Events in crypto take place at warp speed. This weekly crypto podcast reveals how the marquee names in crypto are reacting to the week’s top headlines. With host Laura Shin, the guests also discuss what they’re thinking about these days and reveal what they believe is on the horizon in crypto. Discl… read more
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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Episode links:
Brady Dale: https://twitter.com/BradyDale
Steemit: https://steemit.com
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
Exchanges walk back: https://www.theblockcrypto.com/post/57607/justin-sun-stands-by-trons-decision-to-overturn-community-governance-rule
Lessons from the Steemit battle: https://twitter.com/DavidVorick/status/1235064633016242176
Links from news recap:
https://unchainedpodcast.com/he-giggles-snorts-and-waves-his-arms/
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