{"id":4491,"date":"2020-03-07T10:48:32","date_gmt":"2020-03-07T15:48:32","guid":{"rendered":"https:\/\/cointelegraph.com\/magazine\/?p=4491"},"modified":"2020-03-07T10:48:32","modified_gmt":"2020-03-07T15:48:32","slug":"justin-suns-epic-fail-steem-community-nailed-it","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2020\/03\/07\/justin-suns-epic-fail-steem-community-nailed-it","title":{"rendered":"Justin Sun’s Epic Fail \u2014 Steem Community Nailed It"},"content":{"rendered":"

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Oops, He Did It Again!<\/b><\/h3>\n

When it comes to Tron, it can often be hard to know where to start. Hot on the heels of his charity buffet lunch with Warren ‘Unconvinced’ Buffett, Justin Sun decided to grab control of the Steemit network.<\/span><\/p>\n

Although he may have espoused the virtues of decentralization and community-driven consensus, taking power from the few and giving it to the many, Sun apparently doesn’t practice what he preaches.<\/span><\/p>\n

The problem is, when you do that to Steem there are too many Witnesses. As brazen as the hostile takeover was, the rationale \u2014 that he was saving the network from malicious actors \u2014 begged a suspension of disbelief of which Crouching Tiger, Hidden Dragon<\/em> would be proud. People cannot actually fly. Not even ninjas.<\/span><\/p>\n

The ninja-mined stake that Steemit Inc. (now a Sun empire entity) owns has never been used to vote on governance decisions. In fact, that stake was <\/span>expressly intended to decentralize<\/span><\/a> the Steem network. With Sun calling the shots, the ninja-mined stake was used to reorder Steem Witnesses and put Sun-linked accounts in control.<\/span><\/p>\n

Although Sun claimed this was to prevent malicious actors, the community was almost as unconvinced as his lunch date. And even though all concerned in the fiasco have been back-pedaling<\/a> faster than a politician on a campaign promise, the community outrage has barely subsided.<\/p>\n

Brazen Take-Over Outdone By Brazen Explanation<\/b><\/h4>\n

It is easier to believe that pigs can fly (like ninjas) than it is to buy the explanation that the benevolent leader had the best interests of the entire community at heart. TRON\u2019s <\/span>super representative reshuffle<\/span><\/a> was barely two weeks ago. Yet the emperor expected the fuming Steem community to swallow this line:<\/span><\/p>\n

 <\/p>\n

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(4\/9) We knew it would be a complicated process since we needed to control the network for a short period of time, but we had no choice. Our sole intent was to secure @steemit<\/a>\u2019s stake & #STEEM<\/a> holders\u2019 interest. Our intention was not to control the STEEM network.<\/p>\n

\u2014 Justin Sun (@justinsuntron) March 3, 2020<\/a><\/p><\/blockquote>\n