun wanna buy control, he gotta pay for it.
I wont sell any steem below 5$ and recommend you to do the same ;]
Posted using Partiko Android
@edicted it is more like "justin sun" vs "the steem communities"....he can't be bigger than the communities,the communities will win because they deserve the glory on the steem blockchain...
Posted via Steemleo
this past few days so many powering up have been done and so many voting of witnesses have occurred too,so much voting war going on,so much politics going on and so much selfish intent coming from the new steemit boss himself,i can't wait to see all this issue become a thing of the past...hopefully....@edicted
Posted via Steemleo
the current war on the steem community seems not ready to stop,only if justin sun can just sit down and respect the voice of the people....
Posted via Steemleo