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RE: Vindication. So, Stinc, who was lying? I am incompetent at systems administration, am I?

in #steemit7 years ago (edited)

I hope so too.

But as you may realise, I've been struggling with this for way too long, to just even bring it to the general population's attention that the necessary prerequisites for developing apps for this platform are so expensive that it rules out any kind of small enterprise.

The problem I see with not just throwing out the baby with the bathwater, is all those premined accounts, before, of what technically can be construed, in US law (and probably soon to be, in most legal lexicons) as securities. Any mined SP prior to the release of steemit.com is in violation of US securities laws. So, the bathwater is poison. How do we throw out the bathwater without throwing out the baby here? People clearly have ploughed a lot of money into this, and I would argue that they have had their stake intentionally diluted and thus milked by those who hold all that SP made before there was a real opportunity for anyone to acquire it through activities that are accessible to most people.

What I want to see, is a court ruling that says that they must return all of their earnings to a fund to see to it that the platform is built according to industry best practice standards and everyone's accounts returned to their full control. and all of the premined accounts deleted, and added to the rewards pool upon a well-in-advance-warned re-release. Sans Steemit, sans @berniesanders, sands @nextgencrypto sans everyone. It looks to me like officialfuzzy would have no issue losing the SP he didn't risk money or dedicate time to earning, either, so I'd think the only objectors to this plan, are the criminals who have been profiting, and using their power to manipulate everyone.

I tell you what. I am going to hold my nose and set up a steemd p2p node, and pull down the entire blockchain, with the raw_block plugin enabled, so I have a snapshot, and then go back to my old posts about how to pull out the raw json, and then set up a torrent seed with the raw json. As a starting point, for people to be able to then go through it, cut off the poisonous front end of the chain, calculate everyone's balances, the amount of SP that should go back into the rewards pool, and then, convert it back into the blockchain, and run Steemd, again, from a new site...

hell, it's not that hard. I don't know whether I am gonna be compensated well enough to justify doing this work but then, I am a big believer in non-monetary capital. I bet we can run a parallel chain with the correct edits done. Then we just need enough people to run witnesses and an instance of an appropriate client.

It's a lotta work, you know... But, wth. I may have got in this position of being able to, because of votes dished out from ill-gotten SP. So I am kinda obliged with this blood on my hands, in directly, to turn this to a good end.

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I do not understand US law in the slightest, I'm not even sure what a security is.....how it relates to crypto is a complete mystery to me. If mined SP is going to be considered a security, I have no clue what the implications are for those that mined it. What I do know is that some of them worked very hard to get there and have behaved with integrity for steem and steemit as far as I know. Ultimately I see any outside interference from governments (who are of course the architects of most of the world's ills) as uneccessary and counter-productive. If there is an issue, we should handle it as a community.

That brings me to your hard fork proposal. It's a perfectly reasonable suggestion. If enough people form a consensus to begin a new network, so be it. There are several precedents. But how do you do a fair distribution? Who controls the dev stake? How do you ensure that everyone already involved gets a fair stake without recreating the previous issues.....not all whales have been bad and steem wouldn't even exist without some of them.

 7 years ago  Reveal Comment

It's a sorry state of affairs that is seems to have come to this. I have raised concerns over the steemit premine several times. My biggest concern has always been that. On the new chain, I think it is imperative to do an analysis on how much premined accounts have taken out so that those that got into this with the best intentions, who have not cashed out or are founders (especially ned and dan) are compensated. I don't know yet whether I would support a fork or not, it rather depends on how it is dealt with, how fair I perceive the distribution to be, how well looked after the founders are etc. I am certainly not against examining the possibility, especially if at the same time we can address legal issues, flaws resulting from distribution and technical aspects all at the same time.

The utility of steem and the community should be the greatest concern for us all.

those that got into this with the best intentions, who have not cashed out or are founders (especially ned and dan) are compensated

>got into this with best intentions
> Dan 

HHAHHA, Ever wonder how almost everyone talking positively about Dan have a vested interest in one or more of his projects, or just a complete newbie who thinks Dan , the anarcho capitalist, aiming to secure life and liberty for all, will "revolutionize" the finance and tech sector. Just lol

Oh, and EOS is a complete joke as well

on his "rebuttal" against Vitalik's criticisms of EOS :

Not even exaggerating when I call him a shameless conman, people outside of steemit are literally laughing at the platform (and eos) and its founders.

Its a nice and innovative concept, but run by some really shitty people

EOS sounds like just another shady scam by a bunch of shady nerds, just like steemit (let a few insiders in first, let insiders build power/influence/vests, then let the general public in so those same few insiders can use and abuse the noobies for their own profit/gain while convincing said noobies they are part of something special that may make them rich some day)....
No thanks. I think I'd rather risk any potential investments I may make with the upcoming independent steem fork (free from Stinc) - Calibrae

 7 years ago  Reveal Comment