Good Morning!
There is still a disgruntled rumble going through the STEEM community. I must admit, I'm not very familiar with the project. But it is interesting to follow the developments of the ongoing dispute.
I also believe that this is a first test in terms of how the ecosystem (foundations, the community, and exchanges) will handle the situation. Here is a first reaction from Binance: Notice Regarding Upcoming STEEM Network Upgrade.
There have been similar cases in the traditional financial world
Additionally, I agree with Ari Paul that the cryptocurrency community should follow this case very closely. Funnily enough, this is not something "new" to the financial community. We discussed it this morning at the trading desk, and our equity derivatives specialist mentioned similar cases in the old school equity world (for example Transocean).
See Ari Paul's thread here.
The drama with STEEM is probably the most important thing happening in crypto now. It’s an amazing experiment in crypto M&A, adversarial strategy and the legal/social repercussions of “stealing” via hard fork, forcing tough discussions across many large exchanges. /1
— Ari Paul ⛓️ (@AriDavidPaul) May 23, 2020
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