RE: Pragmatic solution for the Steemit Tron takeover fiasco 🤔
Witnesses promise to implement a power-down solution for the Exchanges (Binance, Huobi, Poloniex) to save the Exchanges from their unfortunate situation.
I am strongly against this measure. It would undermine the sanctity and impartiality of the blockchain. Giving special treatment to certain accounts for political reasons would set terrible precedent and do lasting damage to the integrity of the protocol.
I also don't see why the exchanges need this. They can initiate a power down and get 1/13 of their STEEM liquid in 1 week. Given that the run on the bank is probably only a small portion of their total deposits they should be able to cover all withdrawals within a couple weeks. In fact, they could almost have their first installment of liquid STEEM back had they done this immediately.
No special treatment on the protocol level!