RE: Is Steem Centrally Controlled? by smooth

View this thread on steempeak.com

Viewing a response to: @pharesim/re-smooth-re-pharesim-re-lukestokes-is-steem-centrally-controlled-20190118t205105873z

· @smooth ·
$1.24
Intentions are frankly invisible and unknowable. 

IMO (though still not knowable) the primary intention of the whole ordeal was restoring Ned and Dan's accounts after they lost them by being extremely irresponsible. The primary cause of the loss was not a bug, as such (broad category of) bugs were entirely foreseen and even expected, and may well happen again even now. It was irresponsibility on the part of Dan and Ned. All of us at the time, including you, were well aware of the importance of using a posting key to access the web site with large accounts, and not an owner key.

The 'property rights' of those who were not irresponsible and stood to lose (and probably in some cases did lose) as a result of their actions were considered less important by an unaccountable central party who decided thus unilaterally and without even giving witnesses as chance to balance the competing interests. That sort of unilateral authority and action (which still exists) is a bigger existential threat to the blockchain than a broken web site leaking keys which never should have been put in the web site in the first place.
👍  , , , , ,
properties (23)
post_id69,000,028
authorsmooth
permlinkre-pharesim-re-smooth-re-pharesim-re-lukestokes-is-steem-centrally-controlled-20190118t214905900z
categorystopthepowerdown
json_metadata{"tags":["stopthepowerdown"],"app":"steemit\/0.1"}
created2019-01-18 21:49:09
last_update2019-01-18 21:49:09
depth4
children0
net_rshares2,113,102,050,835
last_payout2019-01-25 21:49:09
cashout_time1969-12-31 23:59:59
total_payout_value0.932 SBD
curator_payout_value0.309 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,124
author_reputation119,002,354,889,508
root_title"Is Steem Centrally Controlled?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (6)