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RE: The Fundamental Underpinning of Blockchain Consensus

in #cryptocurrency • 5 years ago

I do. The huge Steemit stake was long ago promised to support onboarding and development of the Steem blockchain and I think only this promise allowed the blockchain to get established, given the huge percentage obtained by Steemit initially. Since that time, that promise has clearly been violated, and I think it's led to much of the struggle that Steem has faced in the cryptocurrency rankings.

Also, as a purely philosophical matter, making promises then not keeping them, just ticks me off.

5 years ago in #cryptocurrency by
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     5 years ago 

    Would have liked to have seen this implemented far earlier in the history of the chain, but I guess better late than never.

    Personal philosophy matters for every individual action - some just deal in words with no follow through.

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     5 years ago (edited)

    This!
    If I remember correctly, there are even on-chain interactions during the earliest days of the Steem blockchain and the ninja-mine reassuring the community that supporting community development was the justification of the majority stake amassed by Steem Inc and Steem Inc representatives. (It may have been @dantheman) I'd have to dig to find the statements I'm referring to though, as I would prefer to point directly to the comments.

    I also feel that on a fundamental level we, the community, have been deceived and the promises made to the community - yes, we can call it a social contract - have been flouted time and time again. Even if overdue, it's time for action.
    Thank you for your post and statements above, they strike a chord with many in the community, I have no doubts about that.

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     5 years ago 

    Been reading a lot of the comments/concerns over this and I think this point is being missed by most -- Ned/Steemit's clear violation of the original promises made through this acquisition. I am very happy about this change and I think the people who are pissed about this would have a very different opinion if they experienced any sort of the potential downside we faced without it.

    Posted via Steemleo