Insanity at it&#x27;s finest...and a new round of negotiations.

robertandrew last year

A total cluster fuck, really.It's hard to believe a reputable exchange like Binance and the others would do something this devious.

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mindtrap last year

Nobody saw it coming...

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knowhow92 last year (edited)

I also think they are buying time. They illegally used their customer's funds as you said and now they are trying to figure a way to get out of this. The most likely scenario that comes to my mind is they wait until the Tron team has their super-fast power down code ready, they vote for witnesses and then implement the code. Hope I am wrong though!

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mindtrap last year (edited)

I hope both you and I are wrong.

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kus-knee last year

That is a scary possibility!

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denmarkguy last year

I'm pretty sure they are stalling for time @mindtrap.

I am also pretty sure that the much higher than usual volume on Bittrex and gradual uptrend in the price of Steem for about 48 hours is a signal that Justin/"they" are trying to accumulate Steem by buying it. This pattern began at approximately 10am US Pacific time on March 4th, and is still running; volume at about $180,000-200,000 per day, up from about 1/8th of that. And the trading has been "aggressive," meaning there are almost no downspikes.

So, I'm thinking we need to do everything we can to boost at least 5-6 of our consensus witnesses so far out of range that it becomes economically idiotic to try to buy enough Steem to unseat them.

There's a bit of a lull right now, with the previously HUGE buy wall having gone back to its usual pattern of many more small orders... just six hours ago, Bittrex had lots of 20,000, 30,000, 50,000 Steem buy orders... those have dried up a bit... but that should be watched, and we should have MAJOR campaigns to get people to not only make sure they have voted for witnesses, but also those people who HAVE voted for witnesses — but did so "a long time ago" need to check their voting and see if they aren't voting for some deactivated/obsolete witnesses, and move their votes "up."

We're certainly not out of the woods yet, so let's not get too comfortable...

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mindtrap last year

We shouldn’t get comfortable for sure...

At the moment there is a 10mil SP gap between blocktrades and the rest of the sock puppets. If he’s even considering to purchase such a massive amount from Bittrex or even Upbit just to “restore order” that would move the price to new highs...

I do feel uncomfortable tho seeing almost all our witnesses powering down...

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denmarkguy last year

I'm not too worried about the witnesses powering down; it seems to be a perpetual cycle, I expect primarily to pay for the expense of running a witness (servers, bandwidth, storage, etc.) — when the price of Steem is higher, they power down less, when it's low, they power down more.

Another possible explanation for the increased volume on Bittrex could be that Huobi and Binance both have their Steem withdrawal gateways suspended due to the fact that Justin got the Steem they have in client trust accounts locked up for 13 weeks... and people are simply using a different platform to trade.

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kus-knee last year

This type of investigative reporting merits its own post.

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askmihai last year

My guess is that reality makes more sense when we know the interest.
Do you like riddles? How about this:

Image source
Almost nobody's talking about the fact that we're on the way to lose our freedom.
Why?

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4 votes

dr-frankenstein last year

NO EXCEPTIONS

You can't enter in negotiation "with good faith" by adopting such an approach. If none of the parties are willing to give some concessions, then we probably better off forking right now and save everyone months of constant headaches.

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coininstant last year

All the witnesses are not powering down, I just checked a few and @gtg, @enginewitty, @steemspeak, & @pharesim are not. I agree most of them are, wow!

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3 votes

roelandp last year (edited)

Many witnesses power down constantly, including myself, to cover costs for running witness servers. I'm at a monthly bill of almost 1000 USD nowadays for steem-related server costs, for example. But, at the moment I actually power-up my powerdowns as soon as they are paid out, for the case.

Note that I don't power down my full SP, but just a small portion, and Im sure more people are like that.

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coininstant last year

Good to know, thanks!!

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5 votes

denmarkguy last year

Thanks @roelandp, I felt pretty sure that was what was going on, but nice to hear it directly.

It's not FREE to run a witness, folks...

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enginewitty last year

Nope, I ain't going anywhere man. Pay for my witness out of pocket or with other earnings.

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coininstant last year

Nice to hear, that puts a better light on the situation.

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3 votes

discernente last year

Believe it or not, but I think they are planning to interfere in our governance again.

Posted using Partiko Android

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mindtrap last year

Oh, I am sure they will...but that would also be their tombstone.

Their reputation will go down the toilet

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dr-frankenstein last year (edited)

Their reputation will go down the toilet

I highly doubt that. People will move on and the new coins will be listed, do you really that the world gives a shit about Steem? If we don't the right thing for our blockchain than no one will.

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mindtrap last year

The world might not give a shit about Steem (yet) but they do give a shit if their funds is being used in a hostile way or worst if they cannot have access to it

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denmarkguy last year

People might not give a shit about Steem, BUT if we stand our ground and drive off the "invaders" we will have set a precedent of a decentralized system withstanding the onslaught of a large centralized governance takeover... might not help us but it could have some very positive long-term implications for the whole idea of "decentralization."

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mindtrap last year

And some Poshing just in case they didn't know....

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chesatochi last year

They need to learn the hard way.

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mindtrap last year

I'm with you on that.

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oldtimer last year

But at the same time, all our witnesses are powering down.
Hmmm. I wonder?
Any clue?

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roelandp last year (edited)

As said elsewhere in this thread: Many witnesses power down constantly, including myself, to cover costs for running witness servers. I'm at a monthly bill of almost 1000 USD nowadays for steem-related server costs, for example. But, at the moment I actually power-up my powerdowns as soon as they are paid out, for the case.

Note that I don't power down my full SP, but just a small portion, and Im sure more people are like that.

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mindtrap last year

Thanks for the clarification but...there are some massive power downs such as the one from blocktrades. That isn’t for server costs...

1000$ eh? So prior to MIRA it was what? 5x?

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oldtimer last year

I understand what you're saying. I'm sure this isn't the case.
But I constantly checking the witnesses list and those little piggies keep adding by their names.
Something is brewing and you didn't convince me. Telling people to power up, vote for witnesses, save the chain and powering down at the same time? For me is a slap in the face to the whole community.

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mindtrap last year (edited)

All of them? Really? No clue, but I'll do some digging

Maybe for the same reason you do? :P

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oldtimer last year

I'm F... clueless.

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enkiangames last year

It’s going to be a bumpy ride, but I’m glad the Steem community is basically in revolt against these actions. Shows the strength of it and that people aren’t going to passively lay down and take it.

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norbu last year

This business of the exchanges using our funds against our wishes, isn't it illegal? So why do we not also explore the legal options as a deterrent for them to interfere? For the record I still have some steem in one of those exchanges and cannot withdraw to vote for who I want, all because they have already voted for me without my permission. This is criminal use of my funds and we, the community, should also consider that.

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Use your witness votes and get the Community Badge

steemitboard last year

Congratulations @mindtrap! You received a personal award!

Did you downvote Steemit's posts because its owner converted it into a sockpuppets factory? OK, you deserve that badge!

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Do not miss the last post from @steemitboard:

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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cryptospa last year

Hey, @mindrtap, I am in Athens.

Posted using Partiko Android

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mindtrap last year

Oh my...sorry I didn’t reach out to you earlier but these last few days have been chaotic. Imagine that I am answering from my mobile device, while being at work. I really hope that I can find some time to meet you because I am working almost till night both today and tomorrow

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cryptospa last year

Ah, ok. So, you're working. No problem. Then I won't bother you

Posted using Partiko Android

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kus-knee last year

I listened to the conference call between Roy of Tron and some of the witnesses.

It seemed that they may have been willing to negotiate taking down their witnesses in return for a 1 month power down change in the code. This is something that was already being considered before Tron came onto the scene.

Roy’s stance may have been a smokescreen. The witnesses explained that a hard fork would take longer to execute than the 13 weeks a power down would take.

Most of the meeting was polite and congenial but some participants are too bellicose for such meetings.

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mindtrap last year

I’ve listened to it too and even though there are good intentions from both sides I don’t think we are nowhere near to an agreement.

It seemed that they may have been willing to negotiate taking down their witnesses in return for a 1 month power down change in the code. This is something that was already being considered before Tron came onto the scene

It’s been discussed as a possibility indeed, but as something that we should look at in the future. Not as a prerequisite...

And then...Justin jumped in the korean discord...you know the rest of the story...

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deepresearch last year

Sun's narration is by not lowering power-down time we are being hostile towards exchanges, locking their funds up! It allows me to believe they might use their voting again to influence witness list.

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arcange last year

Congratulations @mindtrap!
Your post was mentioned in the Steem Hit Parade in the following category:

Pending payout - Ranked 8 with $ 43,62

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