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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:

Justin Sun Buys Steemit Inc, Witnesses Freeze Him Out: https://www.coindesk.com/justin-sun-bought-steemit-steem-moved-to-limit-his-power

Deleted Blog Post by Steemitblog (Justin Sun) https://archive.is/Qmdei

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25 replies
  1. Mark Goodman
    Mark Goodman says:

    Thanks for the video. It is an eye-opener for what is happening at Steemit. I just looked at Steemit witnesses. The very top witnesses have changed from the past year. Also 8 of the top 100 witnesses have disabled (discontinued) in the past 12 hours. Big change as you were saying. Not sure with whom to place my witness votes.
    Another problem – to divest Steem is difficult as people usually keep their steem in steem power which gives the right to vote on content one likes. Sounds great but it takes 26 weeks to fully power down from steem power. Only a small percentage is allowed to be withdrawn each week.

    Reply
  2. HAUL
    HAUL says:

    Top 20 witnesses are a central authority at well. So essentially steem is just being taken over by a new central authority. The last one sucked and steem failed so I can't see the harm in the new central authority trying to grow steem. It cant get much worse.

    Reply
  3. Rock Howard
    Rock Howard says:

    Why pick on DPOS? Any premined coin is subject to this type of manipulation. I would agree that 20 core validators is too small, but larger numbers I think can be fine when there is no premining or other special rigging.

    Reply
  4. Exciting World Cryptos
    Exciting World Cryptos says:

    All i can say. we just have to wait and see what happens with Justin and on Steemit. Maybe nothing. Maybe many things, maybe little things, just have to wait and see. Regardless it is out of our control. Best to take a seat and watch. Thanks for shariing.

    Reply

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