This is going to be nothing but a slaughter fest and I'm no proponent for freezing funds, but this is not supposed to be STINCs money nor Ned's personal checkbook. This is supposed to be decentralized development and used for delegations to foundations. Obligating STINC to a 10-year commitment to STEEM will drive value to the chain and alleviate depressing prices.
We all miss the euphoric parabolic days. We all miss South Korean $10 SBD pumps. We all remember the crazy wild ride that Dec-Jan took us on.
The only way to get back there is to #BUIDL2019MOON2020. At our peak, with 1 million users, we reached massive congestions. The blockchain HAS to scale BEFORE the next bull run. Projects that cannot scale will inevitably fail.
STINC dooped us all on SMT Hopium for OVER A YEAR, then flops it, says it needs to scale, then flops 70% of their staff. STEEMs future is NOT in the hands of Ned, it is in the hands of the brilliantly capable valuable developers Ned laid off. THEY will drive development on the platform and THEY deserve rewards NOT STINCs premine. Freeze STINC funds, distribute it over a 10 year period, and demand contribution or step aside! There's a new (committee of) sheriff(s) in town.
I am entirely OK with STEEM freezing STINC funds. Ned's leadership in the company, community, and ecosystem has been nothing but a disaster and it is time for the ecosystem adapt, development to shift to the community, the community to vote with their wallets on which direction STEEM ought to progress.
Calling community uprisings "hackers" while letting go 70% of your team and dumping your now shitcoin onto our hands and depressing the price further is bonkers and placing limitations to STINC power downs is less a hack and more of an accountability and establishment of commitment to OUR project and OUR future. There's a reason why B1 has a 10 year distribution period as it makes a long-term commitment from Dan and B1 to the advancement and success of EOS.
THERE'S A REASON WHY STEEM HAS BEEN PUMPING MORE THAN MOST ALTS.
People were excited about these rumors and should be more excited about the fruition of these developments. STEEM is in the best hands of the PEOPLE not the centralized authority that currently exploits it more than contributes to it.
