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RE: The History of Delegated Proof-of-Stake (DPOS)

in #blockchain5 years ago (edited)

"...Justin Sun has no real incentive to act as a "Benevolent dictator"..."

Profit is his most relevant feature. How can he make money from Steem? Without our help, all he can do is sell his tokens. He might recover his money, but he won't make any that way.

Steem has a lot of dapps, and particularly Splinterlands, which could spread to Tron and actually attract users to Tron. @aggroed seems like a businessman, he and Matt both. There's more like them around here too.

In fact a charm offensive full of business proposals that make Sun money, or benefit Trom some way, could be our most potent weapon to preserve our autonomy and blockchain. If he's making money from the status quo, there's no need for him to squeeze harder - unless we hold out on him. He's got money to invest and we've got business plans that need funding and a nifty tool to enable novel profit centers. We should put that to work asap IMHO.

Being an asshole to @aggroed sure isn't gonna make Sun any money. He'll catch more flies with honey than with vinegar.

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How can he make money from Steem? Without our help, all he can do is sell his tokens. He might recover his money, but he won't make any that way.

Justin Sun acts like early days Microsoft, buying companies just to get some market share (and shutting down those companies). He can just use steemit.com to convert the most "non-crypto" part of STEEM community into the TRON network users.

If he invested 10M for the ninjamined STEEM stake + steemic.com website, he just needs to create +10M in value for the TRON network. It doesn't matter (for him) if STEEM value goes to 0. He still has steemit.com and just needs a mechanism that let current STEEM based users to be onboarded to TRON.

So he has no real incentive to act as a "benevolent dictator" towards the STEEM chain, he just needs to play "benevolent dictator" for steemit.com users and figure out how to replace the "chain" into TRON.

Microsoft has a history of doing this, he is trying to play that kind of game.

If he invested 10M for the ninjamined STEEM stake + steemic.com website, he just needs to create +10M in value for the TRON network. It doesn't matter (for him) if STEEM value goes to 0.

This a fine point that many scoff at. Keep in mind, steemit.com is an established alexa-ranked site with pre-existing crypto cred. Block One paid 30 million for the voice.com domain alone. He could burn the STEEM blockchain, his STEEM stake, the entire STEEM community (a few thousand active users), and still come out of the situation with exactly what he wants.

I'm afraid that's his goal. I don't see how a hard fork can be avoided at this point.

My point was we can give him reasons.