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RE: Steem: Softforking, exchanges, security and mining ninjas
Could not have Ned sought to establish a legally recognized foundation (subject to independent oversight and audit) that would have stewardship over the Ninja stake and would be expressly bound to execute actions purely in benefit of the blockchain and the community as a whole? This demonstrates things being done above board and can be the bedrock upon which confidence among stakeholders is built.
Something probably could have been organized. The issue here though is, it wasn't. :)