Brady Dale, senior reporter at CoinDesk, walks through the last few weeks of drama in Steemit this week, staring with when Justin Sun bought Steemit, what that meant for the network, and how the validators (aka “witnesses”) responded and how exchanges got involved. We talk about why it’s significant that the exchanges were Poloniex, Huobi and Binance, and why they seem to have walked back their support of new witnesses. We also cover the lessons in this drama for blockchains that use delegated proof of stake, and where the Steemit community might go from here.
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Kelman Law: https://kelman.law
Brady Dale: https://twitter.com/BradyDale
Justin Sun: https://twitter.com/justinsuntron
Sun acquires Steemit: https://www.coindesk.com/steemit-sets-up-shop-on-tron-network
Crypto exchanges get involved: https://www.coindesk.com/why-crypto-should-care-about-justin-suns-steem-drama
Blog post from Steemit: https://steemit.com/tron/@steemitblog/an-open-letter-to-the-community-hf22-5
Steemit community fights back: https://www.coindesk.com/steem-community-mobilizes-popular-vote-in-battle-with-justin-sun
Lessons from the Steemit battle: https://twitter.com/DavidVorick/status/1235064633016242176
Links from news recap: