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. 

Thank you to our sponsors! 


Kelman Law:

Episode links: 

Brady Dale:


Justin Sun:

Sun acquires Steemit:

Crypto exchanges get involved:

Blog post from Steemit:

Steemit community fights back:

Exchanges walk back:

Lessons from the Steemit battle:

Links from news recap: