The split of the steemit or chronicles of the war for decentralization
Justin Sun is often at the center of scandals and is perhaps the most odious representative [19459010 ] the entire industry. Not so long ago, events occurred on the Steemit platform because of Dignity, which can be dubbed the "Justin Wars," which ended in a split in the community.
We decided to find out who the Sith was in this story, who the Jedi were, and which side of the force the community joined. Let's start
- Brief background
- The struggle for power in digital format
- “Pyrrhic victory” by Steemit and the success of Hive
All this hype began on February 15, when the social network Steemit [199010101 ], working on the native blockchain, announced that it plans to migrate to TRON with all applications and the ecosystem as part of a strategic partnership. Sun on Twitter noted that Steemit is evolving to 2.0, and the company switched to its blockchain voluntarily.
There should be a tweet about the announcement of the transition, but Justin deleted it. Such a shy ^ _ ^
A little later it turned out that although the Tron did not invest in Steemit, part of the tokens developers should go to their disposal. Social network validators were nervous before because of the impressive amount of tokens from developers (about 20% of the total issue), but the team was quiet and no one made much noise. However, when they learned that part of these tokens and, accordingly, the right to vote passes to the Empire of Sanaa, they did not become silent.
On February 22, validators voted and made changes to the social network protocol, which blocked the team's token package. And then it started ...
The struggle for power in digital format
What captivates this story? We are witnessing the unfolding model of a revolution in digital space:
- The authorities make decisions that the community does not like.
- The community vetoed the decision of the authorities.
- The authorities counterattack, clearing the dissent.
- The community is splitting.
But here we are a little spoiled. So, the continuation of the story of Steemit - the legitimate development team led by Sun was outraged, and then gathered their forces on March 2 reported that the rebellion was suppressed, the soft fork was canceled, and all the instigators of the rebellion were banned.
How did this seem to be on a decentralized network? Sun clicked on his friends from Binance , Huobi and Poloniex , on whose accounts there were decent amounts of Steem tokens (only Binance voted 31 730 000 STEEM), they voted for new validators, and new validators thawed developer tokens.
The reaction of exchanges is very curious - in fact they are not the owners of the funds that are stored in their accounts. However, Binance, Huobi, and Poloniex accused of transforming Steem tokens into voting Steem Power tokens, which caused users to temporarily lose access to funds.
Huobi officially recognized this, although they made excuses, saying Sun said that hackers were trying to seize power in Steem. An apology letter was later published by and Binance , they simply did not understand what San was planning. Both sites recalled votes, which allowed returning to the list of validators four participants from the previous composition.
Well, let's say everything is clear with an apology - Justin raised a panic over a hacker attack, everyone quickly did as he asked for a coup in the social network. But you are not confused by the fact that exchanges accumulated user funds to vote?
That is, you transfer your tokens to the exchange’s wallet, just for storage or for trading, and the exchange uses them at its discretion, without even asking permission. Decentralization, openness and transparency in all its glory.
We simply defended Steemit
The Steemit community called everything that happened to take over on the platform, however, Justin justified his actions by protecting Steemit from “hackers” who froze developer tokens: