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RE: My response to Justin
If you believe corporations shed their liabilities every time new stakeholders attain majority stakes, you are no capitalist, but something else. Either Steemit Inc. made such representations to investors, or they did not.
I submit that plentiful written representations of Stinc as to their use of the stake they mined exist, and further that 4 years of history of deployment of that stake back that record up.
It is facile and disingenuous to purport that Stinc's Steem has no limitations and earmarks on it's use that differentiate it from all other stake, and since that is your position, your position is irreconcilable with extant circumstances.
Get good, or get gone. Pander to Tron somewhere else.
Show me a legal document in regards to the Steemit stake and your claims. Until you or someone else does all I'm seeing is opinions based on emotion.
I don't pander to Tron or any other company. I simply look at all the facts brush all the emotional opinions aside and come to my own conclusions.
You can research corporate law as well as anyone else. The fact is that what constitutes a contract isn't restricted to documents executed by hand in front of witnesses, and myriad precedents to this fact apply.
Why do you think prospectuses carry disclaimers? Because they can be interpreted to be contracts between advisors and investors, and thus would create liability were the disclaimers not present.
Disclaimers such as this one ....
DISCLAIMER
Steemit Inc. (The “Company”), is a private company that helps develop the open-source software that powers steemit.com, including steemd. The Company may own various digital assets, including, without limitation, quantities of cryptocurrencies such as STEEM. These assets are the sole property of the Company. Further, the Company’s mission, vision, goals, statements, actions, and core values do not constitute a contract, commitment, obligation, or other duty to any person, company or cryptocurrency network user and are subject to change at any time.
The representations Stinc and it's principals made long predate that disclaimer, and it is probably unenforceable due to that and investors reliance on those representations, as well as it's obscure placement.
There's a reason the disclaimers in prospectuses are unavoidably obvious, and this disclaimer is practically impossible for folks to find. I've never seen it before now, for example.
Lots of people sign up to different sites without ever reading any of the T&C's sites have in place. A site/company (Steemit or otherwise) can't force someone to read disclaimers and/or T&C's. They can only provide the information in a reasonable manner. The disclaimer is located in the wallet section which seems like a reasonable enough place for it to be to me.
Since you admit to never seeing it before, how can you be sure the disclaimer wasn't up before the "promises" made? It could of been in another place you haven't looked before.
No legal document that shows the Steemit Inc stake is not privately own means that it is privately owned. When push comes to shove, the legal aspect here is all that matters. If Justin Sun was to take on the same goals and promises made by the previous owner of the stake then that would be his decision but he shouldn't be strong armed to do so.
The Ninja Mined stake been alive and active on this site and now when someone uses their hard earned money to purchases millions of dollars worth of it a small group of hand selected individuals decide to fork that stake. I'm sorry but that's a real shitty thing to do. Steemit Inc. isn't the only ninja mined stake on this blockchain. I think legally, Justin Sun has allot more on his side then not.
I have my fingers crossed this all works out in the end and Hopefully Justin Sun is going to stick around to help Steem(it) and the Steem blockchain grow because after this whole fiasco who in their right mind would invest big money into a place in which treats large investors as Justin Sun has been treated.
Look, you clearly intend to pander to Tron, so I'm not gonna bother to read your screeds anymore. Here you begin by ignoring we're talking about investors spending cash, not signups for free emails, and you're obviously spinning and dodging any facts that don't support your obsequious intention. I have no interest in BS.
Have a good day.
As I said already, I pander to no company. I simply push aside emotional dribble and look at the facts. Like the fact you brought up its hard to find the disclaimer and the fact you admited to not seeing it before. I addressed both andnow you whine about the fact I adressed those comments of yours.
I ignored nothing, Justin Sun (Ned)/Steemit stake is private and if some invested in the STEEM blockchain because of his actions then great. The man has a right to sell any amount of his stake he wants to regardless of the reason you or anyone else invested.
You say you don't pander yet you say that while pandering. Scarface pointed out we only have two things in the world, our word and our balls. I hope you still have your balls, because your words are without value.
You claim to have addressed the fact that the disclaimer you tout is hidden, and late to the game, but you did not address these facts. Neither did you address why disclaimers on prospectuses are highly visible, even unavoicable, in sharp contrast to the Steemit disclaimer.
You're not avoiding drivel. You're spewing it. Did you take lessons in speaking from Roy Liu? You seem to state exactly the same nothing with your words he does.