You are viewing a single comment's thread from:
RE: Vlog 459: A sad day for Steem
"So witnesses are doing that softfork 222 in order to protect their positions in the top 20."
for one, I am pretty sure no one did this to protect their position. As I outlined in my post, this was done having Steem at heart. All for Steem. Steemit Inc's stake as far as we can tell is not voting for witnesses, so that would not change. It is preventing the Steemit Inc stake specifically, which is bound to social contracts, to vote. As they where not voting anyhow obviously this doesn't change anything.
- Or are you suggesting that Top20 (or better said all participating witnesses including even more beyond top20) were afraid of being removed (by using that big Steemit inc stake) because not in line with the "Tron Vision"?
Yes, that's a nicer way to put it.
Overall, adding code to arbitrarily change permissions like this is completely against decentralization principles. It also destroys the trust in the STEEM currency. If a mafia of 20 nerds can freeze your funds so easily, why would you want to ever invest into or hold steem?
Today maybe the only victim is Justin Sun, but tomorrow it could be apps or other large investors whose funds are taken hostage in a similar fashion, who knows?