Vitalik Buterin Dismantles Dan Larimer's Claim Of Decentralizing Steem

Today, Vitalik Buterin tweeted about importance of "Exit to community" for projects, quoting a short article.

Dan Larimer decides to jump in on an opportunity for brag about his accomplishment, quotes the tweet and says this:

LOL

For any Hive Bee it is abundantly clear that Dan did not decentralize Steem, and quite the opposite. A few days ago we have read the article by decrypmt.co titled - Steem vs Tron: The rebellion against a cryptocurrency empire, which informed us of many things we were not aware of before including how Dan & Ned colluded to get super majority ninja mined staked for themselves before anybody else could.

The blockchain was supposed to launch in a week, at the end of March. Today was only March 23, 2016.

Imagine then the crazy, wild surprise that swept through Notestein’s basement when one developer saw that the blockchain had already gone live. The main-net was up and running; the genesis block had been verified.

A week later, Notestein realized that Scott and Larimer had used the surprise launch to give themselves a head start to mine 80% of the supply of Steem tokens. Typically, when a blockchain like this launches, everyone knows the launch date in advance, which levels the playing field, and can ensure that the tokens are evenly distributed among investors. But that didn’t happen here.

So, we all know Dan did not decentralize Steem. In fact his very actions early on, and later greed of Ned destroyed Steem. I find it strange that he tries to claim today that he decentralized Steem. Many people lost investing in Steem, believing to what he and Ned said in the past.

This is how Vitalik responds to Dan and dismantles his claim:

Posted Using LeoFinance