A Wonderful Test For Decentralization

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All eyes are on Steem. Buterin is tweeting about us as is Andreas. The biggest names in crypto are watching to see how the Steem community handles the hijacking of the blockchain by Justin Sun with the help of three centralized exchanges.

I cover some of the opportunities for the entire decentralized space.

▶️ 3Speak

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Is this the beginning of the great divide? I am really hopeful that it is becoming something big. And, good. ❤

Posted via Steemleo

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I think we still need to stick together. If SMTs still come out, people can take over their own portions of this place moving forward. Idk.

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For me its not the actions of Sun but the actions of the exchanges...

The only good that has come from this is that the centralised exchanges have shown their hand and proved themselves to be as ruthless and corrupt as the banks.

Not your keys not your coins but more over with POS ... Not your keys not your blockchain

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I don't think you can separate them - Isn't this just four people (Sun and the three exchange bosses colluding?

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Yes i would agree.
I expected underhand stuff from Sun. But not from the exchanges who have now lost all trust and set a precedent for doing this in the future

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@taskmaster4450 i believe the perception that many people have about justin sun is one of the major cause of the issues that is happening on steemit,many people see justin sun as someone who is trying to hijack the platform and trying to dismiss ideas from others and trying to create a dictatorship type of governance....

Posted via Steemleo

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(Edited)

Is not it what he is trying to do? He forcefully replaced the top 20 witnesses. Now does not that just torque your jaws? The dictatorship is exactly what he is trying to do/achieve. Or probably already done/achieved. He owns Steemit, Inc, and now the top 20 witnesses. He is in control.

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decentralization is the key factor to get success on the steem blockchain

Posted via Steemleo

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(Edited)

Then the Steem blockchain will not be successful. I realized that it is not decentralized. It never were. It was always around the CEO of Steemit, and around the whales and around the witnesses. And now it will probably be even worse. Looks like Steemit and the Steem blockchain have their own Mark Zuckerberg in the person of Justin Sun.

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i hope, you are right, this feels like beeing on a virtual battlefield, use your witness-votes everybody, then we may kick them off their places !trdo

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Summary:
In this episode, the speaker discusses the recent events involving Justin Sun's actions towards Steem and the community's reaction. The focus is on the concept of decentralization, emphasizing the ongoing battle between the Steem community and centralized entities like Sun and certain crypto exchanges. The speaker stresses the importance of decentralization and how the response to these challenges will shape the future of cryptocurrencies. The episode highlights the attention the situation has garnered from notable figures like Vitalik Buterin and Andreas, indicating a critical moment in the history of decentralized cryptocurrencies.

Detailed Article:
The episode delves into the recent controversial actions by Justin Sun, sparking intense discussions within the cryptocurrency community. Task emphasizes the core theme of decentralization, contrasting it with the centralized force Sun represents. The speaker views this event as a significant test for the crypto community, stressing the historical implications of the ongoing battle for decentralization.

One key point discussed is the response to centralized entities like Sun attempting to exert control over a decentralized platform like Steem. The speaker highlights the outrage within the community, with many viewing Sun as an invader threatening the decentralized nature of Steem. The battle is portrayed as a crucial test of whether decentralized systems can withstand attempts at centralization.

Task also touches on the involvement of influential figures like Vitalik Buterin, who have publicly commented on the situation, bringing more attention to the concept of decentralization. The episode underscores the scrutiny faced by various blockchain projects, including EOS and Ethereum, regarding their governance and decentralization strategies.

Moreover, the speaker delves into the vulnerabilities exposed by such events, likening them to the role of hackers in cybersecurity to reveal weaknesses that need addressing. The discussion extends to the potential solutions and responses within the decentralized community to combat centralization attempts effectively.

Task outlines the challenges and uncertainties ahead but remains optimistic about the resilience of decentralization. The conversation emphasizes the importance of standing on principles rather than monetary gains, highlighting the community's dedication to decentralized ideals. The speaker suggests that such challenges can propel the community forward and ultimately strengthen decentralized systems.

The episode concludes with a call to action for the entire cryptocurrency community to recognize the threats posed by centralized exchanges and collectively strive for a more decentralized future. Task underscores the pivotal moment in history that demands a united front in defending decentralization and proving the community’s commitment to its core values. The overall message conveyed is one of resilience, determination, and the belief that decentralized systems will ultimately prevail in the face of centralization threats.

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