This is in no way similar. A witness consensus voted by community stake is a decentralized action.
Exchanges taking customer funds to do a hostile takeover and completely centralizing the chain is an abomination of crypto.
Steem, at this moment is 100% centralized.
There is no point in it being a blockchain.
Community stake ? You needed what ?blocktrades and or freedom vote to be in top 20 ? Is that the community consensus ?
I seriously don't know if that's the case
Vast majority of witnesses and community members were on board with the SF. This is an action by 1 guy that bought himself a blockchain by telling his friend CZ to use customer funds to takeover the chain for him.
Has this not always been the case though? I've maintained since forever that all it takes is one wealthy bad actor, a youtuber prank or something and bam, centralised on a whim. Decentralization has always seemed somewhat of an illusion mixed with a pipe dream to me that only really functioned because Steem isn't popular or known
not really, because you can't buy that much from exchanges and not skyrocket the price.
It was only really ever as decentralized as @ned wanted it to be. Perhaps it will dawn on folks that @ned never did this, even though he could have at will, at any point in time.
All of us only ever spoke freely because @ned wanted us to, and that includes all the admiration for his hair.
Miss him yet folks? I sure do.
Don't miss him at all; he set this up as an inevitability from the very beginning and made no effort to fix. People on twitter have predicted such a 'coup' via exchanges specifically for years. I ain't wishing back anyone who created such a scenario
I have long shouted from the rooftops this vulnerability. No one competent to run a witness could have failed to understand it, and be aware of it's existence. That they did nothing to resolve the problem is not @ned's fault.
This is the fault of those witnesses and substantial stakeholders that continued to benefit from the gross inequity of distribution and did nothing to fix the problem until @justinsunsteemit bought @ned out. When trustworthy @ned was no longer standing between them and total centralization of 'their' blockchain, suddenly they blame @ned for creating the problem.
Bullshit.
Customer funds?
Exchanges bought a lot of STEEMs 2 days ago causing +25% price pump...
They literally bought blockchain.
They didnt buy 100 million Steem. The price would have gone up much higher.