Justin Sun owns his stake of the Steem blockchain like you own your stake of the blockchain. I'm not saying he owns the whole blockchain.
But if witnesses could freeze a stake without talking to the owner, this would mean they own everybody's stake and the blockchain as a whole, and that there is no ownership for someone outside the witnesses.
I personally guarantee that your 36,603.806 STEEM won't be taken away :)
If we didn't do anything that could have been worth zero, at least now there is a possibility that it may be worth something.
I'm not scared about my stake, why would anyone fork me out? But what would investors think about buying a currency that can be frozen?
You're talking about possibilities of going to 0 but I don't think that ownership should be taken away just because of your (or anyone's) fear.
And you can't guarantee anything about my stake, it's not like you're my banker. Your arguments are wrong on so many levels.
Anyway, I see where you're coming from.
But what would investors think about buying a currency that can be frozen?
Actually many potential investors have decided to not invest in STEEM exactly because there was this threat from day 1.
Bottom line is. He acquired a company and the tokens that cam along with that company shouldn't be in circulation in the first place.
They chain stopped and started again 2 if not 3 times until they mine all this stake which felt as a governance stake.
Justin is way more clever that Ned and that dormant stake...wouldn't stay dormant for much longer.