How Binance, Huobi & Poloniex Attack the Steem Blockchain! | Thoughts on Moving Forward
I wanted to make a break down of the situation for my Youtube audience who might not be following these things as closely as the Steem community has. If you are all the way up to date with the situation you can skip to 6:03 to hear my thoughts on what we should be doing moving forward!
TL;DR
On the past:
Don't trust Binance, Huobi & Poloniex
There is too much centralized power in the decentralized space
Be wary of any Justin Sun project which he has centralized
Not confident in any Justin Sun project that relies on him (Steem won't)
On moving forward: We need to capitalize on the momentum we have and take action! There are two options I see:
-
We deal with Justin having his stake. I don't see anyway he is going to not use his stake as he pleases based on his reactions and statements. He has taken this personally. I don't think the legal route is going to work by trying to uphold previous company policy. I think we need to move on from that. If we are staying on this chain we are going to have to deal with him.
-
We fork and don't have to deal with Justin Sun's stake. I think it would be fair if the other ninja mined stake would be deleted as well. We leave while the community is unified. I think it would work better than other forks because we have a unified community and a social blockchain.
Follow me on other platforms!:
Watch my streams on Twitch: @therealschubes
Thanks for watching!
▶️ 3Speak
