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RE: Witnesses meeting with Tron Representative Roy Liu (Full Recording + Context)

in #steem5 years ago (edited)

The keyword is when Roy said that it's important to "let them feel like they have a gain" (near 2:34:00)

  1. Justin made a deal with the exchanges and he's out to lose the exchanges' trust if he doesn't hold his side of the bargain.
  2. His side of the bargain is now impossible to hold, so now Justin is afraid to lose more than his current Steem stake in future trust on the side of the exchanges.
  3. Roy now has the duty to focus on this investment. That's why he's so focused on getting the witnesses to make the exchanges feel that they're getting something out of doing Justin a "favour".

What the witnesses propose as Tron's first steps toward a peaceful resolution:

What Tron proposes as the witnesses' first step toward a peaceful resolution:

  • Most (if not all) major witnesses make a document where they say that the (specific %) stake vested and used to vote for them will back up the protection of the funds of the exchanges from malicious parties who would try to fork the exchanges out or harm their funds in any way.
  • (Denied proposal) Reducing the power-down time as a "favour" for exchanges.

Extra points that were touched a lot:

  • The possibility of exchanges to decline their witness voting rights together with Steemit Inc. and Tron related accounts after a message asserting their disinterest in participating in the Steem governance.
  • A (denied) request to get a written statement from the exchanges expressing their wants from the witnesses, and what they can do for Steem in exchange.

Curious tidbit:

  • Roy fake-laughs a lot whenever he's nervous or he's about to dodge a topic, question or comment.
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LOL.
I thought steemit inc was bought by tron, not the exchanges. This is sinister

Oh it was. It's just that everyone played their cards wrong and now Justin needs a way out because he went to war without even reading a brochure on the enemy. Now peace has to be reached and for Justin not to lose too much, the exchanges need to be appeased. Everything about this is unpleasant from start to finish but it is what it is.

my two favorite blockchain ladies replying here!

Lose too much? the man is loaded.

"Do I have the only Ferrari in tge world and let borrow 10 on debt to get 20. oh they saw through the scam. well i don't want to lose my Ferrari as punishment for my own actions. maybe I can hold off for a while and get 20 Ferraris or 8" that's how Looney the Sun came out over the horizon.

The sun rose out of winter burning peoples backs. buy eventually the Sun will Set.

I'm talking about way more than the 10 million dollars he's got invested in Steem. He may have a lot but it all depends on his relationships. If his relationships get sour because he made a bad deal with a group of exchanges and people, his potential for the future will be stumped. He needs to recover his image and the witnesses are the best tool he has for this purpose.

Why is his image important in this clause?

Ty, you just saved me 3 hours of my time. Take this upvote.

😊 Glad to be of service.

I read English, but I can not understand when you speak. lol.
Thanks, @cryptosharon.

Thanks - very useful comment.

Thank you for this excellent and professionally prepared recap @cryptosharon!