This has definitely been a hot topic all across the blockchain over the past day or so. It's been quite a wild ride to see how this played out.
For those of you who don't know the true history of DLive, I recommend you check out a great post by Heimindanger that explains it far better than I could.
Heimindanger is much more in tune to what's really been going on than I am.
Many other seem to have a pretty substantial amount of knowledge about the whole ordeal.
I didn't become aware of many of these things until yesterday when I heard about it all from them.
In my own way of synthesizing this, here we go:
DLive and the founders of DLive started building their own token platform for video content on the web. They call it "decentralized" but in reality, their service is far from decentralized.
It's in fact centralized in a plethora of ways that I won't go into specifically. The only thing that somehow connects it to decentralization is through blockchain/token technology, but even then, the vast majority of their private token has been given to private investors, owners and employees of DLive (to my knowledge).
So not even their token is decentralized...
To make matters worse, DLive has full manipulated the economy and community of Steem. They've acted as if their intention was to make the Steem community better through their DApp (DLive) and improve the way we all stream and interact with the blockchain.
In reality, they were just biding their time - they were leveraging the Steem community in order to siphon their userbase from Steem as well as the protocol of the Steem blockchain related to rewards.
They begged Steemit,Inc for a delegation for millions of STEEM and they got what they wanted.
They then used that delegation to pay themselves and their employees and also upvote streamers (upvoting streamers isn't bad, but keep in mind that DLive was collecting 25% of each upvote as curation rewards the whole time...)
So they basically manipulated the community and the economy of the Steem blockchain in order to make themselves richer and siphon a userbase just to later abandon the blockchain for their own, more centralized version.
What do you think of this whole ordeal?
