Justin Sun’s Willing to Give Control Back to the Steem Community; ‘Promise’ Not to Freeze Assets

After Steem validators accused Tron founder Justin Sun of a “hostile takeover” of Steem, Sun released yet another statement clarifying that his “intention is never to take over any blockchain.”

Interestingly, this statement primarily came after the validators blocked the withdrawal and transfer operations on March 3rd, for crypto exchanges Binance, Huobi, and Poloniex which were involved in helping Tron Foundation CEO Sun vote for the new witnesses.

These newly elected witnesses have been a point of contention in the community because they were just a few days old and were an attempt by Sun to takeover Steem. The statement released on March 7th said,

“Community governance can’t override the sanctity of private property, which is the foundation of blockchain and crypto.”

The Tron founder who is known for his over the top marketing gimmicks said the witnesses of the network don’t have the right to do so and “We simply can’t freeze people’s assets.” If the witnesses and community don’t agree on something, everyone needs to discuss and exchange ideas, reads the statement by the Foundation.

“We are willing to give all the witnesses and control back to the community once we are 100% sure that our fund and exchange assets are safe.”

They are also “nervous” that the moment they no longer occupy the witness positions, the Steem witnesses will freeze these accounts again. As such, the Foundation is asking them to retract the codes and “promise not to freeze” the assets anymore.

Steem’s listing application would have been rejected: CZ

Binance CEO Changpeng Zhao also took to Twitter to clarify that he approved the vote from Binance “thinking (wrongly) it was a regular upgrade/fork. For that, I apologize.”

He then proceeded to query if Sun’s claims of witnesses freezing his 65 million coins on Feb. 22 are true and the pull request not yet voted to completely destroy these coins is really the right thing to do. He also asked if there is any “evidence of promise” by Sun to not use these coins which is the point of debate between Sun and the community. Although these questions do not have much to do with CZ, he said,

“if this is a new listing application, we would reject for those reasons.”

The point of concern here for CZ, he said, is the attempt to freeze Binance users’ fund that will have “material impact” on its users. So, they may implement a vote feature on Binance to allow people to vote in the future which means,

“Binance users collectively will have, by far, the deciding vote.”

CZ said he doesn’t want to but would be “forced” to implement this feature now if witnesses are inclined to remove their users’ funds.

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