Posts

Justin Sun and Steem Power

avatar of @gduran
25
@gduran
·
0 views
·
2 min read

Again I don't understand this Justin Sun problem completely, now according to what I understand Sun bought over 70 million Steem, that is a huge amount of VP once it is powered up. This stake was frozen by the witnesses with hard fork 22.2, Justin Sun counterattacked with the help of several crypto exchanges which loaned him the votes to give him enough power to vote in his own witnesses and free his stake.

This was already done right? His stake has been freed and he has what he wanted. Or are his funds still frozen? This has me wondering because I know for a fact that @freedom and @pumpkin were able to vote the witnesses they wanted into the top twenty and their Steem stake was only about 10 million, also ninja mined stake which no witness thought to question since it was in their benefit.

Now if Sun does have his stake free it means he can have the power of 70 million Steem stake behind his vote, no way any Steem community can stand up against that. This must mean he cant power up his stake yet. But then what did he gain by getting access to the top twenty witness places? And if this is so then the ones who would have the cards would be the witnesses but they don't, the way I see it they are not too sure of what is happening either, at least not all of them.

I think there are a few things that are not being told in this drama, and I think these guys on both sides are talking without the community knowing to get this fixed according to their own interests. Decentralized? I really don't think so.