RE: Justin Sun Conversation with Witnesses Is Online. @Ned Sold Out The Community - Failed to Disclose. by apshamilton

steem · @apshamilton · Mar 4 '20 (edited)

$0.10

2 answers:
1) it wasn't just 'any' ninja-mined stash, it was the one which specific promises had been made to the community regarding and which a previous hard-fork had put restrictions on.
2) Justin didn't (or didn't just) buy the ninjamined stake from Steemit Inc, he bought Steemit Inc itself. This comes with all the prior agreements, debts and claims that the company has. That's basic corporate law.

👍 hamismsf, jpbliberty, enforcer48, valued-customer

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@bagelpot · Mar 4 '20

1. Ok, but you'll agree that *sine die* freezing those funds precludes from spending them on development, right?

2. I see the point, but I notice that Steemit Inc was simply Ned's proxy. Promises made by Ned would bind him directly, and not just the company. I highly doubt corporate liability limitations would apply to adequately shield him away from his promises:  The "contract" in question is informal enough and unspecific enough to consider **it was agreed by Ned himself**, not just by him acting exclusively in representation of Steemit Inc.

👍 logiczombie, crystalandbones, skepticology

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@ura-soul · Mar 4 '20 (edited)

I think this aspect comes down to which legal entity actually owned the stake and the accounts. Was it actually ned as an individual, via the proxy of the various steem blockchain accounts? Or was it Steemit inc., headed by Ned, but it's own legal entity. This would be within the contracts that TRON holds, so perhaps we will see this at some point.

👍 logiczombie

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