Published on May 21, 2020
About :

Some commentary on the latest Steem Hard Fork. I don't get into how this hard fork stole funds from over 60 user accounts, transferred them to a single account which later got taken over and transferred those funds to the Bittrex exchange. Plenty of people online already talking about that. Instead, I wanted to ask a more fundamental question as to when a blockchain is no longer a blockchain. How do we view distributed consensus and at what point does it just become a centrally controlled database without any real security?

Here's the tweet thread I referenced:

Here's the backstory:

Here's the original open letter from Justin Sun after the very first action taken by the Steem witnesses almost three months ago:

Tags :

steem hive blockchain cryptocurrency philosophy


To comment on this video please connect a HIVE account to your profile: Connect HIVE Account

More Videos
5 views 3 days ago $
1 views 5 months ago $
3 views 6 months ago $
18 views 4 months ago $