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In March 2020, Justin Sun attempted a hostile takeover of Steem by using millions of customer tokens held in CEXes (Binance, Huobi, Poloniex) to hijack the DPoS consensus. This forced our community to launch a hardfork on March 20, 2020, creating Hive.io to protect decentralization. If we allow massive stake to sit on CZ’s Binance again, we risk the same hijack and another reset. I’m glad most HIVE is now staked on-chain with low CEX liquidity; our community strength and that 2020 fork saved our work from being wasted.