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RE: Steem is Actively Under Attack Via Binance.

in #binance5 years ago

The 80% of the pre-mined coins went to Steemit Inc. This is the definition of the ninjamine. The consensus is pretty clear, and anyone who doesn't know what I'm talking about can look it up pretty easily. No one has ever expressed any confusion over the term ninjamine, not even you. What could have possibly prompted this comment?

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When you propose the mining of Steem as justification for forking it off, you also threaten the stakes of other miners.

The actual reason you care about the founder's stake, besides it's sufficiency to completely control governance, is that because it was so large and had that potential to control governance, the founder's continually and repeatedly alleged it would not be used for governance, and that it was to be used for development. Until it was sold to Tron it was not used for governance, and it was used for development (however well or poorly you feel it was so used).

This is the crux of the matter, and that argument does not threaten any other stake, ninjamined or mined out of the rewards pool, because it does not apply to any other stake.

Plenty of folks off the chain, including the reporter that wrote the Coinmarketcap story featuring @lukestokes, repeat the phrase 'ninjamine' without understanding the details. We're opening a can of worms that we don't need to cope with by using that phrase, when we have a specific task we need to cope with, and may not be succeeding at.

Really, that's why. We're highly in the public eye at present, and the term ninjamine triggers folks that form opinions regarding Steem as a result. The problem isn't that Steem was mined, or even that the founder's got most of it. It's that Tron is claiming he isn't bound by the representations of the founders that it wouldn't be used for governance, and would be used for development. If we stick to that, we'll make our case clearly, without raising unnecessary complexity and possible negative associations with all Steem.