RE: The Legal Basis of Cryptocurrency Forks

any stake purchased on an exchange or earned through posting on Steem blockchain is not a "ninja mined" stake. Your stake is not ninja mined. In the very earliest days of the Steem blockchain "miners" could earn steem by solving math problems with computers (proof of work). It is called a "ninja mine" because it was not (well) publicized in advance of the chain becoming operational nor did Steemit, Inc provide documentation on how to set up a miner and mine. So basically, Steemit Inc ran a bunch of computers to mine steem, didn't tell anyone else they could run computers to mine steem, and didn't help other people set up computers to mine steem once they did figure out they could mine it. So by the time other people had heard about it and set up their own miners, Steemit Inc already had the lion's share of the Steem produced by mining. It was a "ninja" mine because it was sneaky LOL

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roger5120 6 years ago

Thanks for your response. I wanted to ask because a lot of posts going around by so many and saying that those steem sold and bought on the exchanges were probably the ninja mined tokens, which he supposedly wasn't legally allowed to sell. I wanted to find out if what I bought from the exchange weren't illegal tokens.

And of course just like anyone else, no one wants to be conned or be a part of that or take part of that type of dealership dealings that's crappy and fraudulent.

Thanks for the response and explanation, appreciate it .

0.00 BPC