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Thoughts on Tron founder voting in Super Representatives

Asher @abh12345@abh12345 (80)2383d

The Tron (TRX) community was beside itself on Wednesday, Feb. 19 after founder Justin Sun’s address was shown to have voted in two Tron Foundation apps as a Super Representative (SR). source

[source](https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kNDUzZTlhOWM5YjA3ODJiMmI4NDdmMTY3MzNjOGU3NC5qcGc=.jpg)
# Just as some thought the dust was beginning to settle......

On Sunday I started flooding the 'AMA', hosted by Justin Sun and Ned Scott, with a question:

QQQQ: JUSTIN, WILL YOU USE YOUR STAKE TO VOTE ON CONTENT OR FOR WITNESSES?

Others joined in and at times the above filled the chat completely. In the end, we received some sort of answer in which I think included the words 'no plans'.

Just four days later, it seems that mined stake (presumably owned by Justin) has been used to vote in a couple of Tron witnesses, or 'Super Representatives'.

Only 2 votes though - for now

Well yes and no, as the article states:

Last September, Cointelegraph reported that Binance had become the number one Tron SR after it launched staking for TRX users. Those funds were then used to vote Binance in as lead Super Representative.

So with our community, and especially top witnesses, already on edge, the news today is perhaps going to be the tipping point. Many have already spoken about the potential of a fork (to 0 the recently purchased, mined STEEM stake) and I have a feeling that top level discussions are happening with regards to this right now.

I'm certainly not the right person to go into detail about the mechanics of all this, and so I'll just let out some thoughts and hopefully be corrected where I'm talking rubbish.

When, and for the short time, I was involved with a witness account, I looked up the list to those providing something special. Sure, a couple of engaging community witnesses is nice to have a could even be a factor in retention rates, but what about those witnesses bringing people here due to a business venture, or those creating integral account management features, or even key Steem blockchain developers?

Those, @yabapmatt, @gtg, @blocktrades, @aggroed, to name some but far from all, are the witnesses you would think the community, and indeed investors, would likely want to keep.

The accounts voted in on the Tron network are 'two Tron Foundation apps'. And without doing my research, I would hope that they have shown promise and attracted visitors and investment.

So it seems that Justin has centralized the witness voting and gone over the heads of the community consensus - is that really so bad though if those accounts are bringing the most people/investment to their chain?

I can ask that question free from any worry about my nonexistent top 20 position, but what about freedom, pumpkins, and decentralization?

... Basically, the cryptographic equation is throwing a pumpkin (the block) off a building and telling you what the splatter pattern looked like. The only way users can match the splatter pattern — and send the block — is to hurl a bunch of pumpkins off a building themselves. So people who “mine” cryptocurrency are actually just using their computers to smash billions of pumpkins in order to find the winning pumpkin with the right splatter, which validates their block.. source

More closely aligned to Proof of Work than Proof of Stake, but considering Steem has it's very own @pumpkin controlling matters at the top of the witness ranks.......

I have no clue what is ahead for Steem and just hope that the right decisions are made.

Comments · 24

  • @trendotoken(59)· 2380d

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  • @arcange(79)· 2382d

    Congratulations @abh12345! Your post was mentioned in the Steem Hit Parade in the following category:

    • Comments - Ranked 6 with 84 comments
  • @enjar(79)· 2382d

    I’m willing to admit I don’t know enough about the situation. The more we find out about them the more it seems to point out we have similar issues in our own ecosystem. At least here for now they have a place they can voice their concerns regarding what is going on in their own ecosystem fi they wish.

  • @trincowski(72)· 2382d

    Steem had always had a big problem with the Witnesses system. Maybe we should take this opportunity to solve that, once and for all.

    Allowing the same Stake to be used for 30 votes is plain dumb. One's stake should be used to vote for a single Witness.

    If someone decides to cast 30 votes, then their stake should be distributed through the 30 votes.

    For example, if I vote for 1 Witness, that Witness gets 100% of my Voting SP. If I vote for 2, then each vote should be worth half of my stake. And if I choose to cast 30 votes, then each Witness gets 1/30 of my voting SP.

    I believe that voting method would be a lot fairer and would reduce the risk of a big whale controlling all 20 Top Witnesses.

  • @yogajill(67)· 2382d

    Time will tell. There's sure A LOT going on. This "communities" stuff is messing with my mind. So. Much. Change. #hodl

  • @steem-ua(64)· 2382d

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  • @ragnarokdel(60)· 2382d

    I dont know if it can add some context about the tron votes done by the foundation but here is a chart of my earnings on staked tron before and after this change.

    It's a drop of about 5% in earnings to date which was already significantly decreased after binance started staking. That one was considerably higher but I dont remember what it was off the top of my head (50%?)

  • @lordbutterfly(80)· 2382d

    Nah. Justin wouldnt do that to us. He likes Steem more then TRON.

    He only did it to save Tron. Our glorious overlord is a benevolent one looking after his children.

    image.png

  • @azircon(79)· 2382d

    Asher, I understand the concern. I understand why you think steem blockchain could be vulnerable and I appreciate your attachment with the steem blockchain. You know that I value your opinion a lot and especially on everything steem. With all that said, can I ask a simple question please? Not to you only, but also to the greater community as well:

    Why buy a blockchain company, and destroy the human element that makes the steem blockchain unique?

    There are many other ways to destroy 20-25 M dollars if you ask me....

  • @abitcoinskeptic(75)· 2383d

    At girst he will do things for the good of steem. Then when he knows he has control, he will do things for the good of tron and his close steem supports. Finally he will do things for himself. The sun keeps us alive, but it is also dangerous. Sunscreen anyone?

    The way I see things is Justin Sun is the early 1900s factory owner and we are the workers.

    We can unionize to try and keep him in check. It's better than doing nothing.

    I'm not calling for a fork, but being prepared to do it quickly is great.

    What we need is to show him that he didn't buy us. We can stop using Steemit and work together to reduce the impact of his power on the blockchain.

    Maybe it's not currently possible to get more power and stake, but if enough people pay attention (or at least set a proxy withness amd proposal votee), it could become possible.

    Besides he is less likely to do something if the impact will be worse.

  • @blewitt(76)· 2383d

    I’m so dumb when it comes to all the behind the scenes stuff here!!!!

    Posted using Partiko iOS

  • @bil.prag(76)· 2383d

    tron.jpg

    no idea of how it works. but it could be true

  • @enforcer48(75)· 2383d

    Writings on the wall and yet everyone still thinks it would be different for them.

  • @bil.prag(76)· 2383d

    I have no idea how it works on tron and how many people do you need to make a change. if it is 20-30 that is maybe ok. I would kinda not mind even if he voted for one of the witnesses here, he has a lot of stake, he maybe wants a representative in that top witnesses (it would be shity to someone who would be out of the 20).

  • @rentmoney(77)· 2383d

    The man bought his take fair and and square and he should be able to use it as he wishes. With a take-over a change in power should be expected.

    I'm against forking his stake out but not against forking ourselves out via creating a clone site and everyone starting on even grounds.

    We get too many witness votes, five votes per account is more then enough.

    My full thoughts on the matter can be found below. https://steemit.com/hive-167922/@rentmoney/the-take-over-welcome-to-our-new-overloard-justin-sun-my-opinion-on-the-current-tron-steem-merger

  • @cryptoandcoffee(85)· 2383d

    I don't really understand all this as it is way above my head. In simple terms what has just happened?

  • @meesterboom(81)· 2383d

    There was a rebuttal, I know it doesn't justify it

    I am quite glad you mention freedom/pumpkin because for a long time they have effectively controlled the top twenty here. Can we really complain when the same essentially happens elsewhere... :0)

    Oh, hang on, that's right. Freedom is an angel investor... ;0)

  • @m31(74)· 2383d

    Buckle up Dorothy because the dust will not settle with this one any time soon xD

  • @pele23(75)· 2383d

    Well, that’s on the Tron network, not here, so, I reallly don’t care. But if it would happen here, he would still not have enough influence to steer the witnesses I think.

  • @michelmake(65)· 2383d

    Wasn't the idea of all this what we have, is that we don't have to "trust" anyONE's decisions. Sounds like that idea's out the window. Or am I missing something here?

  • @abh12345(80)· 2383d

    Thank you @slowwalker!

    Mr I'm powering down to power up a bunch of self-voting alts, dear me!

  • @bashadow(70)· 2383d

    I think for the next few weeks, to the next couple of months is going to be very interesting around the steem block chain world. One thing I hope Justin does is see the harm and damage the the down vote bot army is/has caused, and that he removes the delegations of @steem from any account that does not post or comment. In the mean time I am trying to transition over to the steempeak front end interface.

  • @amico(67)· 2383d

    @tipu curate

    A huge hug from @amico! 🤗

    #sbi-skip !trdo

  • @chekohler(76)· 2383d

    Shit, meet fan, fan meet shit!