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RE: The Great Steem-Tron Meltdown Explained
My stance is that we (mostly witnesses) should have done something about the ninja mined STEEM. But we reached a detente with Ned, and so did nothing.
And when Ned sold those STEEM, it appears that Ned didn't tell Mr. Tron of the obligations that came with that STEEM.
Good points. To add to that, I would question whether the agreement Ned made with the witnesses, is legally binding under US law. If it is, then Ned has broken the law, if it wasn't, then I fear it is the witnesses whom have erred.
Cg
i never saw anything written down.
And seriously nothing was signed.
As i say, it was a detente.
Proving the agreement in a court of law would probably be impossible
but since most of it was discussed on the block chain, it could be doable.
Yeah, that's the point. If it was never ratified as a legal document, then legally Ned was allowed to sell Steemit with the ninja-stake attached to it, allowing the new owner to do whatever they wanted with it.
So whilst Ned may have acted like a shit, and the witnesses like cowards, as far as I can see here Justin broke no laws in the first instance. However I reckon that changed the minute he persuaded exchanges to steal people's funds for the power up.
Cg