RE: Why I won’t be compromising with Justin Sun by crypto.piotr

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Viewing a response to: @blocktrades/why-i-won-t-be-compromising-with-justin-sun

· @crypto.piotr ·
$0.32
Dear @blocktrades

> At this point, it seems like most of the community is in agreement on one thing: they don’t want Justin Sun here.

I wouldn't be so sure about it. I've read hundreds of comments and posts written by small size users (like myself or even smaller) and majority seem to believe that conflict between witnesses and Justin is nothing more than fight for power. 

At the same time those users seem to be afraid to speak out (myself included) in fear that we will become targetted and downvoted for expressing our thoughts. I really am afraid that this comment will put me again on the radar of some powerful stakeholders, who will threat me (just like I was threatened already in the past). 

Majority of people out there seem to hope that our witnesses and Justin will find way of working together. That's reality. 

Unfortunatelly narrative "us versus him" is so very strong already, that it's hard to still have any hope :(

Personally I can find it very difficult to imagine any product/project being succesful, knowing that major investor/stakeholder (marketing guru) and community build around project are in open and very public conflict. It's hard not to feel that we're in serious trouble.

> Before long, we will launch a new coin that is essentially a re-branded hardfork of Steem, airdropped on all Steemians, without airdropping to the Steemit stake.
> I believe all the economic value will move to this new chain and the chain with Justin's stake will ultimately just die

I'm failing to see how new chain could hold any value. And I'm really trying. Also what would make people keep their steem and sell all aidropped tokens, bringing price to it's knees with no time? Wealth cannot be just doubled like that. 

Good luck with whatever you guys do. Obviously people like myself have no other choice but to watch how it's all unfolding. 

> We win by fighting, not by compromising

Sometimes conflicts cannot be won. Just like trade war between US and China. If compromise cannot be found - then there are only gonna be dead bodies and loses on both sides. Unfortunatelly.

I hope I will not regreat speaking my mind.
Yours, Piotr
👍  , , ,
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vote details (4)
@engrave ·
Justin came here to earn money, and he doesn't care about Steem as a blockchain or Steem as a community. The mobilization during the "fight" showed that we are a unique community in a crypto world, and the value is where the people are. Even if the price of a new chain's tokens will be lower for some time, I can't imagine a situation when the old steem wins. Justin does not own a community, and since a few days, he doesn't have developers that could introduce any changes to the blockchain itself.

I'm excited about the new chain and its possibilities to grow and evolve without Steemit baggage.
👍  
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@argsolver ·
Fortunatly with a HF you don't have to guess, you could think of it in terms of a "back-up" in case Justin Sun destroys the current version. The real community (the humans that make the real STEEM) can't afford to risk not having a HF.
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@steempeak ·
$0.10
We understand You have concerns and I hope you are not treated poorly for them... perhpas the group of users running the new chain will respond with reasons why you should re-consider instead of any threats. 
👍  , , ,
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@lukestokes ·
$0.03
The value isn't in the token, it's <a href="https://steempeak.com/steem/@lukestokes/the-value-is-always-with-the-community">in the community</a>. I hope that post helps clarify some things a bit.

As to this point:

> At the same time those users seem to be afraid to speak out (myself included) in fear that we will become targetted and downvoted for expressing our thoughts. 

I have raised this issue as well. It's unfortunate that some here on Steem have no concern for cussing others out, attacking them personally, or flagging / spamming them because I do think it has a silencing effect. I don't know of a solution to this other than communities where guidelines for participation can be clear and those who don't want to follow them are excluded. I hope that everyone is free to express their views and they will be respected, even when people disagree.
👍  ,
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@rosepac ·
Your comment is especially funny. Steem. It has been based for the last two years on an exclusion system that is based on power, not on wanting to participate. 

Good joke. That you especially say what you say.
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@lukestokes ·
> It has been based for the last two years on an exclusion system that is based on power, not on wanting to participate.

Are you referring to rewards distribution or witness voting or both?

DPoS is based on token distribution. Those who have the tokens make the rules and influence how the rewards distribution happens. What do you suggest that is better than DPoS that isn't easily sybil attackable?
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@nonameslefttouse ·
If you're so afraid, why not simply send/spam this message to our wallets like you always do?

Speaking of which.  You agreed to stop spamming my wallet after I told you the cost is now 10 SBD per memo.  You owe me ten bucks. ;)
👍  
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@rhondak ·
I rang the warning bells on that guy months and months ago. One of these days people will start listening to me... . . 😂
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@blocktrades · (edited)
$1.10
I will certainly never downvote you for a comment of this sort. I'm sorry if someone did, but people's emotions run high in times like these.

But I think you're wrong on many points, starting with: 

>majority of people out there seem to hope that our witnesses and Justin will find way of working together

It's definitely not the majority of people I know, it's pretty much the opposite. 

I've seen a few individuals and one block of users (zzhang group) that seem to think that is the best solution. And frankly, I think that group simply doesn't have enough information to evaluate the situation correctly. Like you, they seem to believe that Justin actually has plans for this chain, something I feel has obviously never been true: his only plan was to move everyone to TRON. I've seen the original contract with Steemit Inc, so I can say this with some certainty. 

All his attempts to deny this plan after he got so much opposition to the token swap have fallen flat. And each time his subordinates like Roy, Eli, David, etc promise something, he then goes and does something that shows their words don't matter, it's just what he wants to do. And what he wants is to control the chain and stamp out opposition.

>Personally I can find it very difficult to imagine any product/project being successful, knowing that major investor/stakeholder (marketing guru) and community build around project are in open and very public conflict. It's hard not to feel that we're in serious trouble.

Describing Justin Sun as a marketing guru at this point is just pretty funny to me. He's revealed here just how bad he is at real marketing. I was actually expecting him to be OK at this, based on his reputation, when I first learned he was coming to the chain. But the disastrous "AMA" that he had with Ned where they droned on about things no one cared about, ignored all feedback from the audience, answered literally only 3 questions form the AMA (choosing only the easiest to answer) and then fleeing because of "battery problems", made it clear to me he is no marketing guru. 

He seems like a Bitconnect guy: he can make a lot of noise and fool people who don't understand any of the technology of blockchains. This type of guy makes money off new, inexperienced speculators, not experienced cryptocurreny investors. And he does it by selling them crap and empty promises, so I won't be a part of such efforts, even if it is a way to make money. No one of sound ethics should ever stoop to making money this way.

And he simply doesn't know how to market himself to informed crypto people. He acts in ways that immediately make them angry (for example, attempting to centralize the chain via sockpuppets). And it's obvious that he doesn't even know what the response will be to such actions.

Finally, marketing aside, it's clear that he has never understood the battle he should have been fighting. He's been fighting for token-based control of the blockchain, without ever realizing that the value of this chain is the community that supports it, not the tokens themselves. Instead, every action he has taken has made the community less willing to work with him.

>I'm failing to see how new chain could hold any value. And I'm really trying. Also what would make people keep their steem and sell all airdropped tokens, bringing price to it's knees with no time? Wealth cannot be just doubled like that.

I don't think the overall token value will double in this case, [although there can be an increase sometimes during a fork](https://steempeak.com/cryptocurrency/@blocktrades/cryptocurrency-forks-why-do-they-happen-and-what-happens-after). 

But overall value should be about the same as before in this case, because I don't see Justin supporting Steem in any meaningful way for very long. So I expect Steem value will go towards zero quickly after the airdrop of Hive, and value will migrate to Hive coin as most of the users will migrate there. Some holdouts will stay on Steem for a while, but as Justin dumps Steemit stake and fails to support the chain properly, the price of Steem will tank.

>Sometimes conflicts cannot be won.

This is true. But I haven't heard a single argument from you yet that explains why you think this one can't be won, or a plausible strategy for how he will fight back against our plan. I've written an entire post with reasons why it will be won. So to convince me otherwise, I need to hear concrete reasons beyond "marketing guru". 

And if your other reason why you think this conflict cannot be won is "Justin's wealthy", let me say a couple things about that. First,  I firmly believe that Justin's real wealth is greatly exaggerated, based on the amount of time that was spent negotiating to acquire Steemit Inc, quibbling over terms of a relatively small amount. I wouldn't have even spent that much time on the negotiation of such a sum, and my net wealth even including intangibles like IP is only a couple hundred million at best. 

I think he's sitting on a bunch of TRON tokens, that give him a theoretically large wealth, but not one that he can realize, because of lack of sufficient market willpower to absorb those tokens if he tries to sell them. This is similar to the problem he will be facing with the Steem tokens, except it will be worse with the Steem tokens. 

Also he's been very cautious about acquiring Steem tokens lately, and he hasn't even powered up the ones he bought yet. This is a sign of a man having severe doubts about his plans.
👍  , , , , ,
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@oneray · (edited)
En este punto, me viene la pregunta siguiente: ¿Cómo será realmente la migración? No soy desarrollador ni tampoco un gurú de la informática. Estoy todavía aquí porque me gusta lo que hago, lo que comparto en mis publicaciones. ¿Habrá una migración automática? EL nuevo token será 1:1 con el steem? He leído que se respetará el steem líquido, el encendido y los SBD. En la nueva cadena, ¿Estarán también 3 tipos de token?

> At this point, the next question comes to me: What will the migration really look like? I am not a developer nor am I a computer guru. I am still here because I like what I do, what I share in my publications. Will there be an automatic migration? Will the new token be 1: 1 with the steem? I have read that liquid steem, ignition and SBD will be respected. In the new chain, will there also be 3 types of token?
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@crypto.piotr ·
Thank you for taking the time to reply @blocktrades. I very much appreciate it.

Indeed, emotions are very high since Justin purchased STINC. 

> It's definitely not the majority of people I know, it's pretty much the opposite.

The truth is that we all usually attract people who have similar opinion. And those who disagree usually keep quiet to avoid being downvoted. 

I've actually troubled myself and asked over 100 users about their opinion and hardly anyone wanted to take side. Most would like to see some agreement happening and it's not true that majority of people want that conflict to escalate. But this is just my opinion and indeed - we disagree here.

> Like you, they seem to believe that Justin actually has plans for this chain

That's the thing. I never said that. Hoping that witnesses will find a way to work with major stakeholder doesn't mean it. I do agree with you, that he doesn't have any plan for this chain. However at the same time it seem to be very obvious that witnesses and some "whales" declared war against justin from day 0. Amount of insults and hostile comments towards him has been very strong since very beginning. And I strongly believe that things could be played out very differently. 

Unfortunatelly, we're past that stage already. Witnesses used their enormous influence to escalate and "WIN" this conflict and promote narrative "us versus him". 

Good friend of mine said lately, that trying to figure out who started a fight and who escalated is like "egg and chicken" problem. 

----

> Describing Justin Sun as a marketing guru at this point is just pretty funny to me. He's revealed here just how bad he is at real marketing.

Could be. I presume I was wrong. Surely you know more about it than I do.

----

> He's been fighting for token-based control of the blockchain, without ever realizing that the value of this chain is the community that supports it

I sometimes wonder how many witnesses or large stakeholders share your belief. How many of them see value in the community.

I've been here for over 2 years and I kind of never received any support to me or [managed by me community/hive](https://steemit.com/trending/hive-175254). Neither did anyone I know. I can only hope that current conflict will change large stakeholders mindset and they will indeed start seeing some value in communities and start supporting quality content creators (outside their circles).

----

Either way we are where we are and let's assume that this new chain would go live. Bringing any value at all to this new chain may be very difficult. 

> But overall value should be about the same as before in this case, because I don't see Justin supporting Steem in any meaningful way for very long. So I expect Steem value will go towards zero quickly after the airdrop of Hive, and value will migrate to Hive coin as most of the users will migrate there. 

My impression is , that only those who would decide to burn some of their STEEM should receive aidropped new tokens. If you will airdop them to everyone (just like PAL token did), then this token will have zero value (just like PAL token did). 

Hoping that majority of people will not take opportunity to dump newly airdropped token is kind of wishful thinking. 

-----

> But I haven't heard a single argument from you yet that explains why you think this one can't be won, or a plausible strategy for how he will fight back against our plan. I've written an entire post with reasons why it will be won. So to convince me otherwise, I need to hear concrete reasons beyond "marketing guru".
> And if your other reason why you think this conflict cannot be won is "Justin's wealthy"

It's not about wealth. Like you said - it's about communities. And businesses. And investors. Uncertainty and conflicts are always huge killers.

Surely from your point of view this conflict may be won. However like I said - all I can think of is tons of "dead bodies" and destruction that will take place. Winning a conflict by simply making someone else lose more - it's not a victory. 

I brought example of trade war to show where am I standing in that particular matter. US think they will win. China believes that they will break Us. But at the end of the day millions will suffer and one party will simply lose more than other one. Will it be a victory to celebrate? 

Anyway, things went already to far and I absolutely wish you all the best. 

Thank you again for your mature and polite reply. 
Yours, Piotr
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@clixmoney ·
@crypto.piotr i also understand you. We fighted so long time for steem and now we are asked just to move. I still think that if we push harder we can vote for more 7 witnesses to chain steem itself. We have already 10 in the top. The last month was for steemians the most active in twitter to spread the truth about steem and to make people vote for witnesses. I don't want that to ge like that for nothing. Maybe we should say in the old chain and maybe other witnesses will win Justin. I don't really know. Being a minnow and a little guy in the game, I prefer to stay in both chains to support those who will stay.
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