Topic: [NEWS] Did Binance just help Justin Sun take over the Steem network? - page 3. (Read 1088 times)
March 04, 2020, 12:57:13 AM
Justin is one of the blockchain actors who is quite aggressive and has a good marketing vision. Although many people underestimate the project they are working on, but it is proven that projects that are made are quite successful in the market and have good liquidity and are traded in large exchangers
March 04, 2020, 12:02:39 AM
Didn't the holders who stored their coins in binance heard of "not your keys not you coins"?
Still its not right to use the users funds and worse using it for voting in their favor. I don't think people will still be interested invest to steemit unless they see Sun's making it better. But I am amazed to their strategy though.
March 03, 2020, 11:54:17 PM
I think there is no use dragging binance into this controversy as it is simply Justin Sun taking over steem and there has been some resistance from steem community against it but i think that if he has rightfully purchased the majority shares then he has all the rights to the platform and all these things should be resolved in a good manner between the two parties.
Why not? The user deposited funds on binance were used to vote for witnesses. It's not ethical thing to do.
Steemit users don't want steem to become another tron based token, hence majority are against it.
March 03, 2020, 11:26:05 PM
binance used customers' coins to vote which is not okay. they will undo it or already did, not sure. it looks all very much like a power struggle.
sure, justin sun bought the project so he can do what he wants with his purchase, but if his actions are destroying the whole idea, then i wonder what he intended to achieve in the first place?
Yeah, CZ announced that he had unvoted. Huobi has also removed their vote..sure, justin sun bought the project so he can do what he wants with his purchase, but if his actions are destroying the whole idea, then i wonder what he intended to achieve in the first place?
Everyone should understand that keeping your funds in an exchanges is like keeping your money in a Bank. All you are having is the numbers you can't do shit with these numbers. So, if you are not holding the keys for your coins, then it's not yours. Unless you are actively trading, don't keep your funds in an exchange.
March 03, 2020, 10:57:32 PM
binance used customers' coins to vote which is not okay. they will undo it or already did, not sure. it looks all very much like a power struggle.
sure, justin sun bought the project so he can do what he wants with his purchase, but if his actions are destroying the whole idea, then i wonder what he intended to achieve in the first place?
sure, justin sun bought the project so he can do what he wants with his purchase, but if his actions are destroying the whole idea, then i wonder what he intended to achieve in the first place?
March 03, 2020, 01:48:17 PM
I think there is no use dragging binance into this controversy as it is simply Justin Sun taking over steem and there has been some resistance from steem community against it but i think that if he has rightfully purchased the majority shares then he has all the rights to the platform and all these things should be resolved in a good manner between the two parties.
March 03, 2020, 01:15:30 PM
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.
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.
March 02, 2020, 11:29:30 PM
CZ said on twitter they will most "likely" remove the vote after receiving a lot of negative feedback:
hopefully huobi and poloniex will follow the same example. reading the comments on twitter give you a bit more of a perspective of how long this should take to undo...
Quote
Re: Steem, read my “tweets and comments” about our position and thoughts on the issue. We will likely remove the vote, based on your feedback. The op requires people in several different geographic locations to coordinate, may take a little time.
hopefully huobi and poloniex will follow the same example. reading the comments on twitter give you a bit more of a perspective of how long this should take to undo...
March 02, 2020, 09:33:41 PM
If your cryptocoin is a proof of stake or delegated proof of stake coin, I reckon that you should withdraw them from the exchanges immediately. You do not want your favorite exchange to become your own tormentor hehe.
Also, the Steemit community's softfork to protect itself was acted hastily and got another softfork act that was also hastily given by the threat hehehehehe.
Have centralized exchanges used customer funds to help Tron CEO Justin Sun regain control over the Steem blockchain network?
That appears to be the case, according to crypto industry observers, Vitalik Buterin, the founder of Ethereum, and the CEO of one of biggest exchanges on the planet, Binance—who confirmed his exchange’s involvement in a tweet.
Sun recently bought Steemit.com, essentially a decentralized Reddit that runs on the Steem blockchain. With the purchase, he also got access to a large amount of pre-mined Steem. But eight days ago, the community voted in favor of a soft-fork that would prevent Sun from accessing these tokens until he provided more detail about his plans for Steemit.
“So Justin reacts by getting more Steem from his friends to regain control over the platform he just purchased,” a developer who’s worked on apps on Steemit, Jason Stallings of BlockArcade, told Decrypt. “We're at the start of the Steem/Tron war of 2020,” he said.
“They tried to wrestle control from Justin and he outplayed them by utilizing his influence just the same as he will for the platform going forward,” Alexander Klein, a blockchain developer and Steemit contributor, told Decrypt.
Read in full https://decrypt.co/21108/did-binance-just-help-take-over-steem-network-justin-sun
Also, the Steemit community's softfork to protect itself was acted hastily and got another softfork act that was also hastily given by the threat hehehehehe.
Have centralized exchanges used customer funds to help Tron CEO Justin Sun regain control over the Steem blockchain network?
That appears to be the case, according to crypto industry observers, Vitalik Buterin, the founder of Ethereum, and the CEO of one of biggest exchanges on the planet, Binance—who confirmed his exchange’s involvement in a tweet.
Sun recently bought Steemit.com, essentially a decentralized Reddit that runs on the Steem blockchain. With the purchase, he also got access to a large amount of pre-mined Steem. But eight days ago, the community voted in favor of a soft-fork that would prevent Sun from accessing these tokens until he provided more detail about his plans for Steemit.
“So Justin reacts by getting more Steem from his friends to regain control over the platform he just purchased,” a developer who’s worked on apps on Steemit, Jason Stallings of BlockArcade, told Decrypt. “We're at the start of the Steem/Tron war of 2020,” he said.
“They tried to wrestle control from Justin and he outplayed them by utilizing his influence just the same as he will for the platform going forward,” Alexander Klein, a blockchain developer and Steemit contributor, told Decrypt.
Read in full https://decrypt.co/21108/did-binance-just-help-take-over-steem-network-justin-sun
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