Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Cordillerabit on February 14, 2021, 03:21:09 PM
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The controversy surrounding Sun Yuchen's acquisition of Steem Network continues.
The Steem network was originally scheduled for a hard fork on May 20, when some Steemit users' account funds will be frozen. The total frozen funds will be 23.6 million STEEM, valued at approximately US $ 5 million. "The MarkyMark", the former main witness of Steem, said that the users whose funds were frozen were mainly those who opposed Sun Yuchen's acquisition.
It is reported that Sun Yuchen's supporters have approved the freezing of 23.6 million STEEM tokens, and said that these account holders pose a threat to the Steem network.
Some people believe that this move punishes Sun Yuchen's hard fork upgrade to punish participants who previously opposed his acquisition of Steem. As early as December 2019, Sun Yuchen announced that the acquisition of Steemit was opposed by the community and caused a series of controversies. Then on March 20, the Steem community carried out a hard fork and the new chain was named Hive.
In response to the hard fork upgrade, users whose funds were frozen requested the crypto community to send a letter to the exchange urging them not to implement the hard fork proposed by Steem, and threatened that if they supported the hard fork, Will bear civil liability.
In response to this incident, V Shenyu tweeted that Steem users should be transferred to the Hive chain. He said: "Shouldn't every Steem user be migrated to Hive?" Shouldn't every Ethereum user migrate to TRON? "
In addition, Sun Yuchen also pointed out: "This STEEM hard fork has nothing to do with me or Steemit Inc. Even so, I sympathize with the decision made by the Steem community. The Hive community confiscated the property belonging to the Steem community at the time. Their voice should be spoken. Anyone who wants to understand the hard fork should interview the current community witness. "
Source: Bityard (https://support.bityard.com/hc/en-us/articles/900000985746-Steem-network-upgrade-freezes-accounts-of-opponents-Sun-Yuchen-It-has-nothing-to-do-with-me)