More than 18 hours after the Binance CEO CZ declared on Twitter to power down Binance's stake (after a couple of hours discussion with community & Justin Sun on his Twitter handle), Binance finally found out how to do a power down!
According to CZ, Power Down is some foreign concept of which he wasn't aware of and said it will take a few hours to figure that out.
Well, 18 hours ain't enough for that! They have only started by trying to Power Down their 16000 SP out of about 32 millions they hold!
So will they wait for all 13 weeks to see if they really get back their 16197.142 SP back as STEEM? Hmm, they are perhaps taking some fool proof measures 😉
What message this gives about user-friendliness of Steem chain where Binance takes about 18 hours to find out a way to power down its part stake?
Well, Huobi's Ciara Sun is smarter. She decided to power down after Binance but did start it immediately. She even posted its proof by a Screen Shot in her tweet.
To me Huobi is winning my heart. It was also the first to list STEEM/USDT pair on its exchange and unlike Binance, didn't suspend its STEEM wallets. This incident has strongly influenced my preference order among these two exchanges.
But will powering down by Binance help the ongoing stalemate?
Well, I feel, its 32 M STEEM are going to flood the market and I suspect, only Justin Sun has the need and resources to buy a big chunk of it to push up all his Witness accounts, to enable him to do whatever he wishes to do with this blockchain.
Or do you think Steem community has more will and capability to horde more STEEM from this lot? Time will tell us how many condos can @theycallmedan sell so quickly!
I wish all the best to whole Steem community in these tough times!