Evidence of Steemit Inc making representations about use of ninja-mined stake
View this post on Hive: Evidence of Steemit Inc making representations about use of ninja-mined stake
In mid-February 2020 Justin Sun acquired the shares in Steemit Inc and proceeded centralise the blockchain under his control, improperly using Steemit's founders stake (intended for development and decentralisation of the blockchain) and tricking exchanges into initially supporting his power grab.
After extensive efforts to resolve the dispute failed, the community revolted and formed a new, fully decentralised blockchain - Hive - without the pernicious influence of Justin Sun and his minions.
Because of Open Source licensing, Hive was legally able to duplicate all the code and content on Steem.
The vast majority of the community and decentralised applications and projects moved to Hive and Hive was listed on many cryptocurrency exchanges without having to pay the normal listing fees.
On 19 May 2020, a Steem hard fork (0.23) designed to steal the Steem from 65 accounts associated with creating Hive became public.
My position on this hard fork can be found here: https://peakd.com/hf23/@brianoflondon/letter-to-exchanges-do-not-run-steem-hard-fork-23-hf-0-23-0
This was the final straw for my involvement with Steem.
I will now post exclusively on Hive at https://peakd.com/@apshamilton/posts
All my old Steem content can also be found on Hive.
So thanks to @aggroed's call to action post we've been getting submissions of potential evidence of Steemit Inc's representations about use of the ninja-mined stake for about 4 hours now.
And we already have some decent evidence:
- Initial launch statement on bitcoin talk at launch: https://bitsharestalk.org/index.php?topic=22125.0
- Dan Larimer's statements on bitcointalk at launch: https://bitsharestalk.org/index.php?topic=22125.45
- Ned's statements in this Forbes article: https://www.forbes.com/sites/rogeraitken/2017/01/17/fintech-steemit-migrating-servers-to-amazon-unveils-blockchain-roadmap/#628fc4667dd5
Signup for the Crypto Class Action against Facebook & Google's Crypto Ad Ban
- Github code proposal by Dan proposing a code change to allow code locking of Steemit Inc's stake to non-voting, that was later used by Witnesses in HF22.2: https://github.com/steemit/steem/issues/324
I'm sure there is a lot more evidence out there so keep up the good work.
But this is enough to present to Justin Sun already.
Thanks for digging and pulling up these records.
Two thoughts:
the images are hosted on servers controlled by STINC, which is a bit concerning. Using a different frontend like busy or steempeak would be on workaround. Or also copying the text of the screenshots as blockquotes, so it gets written to the blockchain.
none of the comments provide guarantees or promises that the STINC Steem will not be sold for personal gain or used to vote. That's a bummer, I do think these claims exist, but we need to find them.
Interesting & good to know. When we look at the raw transaction, it does show image URLs like
https://files.steempeak.com/file/steempeak/apshamilton/9xYZTUbQ-Screen20Shot202020-03-0420at2022.22.15.png.But when viewing this post on SteemPeak, it uses URLs from https://steemitimages.com. Possibly @steempeak is relying on a version of the STINC servers to save bandwidth. Not sure.
Yeah I just don't see any of the STINC statements reaching the level of a promise or even commitment. I do think if investors were mislead, then there is potential reason for Ned to be worried, but perhaps not any binding obligations that would pass onto Sun. Although it would help to see the contract of sales between Ned and Sun. I guess the argument is that Sun is still bound by all obligations of the company.
I see both sides, but wasn't the expectation that STINC would always sell at least some of its stake for personal enrichment? This was not a non-profit by any means.
Excellent. Please cite the source of this.
I found it here but do not know where is really came from. https://steempeak.com/steem/@jackmiller/sf-22-2-facts-vs-opinions
Wow.. I never got a gradual dispersment of that STEEM.. anyone here get an upvote for good content?! No only witnesses? Or those close to Mr Ned?
Maybe the silence was a pay off for how many years? Please..
When a whale votes everybody else loses money.
We want their money, not their input.
Hello,
This seems like good evidence.
I can help draft or review an encouraging letter for Justin based on what we find.
Thank you for your effort. Coolheads must prevail.
That Github comment is EXACTLY what state all exchanges should be in permanently without any doubt.
Yes but how do you enforce all exchanges decline voting rights, when there is no foolproof way to determine:
Hi @apshamilton!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.071 which ranks you at #2250 across all Steem accounts.
Your rank has dropped 152 places in the last three days (old rank 2098).
In our last Algorithmic Curation Round, consisting of 78 contributions, your post is ranked at #49.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Congratulations @apshamilton! You received a personal award!
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Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
This is worth adding to your evidence. Eli Powell speaking to the Townhall.