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Topic: [NEWS] Did Binance just help Justin Sun take over the Steem network? (Read 1088 times)

full member
Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
If binance did really help justin sun take over steem using customer coins this will reflect on the exchange the feedback will not be good it will create a lot of misunderstanding and trust issues.
I think that people will continue to trust the exchange anyway. this news does not matter. everyone knows that the binance is involved in many conspiracies that are aimed at taking money from users, but  people still trade on this exchange because it is very convenient and high-quality
jr. member
Activity: 84
Merit: 6
refercoins.com
Yes, they used the steem of people on the Platform to try to overtake the steem witnesses, which was a bad move for an exchange, they released the steem after people complaining about it and the new fork creating Hive, looks like steemit is in the final countdown.
legendary
Activity: 1694
Merit: 1003
If binance did really help justin sun take over steem using customer coins this will reflect on the exchange the feedback will not be good it will create a lot of misunderstanding and trust issues.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
I think what happened was Binance boss did not like what Justin Sun was doing,,, but then his marketing team told him he was being too harsh with what he said.

It must be remembered that both companies have the approval of Chinese government to run,,, so they ultimately work for the same "boss".
full member
Activity: 1829
Merit: 134
Moderator
Steam is a 100% centralized scam. They removed my threads and articles multiple times in 2018 just because it would provoke certain group of evil people. I stopped using it since then. Atleast centralized medium.com is more honest and they don't pretend.
I suppose that was Typo or auto-grammar? Steem not steam, Just curious what happen a few months before, because I'm not active in steemit and see it turns out that now there are different platforms Steem and Hive, right now I'm still using steemit to write a few articles and still doing research about what happened before because I just became active again a few weeks before, Also blocktrades.us it's not accepting steemit swap again which makes me even more confused, but after reading this thread I think I'll make the transition from steemit to hive.
jr. member
Activity: 39
Merit: 1
I guess I always supported a free market and if Justin Sun (which I dislike very much) managed to take control of steemit, maybe he deserves to control it at the end as well? I am not saying he should do bad things just because he can but if steemit is not strong enough to fight off an attack at this level, how could it really hope to be a decent coin in the future as well.


I agree in one part with you here, but the problem is that he also bought (afaik) coins that shouldn't be in the market from one of the developers, under the table, so it wasn't really like a free market take over, more like a sneaky move.
copper member
Activity: 69
Merit: 0
Quote
@smooth. What would be your suggestion for the leaders of the 2 platforms?

My suggestion would be to ignore Steem as a failed project that is now a centralized sham of a blockchain little different from Onecoin or other such scams.

If you think that Hive is sufficiently different as to escape that fate then it might have merit otherwise the same thing applies.


Steam is a 100% centralized scam. They removed my threads and articles multiple times in 2018 just because it would provoke certain group of evil people. I stopped using it since then. Atleast centralized medium.com is more honest and they don't pretend.
legendary
Activity: 3010
Merit: 1460
Quote
@smooth. What would be your suggestion for the leaders of the 2 platforms?

My suggestion would be to ignore Steem as a failed project that is now a centralized sham of a blockchain little different from Onecoin or other such scams.

If you think that Hive is sufficiently different as to escape that fate then it might have merit otherwise the same thing applies.

I reckon this opens a space for another entry of a reddit type cryptospace project. It might be possible to create and develop this on Monero's sidechain, Tari?

The whole /r/Monero and /r/Aeon subreddits can be moved there hehehehe.
member
Activity: 154
Merit: 10
i have always believed that there is a common bond between justin tron and C.Z the owner of binance. i think both has been together and will not like to see their project depreciate . Tron has been on loads of accusations and charges by governments but it is still standing. i think this is coming from the support it got from binance and also maybe from the Ethereum founder.
legendary
Activity: 2968
Merit: 1198
Quote
@smooth. What would be your suggestion for the leaders of the 2 platforms?

My suggestion would be to ignore Steem as a failed project that is now a centralized sham of a blockchain little different from Onecoin or other such scams.

If you think that Hive is sufficiently different as to escape that fate then it might have merit otherwise the same thing applies.
legendary
Activity: 3010
Merit: 1460
News update 1.

On a shocking twist, Justin Sun has tweeted that he was not involved personally in this hard fork. He supports the Steem witnesses who are voting for the hard fork to seize the coins of the hostiles, however.



Since the article was published, Sun tweeted, "First of all, both Steemit Inc. and I are not involved in this hard fork. However, I do have sympathy for current Steem witnesses and can see where they are coming from. The Hive witnesses took their assets away from them by force, causing huge losses to them."

"I am not involved in this decision in any way, but as a member of the Steem community, I am entitled to my own opinions. Since Hive took the assets from the Steem witnesses, vitalik & the misleading media have been 100% supportive of it," he added.


Source https://decrypt.co/29416/steem-network-to-seize-5-million-from-its-own-users



News update 2.



Justin Sun calls the cops over ‘stolen’ Steem funds

Source https://decrypt.co/29564/justin-sun-stolen-steem-funds
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
I guess I always supported a free market and if Justin Sun (which I dislike very much) managed to take control of steemit, maybe he deserves to control it at the end as well? I am not saying he should do bad things just because he can but if steemit is not strong enough to fight off an attack at this level, how could it really hope to be a decent coin in the future as well.

Even if Justin sun completely removes himself from steemit and sells it and just leaves, how could be sure from now on to the future that nobody else will try something like that. Steemit had a chance to show it is resistant and it failed so right now whatever happens it is an coin that is untrustworthy for me.

Its always going to be a threat when anyone can do it with a huge amount of steem particularly exchanges that will conspire to take control over such project. That new fork hive could even be controlled if they are not going to change things from now on. And of course SUN also got the chance. They supported the fork too. All of Dan's work turned bad in the end.
legendary
Activity: 3010
Merit: 1460
I am shaking my head. I reckon the leaders of the Steem and Hive platforms have only been successful in corrupting their own coins.

@smooth. What would be your suggestion for the leaders of the 2 platforms?



Steem, a popular blockchain and social blogging platform, will undergo a hard fork on Wednesday to shut down accounts that object to TRON’s leadership, seizing about $5 million in STEEM in the process.

This hard fork will arguably censor several blockchain accounts that are sympathetic to Hive—a blockchain that many users moved to after TRON‘s CEO, Justin Sun, bought-out Steem’s development company Steemit Inc in February.

Steemit, however, argues that Hive is a hostile fork and that many of its users are causing trouble. It claims that many users are sending spam transactions, posting recycled content to disrupt the rewards system, and attacking and doxxing users.


Source https://cryptobriefing.com/tron-will-seize-5-million-steem-from-dissident-tokenholders/
member
Activity: 854
Merit: 10
I think this is the right way done by Justin Sun. but what is unfortunate is why steemit users actually block and pull the sets they have. could this not be a boon for steemit users ?? so they chose to do this
legendary
Activity: 3010
Merit: 1460
@layer1gfx. Changpeng Zhao is Justin's best friend in the cryptospace. He will not list Hive on Binace, I reckon. Also, not 1 of the exchanges that has business relationships with Justin will not list them also.

In any case, I predict more Hive holders will dump Hive and return to Steem after this war. Justin is not yet finished.



Tensions between Steem (STEEM) and the Hive (HIVE) community continue to escalate, with Steem executing a soft fork to freeze up to 20 accounts owned by the network’s former witnesses.

The frozen accounts hold 17.6 million STEEM, worth approximately $3.2 million and equating to nearly 5% of Steem’s total supply.

On April 4, the soft fork was proposed in a Steemit post authored by the new account "softfork2288."
In response to the purported “uncertain threat that the leaders and main influencers of [Hive] represented to the Steem Blockchain,” the fork sanctioned roughly “no more than 20 accounts “ that meet three criteria:

“Accounts that ran the version 0.23 during the Hardfork on Steem and were still in the Top 20 rank, shortly before the Hardfork. Accounts that proxied or directly voted to more than 10 witnesses running the version 0.23 on the Steem Blockchain during the hardfork with high influence. Accounts directly associated with operating these accounts.”


Read in full https://cointelegraph.com/news/steem-soft-forks-to-freeze-176m-tokens-held-by-former-witnesses
legendary
Activity: 2128
Merit: 1109
Graphic Design & Translation - BTC accepted here!
i am still wondering what binance is planning there with HIVE, it is rather neutral now, saying they might list it but then they might not.
the distribution of the fork happened but i wish we could trade or withdraw it now.
legendary
Activity: 2968
Merit: 1198
@smooth. I speculate Justin's quietness about this matter is a sign of danger coming. He might be talking to his lawyers to begin a lawsuit versus the witnesses.

Whoever might win the case would certainly take the cryptospace on a significant turn for better or worse.

I have no view on what Justin might be doing nor what some silly legal system might do.

Ethically, in my own view, witnesses have the right to include or not include whatever transactions they want into a block, and also to run whatever software they want on their own computers. I don't see where anyone has undertaken any obligation to do otherwise. But, like I said, legal systems can be silly.
legendary
Activity: 3010
Merit: 1460
@smooth. I speculate Justin's quietness about this matter is a sign of danger coming. He might be talking to his lawyers to begin a lawsuit versus the witnesses.

Whoever might win the case would certainly take the cryptospace on a significant turn for better or worse.
legendary
Activity: 2968
Merit: 1198
@bbc.reporter

Yeah, it is hard to tell what is really going on there. Both shady and slippery characters for sure, so public statements are not worth much (anything) and we don't have much else to go on, at this point, unless a whistle blower comes forward or something, but that seems rare in crypto. In reality we may never know.
legendary
Activity: 3010
Merit: 1460
@smooth. Thank you! I would assume that Justin Sun and his team are the parties at fault in the situation because it appears that he did not do any research about Steemit and the history behind the premined coins he is buying. Also, if he did his research it was very stupid of him to try to force his own plans on the Steem community without consensus.

I reckon Ned Scott might have tried to use Justin to do what he cannot do. Control Steem.
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