The Steem DPOS system collapsed 3 times in one week :
@justinsunsteemit bought 20 % of the stake from
@ned and has been able to vote who he wants as witnesses
- A group of 20 witnesses decided a soft fork from a secret meeting, by themselves without asking the community.
( I wander where is the interest of a minnow to restore the power of the 20 so-called « elected » witnesses. This not an election, this is the richer decide. A real election is based on one person, one vote.)
@justinsunsteemit and 2 or 3 exchanges has been able to strike back without asking anybody.
So the steem blockchain has prooved not be decentralized at all, It never has been, but a not so bad marketing succeeded to convince naive people like me that it was.
So where would the demand could come, today ? What is the advantage of Steem compare to Facebook, LinkedIn or Voice ? Who do you prefer : Justin Sun, Zurkerberg or Dan Larimer ?
The ongoing battle will make a lot of victims. I do not doubt that the richer will win, one more time. I really wonder why witnesses are complaining, this is the rule they have installed on their nodes.
I am curious to see how Justin will be able to pump Steem up to get his investment back. There is a chance that this will profit the communities, but more likely, he is going to resale our personal data. The 3,600 posts and comments I made on Steem these last 3 years give a lot of information about who I am. It can be analysed by an AI and sold. Some authoritarian governments could be interested to buy information about who I am.
RE: What If Exchanges Won't Be Able To Quickly Regain All Their Powered Up Steem?