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General Discussion / Re: Yunbi started voting against all workers except refund/burn workers
« on: April 08, 2016, 01:34:15 am »
Why should they fork if they can take under their control what already exists? How is this unethical if they don't violate any rules defined by network? If you think that following your rules is unethical you have to adjust your ethic plank.
It's perfectly ethical for this group of dissenting BitShares users to take it over and do what they want with it -- go for it (if only they had the numbers). But it is very much UNethical for an exchange, which essentially is holding funds in trust, to participate in such a vote. It's like a stock exchange voting as a shareholder in a corporation's election -- that would be such a chickenshit thing to do that no one in their right mind would patronize such a business.
With stock exchanges it is not a matter of ethics. They are heavily regulated. When you hold funds in trust, it is all written on paper, what they can do with these funds, and what they can't. No such contract exists between yunbi and their users. Which means that they can do whatever they want with funds kept on their exchange. I don't like what they do, that's why I don't keep my funds there. But complaining about what they do is wrong and pointless.
The whole point of this technology is to replace centralized regulation with consensus driven code. If yunbi truly is a major problem (and I'm not convinced that it is), then the rules of the system need to change.
