RE: Steem Consensus Witness Statement: Code Updated

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RE: Steem Consensus Witness Statement: Code Updated

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bashadow in #steem • 5 years ago

Economic sanctions rarely work, quite often they lead to war and devastation. With the witnesses living in many countries, and a lot of you are a lot smarter than I am business wise, what do you think would be the results if Justin decided to challenge your actions in a legal arena? The sale of steemit.inc seems to have been a very legal process conducted between two very diverse countries, China (Tron), and America (Steemit). The sale evidently did not violate either Countries legal System. The witnesses with this action, if I read/understand correctly, have basically Frozen Steemit.inc's assets. In most parts of the world it takes a court order to legally freeze an individual or companies assets.

5 years ago in #steem by bashadow

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smooth 5 years ago

If you look at literally what is happening, it is witnesses declining to process certain transactions. That's a little different from 'freezing', even if the practical effect is similar. I'm not sure how courts might take up the issue of compelling witnesses to process a transaction they don't support, but morally I'm pretty sure I am okay with it, so long as the witnesses can still be voted out and replaced, which they can.

IMO, if someone doesn't like the way the witnesses chosen by stakeholders do their job, then the best recourse is to vote in new ones, and if you don't like DPoS where stakeholders choose witnesses, choose another blockchain.

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bashadow 5 years ago

IMO, if someone doesn't like the way the witnesses chosen by stakeholders do their job, then the best recourse is to vote in new ones, and if you don't like DPoS where stakeholders choose witnesses, choose another blockchain.

Vote in new ones, I don't know how current and up to date http://www.steemreports.com/witnesses/ is, but if It is current and up to date, blocktrades is now the nuber one voter and can cast 10454 votes, where as all accounts that have voted and can cast less than 35 votes is 3,572 votes. (that is for the first witness on the list which is gtg, so I am skeptical of the accuracy since I did see another tool that showed Roland as the numeber one witness). Small accounts like mine make no difference in a vote and that is why we use proxies to bolster our collective vote power.

I do just love how when people point issues out with certain aspects, or pass on their thoughts if it is wrong thought in the minds of some the typical response is if you don't like go somewhere else.

I like the steem block chain. I perceive a problem with the way down votes work, and with the way the witness vote system works. So your IMO is more relevant than mine, that is fine you have invested money, after seeing this issue do you think any other large investors are going to be willing to risk having their funds tied up and crippled.

There were rumors of a sale before the official announcement, if there was such a concern over the ninja mined stake being sold then this action should have been taken at that time. The witness have had four years to do this, they did not.

Just my honest opinion of how I see it, but if you want everyone to be an echo box of your opinion, I would suggest that you find a place where people are not allowed to voice their opinion such as you tube and face book. Just as you suggested I find another block chain.

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