Justin Sun “hostile takeover” on the STEEM network briefly explained.

Justin Sun “hostile takeover” on the STEEM network briefly explained.

By alberdioni8406 | S.O.S | 4 Mar 2020


Since Ned Scott former Steemit Inc CEO, announced that he agreed with Justin Sun to sell his part on Steemit Inc the community showed their concerns about that involvement from Justin Sun in the Steemit affairs as this guy can say one thing and do other one, he just seems not very accurate in what he says! And that could be another suspected intention from the community but he just give them reason to believe that the concerns showed by all the members was actually right!

The community concerns wasn't in vain, as Steemit Inc owned 65 Million STEEM that the Firm was compromised to use to develop the Ecosystem. Affraid of what those STEEM could be used for, the  community engender a soft fork to prevent and ensure the STEEM stake wouldn't be used to vote as (apparently) promised by the Founders, only to be used to development and sustain the ecosystem. Seems that the first step Sun took as CEO was to unlock this founders tokens without worrying about what investors and members did to protect them from his "evil" intentions!

He gave a damn shit about they concerns and with the help from his "Godfathers" Binance, Huobi and Poloniex reversed the STEEM community vote accessing the 65 Million STEEM! The Steemit Decentralized blogging platform backed by STEEM Blockchain is now in the hands of Justin Sun 😐.

Let's understand what they did it:

They used the community and investors tokens to vote against what the community decided, using the influence in the 3 exchanges Binance, Huobi, and Poloniex and made the 80 million of customers they secure to vote via DPoS to fork the STEEM chain and replace all the community decided consensus witness, with the new ones controlled by Justin Sun with their partner Binance leaded by CZ.

Of course this sound more as a Hollywood movie but it's what happened, Justin Sun is well known as a person who says one thing and do other one, and I also have to blame Ned Scott as he didn't give also a damn shit to the STEEM community, was more concerned by his new Millions that Sun and TRON Foundation could pay him.

A platform is solely a community when it supported by the members, when the Founders of projects stop giving value to that, that becomes a complete insanity, community deserves respect as the platform value is given by engagement registered between the users!

Also I have to admit that Binance and CZ showed some bad behaviour, he who always claim for the goodies for Binance community could participate in that orquestra played by Sun, this is absurd, hope He changes his mind and Abort that support in Justin Sun in behalf of the STEEM community.

​Read more detailed information and roll up on the blockcrypto news here.

Republished Article Original found at Uptrennd Platform From My Authorship Here.

​**Image found here.

 

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