STEEM is still not Steemit, even if Tron buys Steemit.


Okay, this needs to be repeated. STEEM is not Steemit. I talked about this two years ago:

STEEM Is NOT Steemit. STEEM Is More Valuable Than Steemit.
![](https://cdn.steemitimages.com/DQmXGJCCDAXRDAVck4cErXtTbS3Kr5Lw7FSwA5yXSRZCY8Z/image.png)

STEEM is still not Steemit, even if the Tron Foundation buys the Steemit, inc assets.

If you're not clear what's going on, check the latest posts from the major crypto news outlets and PR wires:

Cointelegraph: Steemit to Shift Its Proprietary Blockchain and Token to Tron Network
![](https://cdn.steemitimages.com/DQmNY4W2ovrHjiv5oiQurfDVAwHMRAwvbVN8uXw32K5SmzH/image.png)

Where did they get "proprietary" from? Proprietary is relating to an owner or ownership and the Steem blockchain is not (to my knowledge) owned by anyone.

Coindesk: Steemit Sets Up Shop on Tron Network
![](https://cdn.steemitimages.com/DQmfTPhcUvTiXjquPm3WuSHzEi3qmCbcJCHdDsoKEtpNmuE/image.png)

Businesswire: Steemit Joining TRON Ecosystem
![](https://cdn.steemitimages.com/DQmduFuRM3dX8mPkb8kgmvAu3XEcXZg6hWfEdy7moyfSkTJ/image.png)

Steem is a blockchain run by independent block producers called witnesses distributed around the world. You can see them listed here: https://steemd.com/witnesses

Controlling the "Steemit" logo, brand, .com website, and the like does not change who runs the chain and ultimately makes decisions about the protocol and technology. Code is currently developed primarily by the Steemit, inc team and proposed to the active, token-elected block producers for their evaluation. Some hard forks have been rejected by the witnesses before, so it's not a rubber-stamp process.

As you can see from https://steemproposals.com/proposals, some decisions are voted on directly by the token holders as a signal to the block producers how they should go (such as the power down period change discussed as a potential addition for the next hard fork):


I say all that to say it's ultimately the token holders who have the final say in DPoS governance for what Steem (the blockchain) does. There are many different front ends to the Steem blockchain beyond just Steemit.com. The Tron Foundation and Steemit, inc can come up with various plans on how they want to move forward, but if the Steem community doesn't agree, they can simply ignore any agreements and move on forward using the existing chain as is. I'm not suggesting that's the best plan of action, but I want it said clearly so people understand this is a decentralized community-run blockchain. Centralized companies making agreements about their own token stake and sale of assets doesn't include the blockchain itself, as far as I'm aware (but I'm no lawyer).

As to the token holders, they've been through a lot:

To this day, STEEM has been one of my wrst financial decisions (I think I put in around 9 BTC near the left side of that graph only to see $2-$3 STEEM go down to $0.07). A lot of people believe in STEEM (myself included) and held through the bear market because it's a blockchain actually delivering value to normal people and doing the thing it set out to do. It's also been one of my best life decisions. I've made many friends here, enjoyed three years of Steemfest events, and created a home for my content. This is my home on the blockchain as I mentioned 13 hours ago, before I knew about any of this Tron business:

![](https://cdn.steemitimages.com/DQmatVxbchr7UNJqKUBbR69iVdxRn3TTP2P94v35aTQ6er5/image.png)

So where are we going from here? What will happen next? Will there be a chainswap of content or tokens over to Tron? Will the community support such an activity? Will Steem users have to get Tron wallets to interact with some new chain? Will the token price go up, go down, or become something completely new as a reborn Tron token?

I think it's accurate to say no one really knows yet. If the Tron Foundation controls Steemit's token stake, it's possible they could vote in their own producers and centralize everything. It's also possible the community could decide to fork out their stake to create a new chain (similar to Ethereum Classic or Bitcoin Cash). I think it's far too early for any such speculation, but I am happy to see STEEM and Steem back in the news (even if it's just because of Steemit). If you're still not clear about the differences between those terms, see my post from two years ago referenced above.

Either way, it will be a wild ride. I'm happy to be on it with you.


Luke Stokes is the Managing Director for the Foundation for Interwallet Operability as well as the Interim Executive Director for the EOS Foundation. He's passionate about voluntary systems of governance and has been involved in bitcoin since early 2013. He's been a witness for the Steem blockchain since early 2018 and a custodian for eosDAC, a community-owned EOSIO Block Producer and DAC Enabler, since its inception. With a computer science degree from UPENN, he built, bootstrapped and co-founded the shopping cart software company FoxyCart over a ten year period and is now focused on blockchain technology as a means to create a world we all want to live in. He currently lives in Puerto Rico with his wife and three children and enjoys discussing everything from philosophy, to consciousness, to voluntaryism, to love and awakening. lukestokes.info
UnderstandingBlockchainFreedom.com fio.foundation eosdac.io

I'm a Witness! Please vote for @lukestokes.mhth


Comments 270


I have put nothing into STEEM except my time and creative effort. I am curious to see where this goes, but I will withhold judgement until there is something more concrete to consider.

14.02.2020 18:32
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Your time and creative efforts are still worth a lot. Even if you didn't contribute outside money to the platform you still contributed and reinvested your gains in the platform. To me it's more impressive and valuable than simply buying your influence.

14.02.2020 21:48
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Aren't your finite time and your creative effort two of your most valued assets, though?

14.02.2020 21:57
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Indeed.

15.02.2020 03:09
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Right now it seems like everyone is just milling around in a circle, not knowing what's going on.

THAT part, sadly reminds me of the old days of tech/dot-com companies where millions billions were made and lost simply on "Big Announcements" that had none of the functional implementation aspects even considered. The great investing guru Peter Lynch (creator of Fidelity Investments' famous "Magellan" mutual fund) liked to call it "di-WORSE-ification."

I don't know, though. And I understand the distinctions you are making, but I am still confused as to what this partnership means. I guess we'll just have to wait and see...

14.02.2020 18:34
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Yeah, sometimes a wait and see is the best approach. It's important to get the fundamental terms correct first though. So many people (for years now) have not understood the distinction between Steem, STEEM, Steemit, inc, and Steemit.com let alone the intricacies of DPoS, blockchain, and cryptocurrency (or SBD, Steem Power, etc).

Best we can do now is educate people on the facts so when more information does come out, we can make educated decisions about how we, the STEEM token holding community, want to the future of the Steem blockchain to be and how that will relate to the existing Steemit brand.

14.02.2020 18:41
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Hey lukestokes, i was wondering if its possible to guide or point me in the right direction to information that breaks down the differences of steem, STEEM, and steemit. I have a very general basic understanding but would like a more detailed explanation.
will do my own due diligence, would appreciate tools you have used.

14.02.2020 20:14
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The post I linked to first is a good start.

Here's how I understand it:

STEEM: The Steem cryptocurrency
Steem: The Steem blockchain (or the code, protocol, or running mainnet, depending on context)
Steemit: One of two things:

Steemit, inc: The company who launched Steem and primarily develops the Steem protocol and owns...
Steemit.com: The primary browser of the Steem blockchain. There are many others, but most conflate Steemit.com with Steem, when really they are different. Steemit.com is just a centralized website run by a centralized company using a decentralized blockchain (of which they do happen to have a large, centralized stake of tokens which apparently they just sold to the Tron foundation).

14.02.2020 21:02
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Appreciate it, i know its just surface info but it gives me reference point of where and what to look for. This way it doesn't feel like I'm traveling down a rabbit hole.

14.02.2020 21:14
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yes steem big steemit

14.02.2020 18:34
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You are the first witness to speak about this and point out the thing that steem community knows ... steemit is not steem.... there is a lot of confusion now, and the manner in how this was done and announced is not so welcomed.... will see how evrything goes

14.02.2020 18:37
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I agree. No announcement from @steemitblog is unsettling. I'm hoping @andrarchy will say what he can when he can. I imagine things like this are taken very, very seriously. The coordinated news rollout and PR announcement and such happens through lots of planning (as I'm sure the deal itself did). They've probably been sitting on their hands for some time about this, but it is a bit dissappointing to see tweets from Ned (who for some reason still has me blocked) and Justin but nothing on chain from the Steemit team.

14.02.2020 18:49
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yeah, everyone acting like they signed an NDA until the AMA

14.02.2020 19:07
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Probably accurate.

14.02.2020 20:59
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Hell, I announced it two months ago. ; )

14.02.2020 20:59
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Hahahah! And you even bought the rumor too, didn't you? :)

Well played, Randy.

14.02.2020 21:10
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Ironically TRON Foundation made their announcement on Medium.com instead of Steemit.com

15.02.2020 08:40
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Thanks so much for your thoughtful words regarding the Steemit/Tron activity. This would be a good read for those who do not have a full understanding of the distinction between the STEEM blockchain and Steemit.com. STEEM ON!!!

14.02.2020 18:39
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Nice read.
Some people are confusing steem for steemit.

I love the steemit community as I have learn a lot here and build relationship, I'm just hoping the new leadership is going to do a great good to the community

14.02.2020 18:42
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TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain based DApps to TRON blockchain

old STEEM token to a new TRON based STEEM token, giveaways to the existing TRX users with the new TRON based STEEM token

It seems pretty clear Tron plans to abandon the existing Steem chain, timing unspecified. Witnesses can't do anything about it as Steem witnesses have zero control over the Tron blockchain. Furthermore, Tron has already initiated a token swap on Poloniex, and other exchanges are likely to follow. Once swapped to TRC STEEM, current Steem witnesses will lose all control over those STEEM. IMO, Steem witnesses need to collaborate and suspend this swap.

Excuse the plug, but some discussions about this here: https://goldvoice.club/steem/@liberosist/steem-classic-anyone

14.02.2020 18:43
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Thank you for the link, definitely appreciated.

As you say:

The answer is, they can't. The Steem witnesses, and indeed, the existing Steem chain at large, will have nothing to do with the TRC STEEM token.

Then again, I was not aware of the Polo token swap announcement you mention: https://support.poloniex.com/hc/en-us/articles/360043406513

It may all come down to how the exchanges respond and how the liquidity in the market responds.

14.02.2020 18:54
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IMO, the urgent plan of action from top witnesses should be to collaborate, contact exchanges and Tron, negotiate a hold on the swap ASAP. This stuff needs to be discussed and worked out. If the swap is allowed to go forward, it'll be too late, the Tron STEEM will be the new STEEM.

14.02.2020 18:59
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That does seem like a rational plan of action but who has direct contact with the exchanges? It's most likely Steemit, Inc.

14.02.2020 19:14
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And Steemit, Inc. is now owned by Tron, which is why the odds are stacked heavily against the witnesses of the current chain. There's not much choice but to contact Tron and the exchanges and work it out.

14.02.2020 19:17
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@lukestokes what about Steem that is powered up and locked for 13 weeks, has anyone considered this??? Then there is the question about Delegation's.....

14.02.2020 23:03
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What if the new price of tron steem open up less than a penny? lol sounds sketch to me in the conversion details alone!!!!

15.02.2020 08:10
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Hold on a second, polo sold all steem they stole from traders by closing markets, and now they want to swap? For fucks sake, you can't make this shit up

15.02.2020 05:09
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It's a mad, crazy world.

I'm glad I got off Polo three years ago and never looked back.

15.02.2020 05:10
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Yep me too #fuckpolo

15.02.2020 05:25
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I got blocked out of polo, and some steem too!!!

15.02.2020 08:11
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The big question is if there will be a fork, of if all major witnesses will move to Tron.

There is also a few interesting things to notice:

  • steemit Inc. Stake will go to the hands of Tron. Even if a fork happens it seems that Tron will still have a big power over the forked version. (Unless they dump the stake, Wich would also damage steem price on the short term
  • where will witnesses a and developers go? Although we could have a fork, if major witnesses a and developers move to Tron, steem will suffer. (ie ethereum classic still exists, but 99% of developers sitcked with vitalik ethereum)

There is a lot of unkows now, and honestly wouldn't be a bad idea to make your steem liquid and be ready for the worst.

14.02.2020 20:57
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Many unknowns. It's possible witnesses could decide to fork out Steemit's stake which is now Tron's stake. That has been discussed in the past. The question of where the Steemit, inc employees will go who are working on the protocol is also an open question, including the APIs and such which much of the infrastructure currently relies on. That will have to be answered by Steemit, inc.

14.02.2020 21:05
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Already been answered.

TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain based DApps to TRON blockchain

They will migrate all current Steem infrastructure to Tron, and it's safe to assume continue to develop the migrated platform on the Tron chain itself.

14.02.2020 21:27
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They're not slaves. I mean maybe they're being paid well to work on Tron, who knows. But if they really want to work on Steem they can always quit that job. The Steem blockchain has its own funding system via SPS which as of today is running about $800K/year, probably enough to pay devs.

15.02.2020 00:16
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Not that much stuff gets funded. The SPS is just another way for Witnesses to feed themselves more. Yes the SPS could do a lot but if the exchanges do the swap it is unlikely that the SPS would be able to support getting listed on other exchanges for Old STEEM unless some key bag holders here really rallied the troops and they did it as a power play. Then they would have a heap of other issues like hosting.....etc. It is unlikely that Old STEEM would retain as much value as the Token on the TRON chain and one by one the STEEM Saviors would sneak out the back door and do the conversion in fear of losing more funds. It would likely make more sense for them to head for high ground and continue the circle jerk on TRON instead of risking ending up like Scorum, WEKU, BearShares, WhaleShares....etc

15.02.2020 01:27
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The SPS is just another way for Witnesses to feed themselves more

This is utter bullshit. Other than having a SP vote like anyone else, witnesses have no say over what gets funded on SPS

As for the rest, we will have to see. Hosting isn't really an issue. @anyx has already said that his node infrastructure can probably handle the load and could also be expanded (it currently only costs $15/day via SPS).

I think there are a fair number of people involved with Steem who want nothing to do with Tron, but I could be wrong.

Exchanges will follow the user base. If there is a user base on the existing chain, they will support it. If the user base goes away (which was already happening to an extent, and this new development doesn't fix that at all), then they won't.

15.02.2020 01:36
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Well with POLO announcing they are bring back STEEM as the TRON token and with CZ and Justin being boyz Binance will likely do the conversion. Bittrex already has a lot of us locked out because suddenly it wanted our SSNs so we said screw it and abandoned it. Bittrex would likely do the swap if the other exchanges were and especially if Steemit INC (Controlled By Tron) helped facilitate the transition with some money and support.

I don't see how the amount of images being uploaded here would only cost $15/day for hosting.

The market had spoken. STEEM was slipping overtime. People have always seen this place as weird and unfair. This has gone on for 4 years and the only times when people have forgot about the issues is when there were irrational hockey stick parabolic moves and the money got relatively insane. Even when that happened most people couldn't really get out fast enough because of the power down cycle. You almost had to be liquid to really benefit.

About the SPS. Most of it is just dog piling up on each others proposals and a lot of it is getting paid for stuff they already were doing previously. Now is some of it important? Sure but for the most part others outside that close circle aren't going to get funded.

I got burned here for the most part and I'm glad that I focused more on stacking other coins. Even stuff I'm not really into like Ethereum and Bitcoin Cash.

Personally I'm really glad I stacked EOS hard and I'm getting the Proxy Voting Rewards and REX rewards. That was a lot safer bet than buying STEEM which was a lot more likely to lose value overtime and be circle jerked to hell. Yes EOS has had their issues but they are on Kraken and Coinbase so people get on and just buy stuff they don't understand that looks "cheap."

I heard @ned wrote a song for us and will play it tomorrow so we will have to tune in for that.

Personally I don't really think many people are going to care too much about the switch to TRON if there is more marketing, Improved UI/UX and they make more money blogging. It will only be that core group of Witnesses who will be cut off from the cash cow that has went on for 4 years.

15.02.2020 02:05
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POLO announcing

Polo is owned by Tron. It's also a nearly-abandoned exchange that was once relevant, but has not had much importance in the industry for a long time. This means very little if anything.

Sure but for the most part others outside that close circle aren't going to get funded.

That's not really the point. Obviously anything sensible that gives people money is going to involve recipients with some sort of reputation. The whole platform would be a whole lot better off if we stopped giving large amounts of money to people who, at least as often as not, turn out to be scammers. It is not SPS that is dysfunctional here, it is the rest of the rewarding system.

To be specific, @howo is not even a witness and is funded to do testing of the SMT code (something the Steemit devs should have done, but only did minimally, if at all). @netuoso is funded to work on the desktop wallet and while he is a witness, he dropped out of the top 20 long ago and currently sits at #52, earning essentially nothing.

Any competent Steem devs who want to be funded by SPS would be in the same category. The test of SPS is not whether if funds randos, it is whether it funds reputable, competent people when there is work to be done and someone qualified to do it, and also that it does not fund milkers and scammers. So far the answer seems to be yes on both.

Anyway, we will see what happens. One thing we agree on is that Steem has not exactly taken the world by storm. There are ample opportunities for Tron, 'Steem Classic', or other solutions altogether to do better in the future.

15.02.2020 05:48
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I know that POLO is owned by Tron. That is why I'm saying that they will do the conversion and Binance would be another likely Exchange to do the conversion. HitBTC is a scam so I don't recommend it. It mainly leaves the Korean Exchanges. The point I'm trying to make is that if that is the direction things go and even if some well financed investors and a solid chunk of Witnesses want to continue the original chain it will be tough to get exchange support. I mean look at these projects like Telos. It is tough to get on Exchanges. There is a gate keeper and they want money. You know with AEON. It is tough to keep exchange support and enough liquidity.

Of course we don't want to fund scammers and people with no reputation here but tons of people jumped on the SPS right away and submitted proposals including myself. I'm not as technical as you but I'm not a slouch. But like everything here it is just a very small group of people who are going to to support each other and despite being on here since 2016 there was no modest support.

https://goldvoice.club/steem/@brianphobos/multi-player-2d-arcade-game-to-win-more-steem-steemgalaxy-com

Even if someone says that wasn't going to drive enough demand or wasn't complex enough...etc but it is a proof of concept that can be expanded on for a lot of arcade type games. But Nah.....

People just leave when there is no support. I mean Partiko couldn't even get support and their app is really solid. Share2Steem was cool but they couldn't get support so they peaced out.

About the desktop wallet. I think it is a good project but to be honest probably less than 1% of people are using that. I use Greymass and Sqrl but I never once used Vessel. Not that it wasn't a good project. I just didn't feel a need for it even when my account was worth $20,000+. Maybe that was lazy of me but we all go used to utilizing the browser interface and figured if there was an issue that we would notice something pretty quick and I never let a ton of liquid funds sit around.

Justin has money and is able to build the hype and in my opinion the premise that the trending page wasn't anything about engagement and completely based on stake weight left me scratching my head for 4 years. It wouldn't have been that hard to sit there and display posts that were stake weight based, amount of votes from accounts with at least 500 SP (to fight low powered bot voting), amount of votes by accounts with rep over 60, amount of comments by accounts with 55 rep or higher with 500 SP, .......etc Some combination that would be representative of stuff that was high engagement on trending. Not some bid bot orgy on trending. 4 years and it is like Steemit Inc never thought to change that ........ SAD

Most people weren't interested in investing into this system and I feel bad for people still waiting and talking about SMTs. They have been parroting the stuff for 3 years.

In the end I think some changes, marketing, and buzz will be good. That being said I don't have a big investment in this platform anymore because of the continued disappointments despite being the most well developed blockchain project.

It will be interesting what happens but almost always money talks and the majority of people will go along with the majority. I can see 'STEEM Classic' being like WhaleShares, Bearshares, or WEKU or something. Already people aren't really making anything significant spending time here. We can figure that the minority chain will likely be worth 10% of the majority chain or less. So if STEEM Classic ends up being $0.03 with little to no exchange support it will be like a handful of little mini whales trying to get over on each other and get out before they get burned like Golos.

We will see what happens over the next few weeks. It will be interesting for sure.

15.02.2020 09:37
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You know with AEON. It is tough to keep exchange support and enough liquidity.

Funny you mention that. My experience is pretty much the opposite. We get new exchanges adding it all the time (not all listed on coinmarketcap) and the older exchanges want little other than reasonable support when needed, the wallet not using too many resources (Steem largely fails on this), etc.

I personally don't think it will be that hard for the existing Steem chain to keep sufficient exchange support (you don't need dozens of exchanges or millions/billion of dollars of fake volume unless you are trying to hype something) if people want to continue to use it.

I get it, you're a Tron fan and you're happy to see Steemit go that route. Fair enough. The way I see it, there are a good number of community members, stakeholders, app developers, and ecosystem participants who are not, at least not without more clarification about how it will work. Whether they are motivated to do anything about it, we will have to see.

15.02.2020 09:51
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I wouldn't say I'm a huge fan of Tron. I'm a bigger fan of Monero and Litecoin. Tron is like Ethereum to me. I hold a decent chunk because there is a lot of buzz about it and there are a lot of fan boys. I do have a larger stake in Tron than STEEM at this point because the writing was on the wall in my mind and I headed to higher ground.

As far as not knowing me or anything about the proposal I'm not upset or anything but in general people would have seen the proposal because the SPS was only out for like 4 or 5 days when I posted. I was one of the first and also had https://www.steemgalaxy.com/ which wasn't completely finished but showed people I had put in some level of work and also having the pictures of me as a mentor at the EOS Hackathons. People should have seen that I had some level of technical competency and that this might be something to explore.

At the end of the day whether there ends up being two versions of STEEM I hope everyone well and I will continue to promote crypto / blockchain tech through my professional baseball team which is going coast to coast this spring.

15.02.2020 17:17
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Thanks for the discussion. In case you didn't catch the livestream, the token swap is off for now. The Steem blockchain will continue as-is and integration/bridges will be worked on at some unspecified time in the future.

15.02.2020 18:05
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Yeah I saw part of it. I think it is best. It makes it a slower approach and at least STEEM is back in the conversation and getting more eyes back on it.

Thank you!

15.02.2020 19:08
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"To be specific, @howo is not even a witness" I am behind the @steempress witness currently ranked 25 though

16.02.2020 12:10
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Oh okay, I wasn't aware!

16.02.2020 23:48
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I'm locked out of bittrex and polo, so not sure?? lol

15.02.2020 08:06
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I abandoned both of them.

15.02.2020 08:46
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In the above comment thread, we've been referring to Steemit Inc employees. Point taken, they can quit Steemit Inc/Tron and continue work on the legacy Steem chain, but until they do, they are still Steemit Inc employees under Tron's management, currently tasked with moving all of Steem's infrastructure and dApps (with Steemit.com confirmed) to Tron.

15.02.2020 02:17
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It was a hypothetical, in the event that the Steem blockchain and whatever Tron wants to do go forward in parallel. I have reason to believe that at least some of the Steem devs would rather work on the Steem code than work on Tron, if an economically-viable pathway exists to do that. Whether that will ever happen I have no idea.

15.02.2020 05:50
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Sure, it's prudent to consider all options. Not a hypothetical, as the announcement clearly states their plans for moving to Tron wholesale. It's obvious the announcement was rushed to gate crash Voice beta, so one can hope calmer minds prevail and they modify their plans to be more gradual and thoughtful.

15.02.2020 06:45
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We both know a Steem classic token will not retain that value and that will impact the resources flowing to the SPS.

15.02.2020 08:19
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It depends. A well-managed transition wouldn't necessarily change much.

There isn't anything particularly remarkable about the current value. Yes the price has gone up recently and some might attribute that to this announced Tron deal but I'm not so sure. Steem's market cap ranking is about where it was for most of the past year when frankly nothing visible was going on. It seems to be mostly going with the flow of a mild 'alt season'. Actual development supported by SPS would be an improvement.

But of course, we'll have to wait and see how it plays out.

15.02.2020 08:27
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While you're clearly right about all else herein, it's just unreasonable to fail to anticipate a price decrease with a fork under such conditions IMHO. It's not like history hasn't provided examples.

If 'Steem Classic', or Gold, or Cash, or whatever name the new chain settles on, rises in price rather that declines, it would be the first fork to do so.

15.02.2020 10:28
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None of the other blockchain 'fork' examples you allude to are really analogous. Most of them (e.g. Bitcoin gold) are third party forks created by opportunists. Ethereum Classic is very much a special case and also very different as it didn't involve the founder selling out, but instead actively supporting the non-Classic chain.

Anyway, after the live streem, the lastest is that the token swap is off for now and the existing Steem blockchain will continue as before. I would imagine most fork proposals will accordingly off the table, but who can say going forward. I expect many in the Steem community to remain skeptical of the new corporate overlords (which a blockchain doesn't really have), as well they should.

15.02.2020 18:09
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It would be naïve to think that most of the migration hasn’t already been planned and set to occur shortly after the public announcement. I’m sure this entire buyout and migration has been in the works for at least several weeks/months, as Sun had apparently made a large purchase of STEEM around January 20th...which kind of doesn’t make sense if they’re migrating everything.

What we’ll likely see is all of the previously hosted content published via Steemit.com moved to the TRON chain, where that TRON content will be viewable on the new SteemiTron.com interface (pretty sure it won’t be called that).

Regarding the other comments about continuing the current Steem chain but forking out the STINC/TRON stake...

I would support that.

15.02.2020 06:08
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That was my first thought, then I realized Steemit Inc has been tasked partially with handling the migration. Yeah, it's going to take several years to move everything... The token swap is imminent though.

15.02.2020 06:46
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You misunderstand, there's no fork. Tron is an existing chain that's worth 17x as much as Steem. They are just moving everything from the Steem chain to the Tron chain. They have their own witnesses, they don't need Steem witnesses. Of course, timing is uncertain, but there might be an interim while they still support the current chain, but the goal is clear. Abandon current Steem chain, move everything to Tron chain.

All they need is exchange support for the swap. Poloniex has already announce the swap to TRC STEEM. The money will follow.

14.02.2020 21:24
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Hi @liberosist

I wasn't aware that tron is worth 17x more than steem. How did you get that number? What is it based on? Just curious.

Yours
Piotr

14.02.2020 22:06
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If it’s the TRX coin, it’s worth less than the PRE token that I’ve got lol. Haven’t heard much about Tron but looks like I’ll start to find out about it now.

15.02.2020 00:45
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Hi again @cmplxty

Can I ask you for little favour? I joined contest called "Community of the week" with project I manage and I would be grateful if you could RESTEEM it and help me get some exposure and drop some encouraging comment :)

Link to my post: on steemit or on steempeak

Thanks :)
Yours, Piotr

03.03.2020 15:09
0

It's TRX's market cap, currently $1.7 billion. STEEM's market cap is $0.092 billion.

15.02.2020 01:58
0

Hi again @liberosist

Can I ask you for little favour? I joined contest called "Community of the week" with project I manage and I would be grateful if you could RESTEEM it and help me get some exposure and drop some encouraging comment :)

Link to my post: on steemit or on steempeak

Thanks :)
Yours, Piotr

03.03.2020 15:08
0

Tron's market cap is now at 1.7 billion while the market capitalization for Steem is around 0.1 b.

https://coinmarketcap.com/

15.02.2020 02:12
0

Hi again @heroic15397

Can I ask you for little favour? I joined contest called "Community of the week" with project I manage and I would be grateful if you could RESTEEM it and help me get some exposure and drop some encouraging comment :)

Link to my post: on steemit or on steempeak

Thanks :)
Yours, Piotr

03.03.2020 15:08
0

how are they moving everything? other blockchains maybe don't have people, but steem does, and you can't just move people. From what i understood tron wanted user base (because as small steem is, in cripto it is big in the real people doing stuff every day) but with what they wrote people will not be happy to move.

15.02.2020 02:30
0

No idea how they are moving stuff, I doubt they know either.

15.02.2020 04:50
0

Yeah like if we're powered up how we moving?? lol

15.02.2020 08:08
0

I suspect that your money, and I know my money, will only follow with certain assurances. I also expect that if those assurances aren't met, there will sure as hell be a fork, and it won't include any money that failed obligations regarding those assurances.

Some of us here have principles that mean more than tokens.

I know you do. I'm pretty sure I do too.

15.02.2020 08:30
0

and other exchanges are likely to follow

Why would they follow?

15.02.2020 03:24
0

Because Tron is a big player in the crypto industry, currently a $1.7 billion project. Meanwhile, Steem witnesses are a bunch of randos exchanges have never heard about before. Where do you think the smart money is going to go? And as you put it elsewhere, CZ is buddies with Justin, if Binance and Poloniex announce support for TRC STEEM, do you really think other exchanges are going to go the other way?

15.02.2020 04:46
0

I agree. Just wanted to see someone else say it.

15.02.2020 09:34
0

What are your thoughts on the possibility of a potential airdrop of an entirely new token on the Tron blockchain for Steem holders and mayb that works similar to steem power...?

14.02.2020 18:44
0

Anything is possible, but at the moment it's mostly speculation.

14.02.2020 18:55
0

Where did they get "proprietary" from? Proprietary is relating to an owner or ownership and the Steem blockchain is not (to my knowledge) owned by anyone.

Steem is a blockchain run by independent block producers called witnesses distributed around the world. You can see them listed here: https://steemd.com/witnesses

Just wait till Justin give that dormant STINC stake a little push, eh?

14.02.2020 18:44
0

That's certainly a possibility, but in so doing, he risks the community rejecting that stake and hard forking it out. It's been discussed before.

14.02.2020 18:56
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He would have gotten what he wanted then. The name, etc.

Good luck to the forked chain to actually stay on exchanges. And what? Are you gonna develop for this theoretical forked chain?

There are a lot of things to consider than oh, we can still keep going.

14.02.2020 18:58
0

The exchanges will most likely determine what the token "name" is unless we have a full on naming war. This is full on ship of Theseus stuff. What is "STEEM" anyway?

14.02.2020 19:35
0

Nice reference! I never see Theseus Ship in discussions much.

14.02.2020 20:55
0

One of the best ways to think about identity problems in philosophy.

14.02.2020 21:09
0

HAH! Perfect analogy!!!

15.02.2020 03:47
0

But hey, if it does come to that and you guys reject them, mad props to you all.

14.02.2020 19:23
0

Witnesses should fork and remove steemit inc stake. Simples

14.02.2020 20:50
0

That's but one step.

There are other intricacies involved for the survival of the chain. Exchanges, devs, resources, etc.

14.02.2020 20:53
0

Devs and resources is largely addressed with SPS. Exchanges is somewhat harder, but many exchanges will support a chain that has a real user base.

The bigger problem is that Steem/it has been circling the drain for a while. If you reject the Tron migration, what do you really have, and what reason do exchanges really have to support it?

Not impossible, but I think people forget all the challenges that were already there, if not new ones.

15.02.2020 00:26
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The bigger problem is that Steem/it has been circling the drain for a while.

Because of the albatross around our neck that has suddenly sprung to life and beat feet out the door.

nedstrikesagain

If we remain calm, nothing changes until the next fork goes live.
Then, god only know, atp.

I think we could've floated our own boat the last time that stake tried to screw us.
But, boat still equals bust out another thousand.
No telling how deep the cancer has spread in the interim.

15.02.2020 03:44
0

@blocktrades would still be an option, no?

16.02.2020 04:22
0

Almost certainly. Good point.

16.02.2020 06:49
0

Watched the video with @justinsuntron and @ned. At least Justin knows how to use social media and has actual resources to commit to steemit's development.

16.02.2020 13:16
0

Thanks for sharing this helpful information about steem and steemit partnership with tron or justin sun its helpful to clarify some aspects of this partnership and its affect on steem blockchain

14.02.2020 18:46
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Funny. I responded to your tweet before I saw this article on Steem! Ha! For what it's worth, I think that this could be a terrible development for Steem. Tron has numerous instances of bad governance and centralization. I much prefer the structure of the current Steem blockchain despite its flaws, but the way it sounds like Tron is governed would be an absolute disaster for those who want more decentralization and autonomy on social media networks.

14.02.2020 18:47
0

For all these reasons and more, Witnesses will be watching this situation very, very closely.

14.02.2020 19:35
0

Do you think there's an appetite amongst the witnesses to keep a "Steem Classic" running and let the Tron forkers go their own way? :)

14.02.2020 20:52
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It's certainly one of many discussions being had. I think it's prudent to plan for any potential outcome, especially given the lack of facts to work with from Steemit, inc at this time. Maybe we'll know more during the AMA tomorrow.

14.02.2020 21:06
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but I am happy to see STEEM and Steem back in the news (even if it's just because of Steemit)
I took a quick glance at your post from 2 years ago and saw no distinction between Steem and STEEM.
Not sure what you meant.
Great post though, I really think that the present hype could be bad if people don't put their watches on the same time (as we say in french).
Headlines are always really simple but it's quite the task to accurately simplify a community led or decentralized business.
It's good that we are at least challenged to capitalize on this momentum and it could help set ourselves apart from other crypto.

14.02.2020 18:51
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The distinction between STEEM and Steem is kind of subtle (similar to the distinction between Bitcoin (the protocol) and bitcoin (the cryptocurrency)). As far as I understand, "STEEM" is the token. "Steem" is the blockchain. You could go deeper if you're trying to tease out if it's the protocol, the code, or the running mainnet we call the "Steem blockchain", but we won't get into that.

14.02.2020 19:02
0

Oh! I find that to be a useful distinction, thank you!

14.02.2020 19:05
0

I am curious what the large, unspoken votes on the chain, say/... like Freedom, and what about the rest of the witnesses?

What are they feeling?

14.02.2020 19:01
0

Discussions are certainly happening in various places from Slack to Telegram to Discord.

I too am various curious about the Freedom stake. Maybe they will come out of hiding for this and make their opinions known.

14.02.2020 19:32
0

I am anxious to see,
maybe we'll have more answers when the MSP show takes place after the AMA on Dlive.

14.02.2020 21:24
0

isn't freedom and ned the same person though?

15.02.2020 01:05
0

I actually don't think so.

Mebbe @dan.

15.02.2020 08:38
0

Dude i am super confused lol craziness

14.02.2020 19:02
0

Anything specific I can help make easier to understand? There are no stupid questions, so ask away.

14.02.2020 19:36
0

No stupid questions? Wow aren't you nice. I just felt like commenting sorry it wasn't the most insightful comment ever. You seem pretty confused too

14.02.2020 19:43
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He meant something like “shoot it. There aren’t stupid questions, only stupid answers”

14.02.2020 20:00
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[There are] no stupid questions.

14.02.2020 20:23
0

Yes, I meant there are no stupid questions. I upvoted your comment so that you'd get some visibility. I'll edit my comment for clarity.

14.02.2020 21:03
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There’s so much we don’t yet know. But I’m not liking the sound of the token swap. And nowhere is @elipowell mentioned, just Ned. And we’ve seen what kind of communicator he’s been.

14.02.2020 19:02
0

Yeah, I hope the Steemit, inc team can chime in soon.

14.02.2020 19:37
0

You and I both know he could easily control consensus with Steemit inc stake and his.. he can do whatever he wants.

The wording in the announcement is a slap in the face as it’s very much implying they control all of Steem.

14.02.2020 19:04
0

This will be a test for decentrazition :)
Not entirly sure that they control all of it

14.02.2020 19:14
0

Do you remember the drama about the community threatening to fork out the Steemit stake? Anything is possible.

14.02.2020 19:32
0

Thank you for this! I knew it to be true but it is great to hear you say it. I have awarded you my witness vote just now.

I am building quite a few projects on steem right now, including @quintaesencia working with the Transparency in Governance initiative, so I will do whatever is necessary to defend the independence of our infrastructure.

14.02.2020 19:06
0

Thanks for your support. I live in PR, but I still have to learn more Spanish. I hope to understand your posts someday. :)

14.02.2020 19:38
0

I would love for you to take the effort! After this debacle is over, I look forward to discussing with you how these technologies can best be used to incentivize sustainable development initiatives across the developing world.

Tomorrow I will be fully engaged

14.02.2020 19:45
0

but if the Steem community doesn't agree, they can simply ignore any agreements and move on forward using the existing chain as is.

Amen.

14.02.2020 19:08
0

Wouldn't you rather go curate social content on Tron?

14.02.2020 19:11
0

I am of the "all publicity is good publicity" bandwagon. This will either shake up the ecosystem in a good way which we all agree with; or finally motivate the people here with vested stake to start a truly independent blockchain without steemit. Either way we will win in the long run I think. My guess is that they may simply link the steem token to TRX in a claytons way; steem really runs on steempower not steem so they could have steem on Tron and then when you vest it is linked as steempower on the steem blockchain which continues to do its thing and have its own governance structure. I think his main game is increasing perceived user volume on TRX DAp listings so he can get closer to ETH.

14.02.2020 19:08
0

I played around with some ideas like this: SteemDAC: A Plan We Can Start Today to Decentralize Steem Governance and so it is possible to keep track of Steem Power across chains with oracles and use that to influence governance... but it would be tricky.

14.02.2020 19:40
0

where there is a will there is a way

14.02.2020 19:50
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" This will either shake up the ecosystem in a good way which we all agree with..."

Well, THAT will never happen. I don't even agree with me most days.

15.02.2020 08:37
0

lol

15.02.2020 20:29
0

I was feeling reassured until I saw @liberosist's comment and your response and now I'm not so sure again.

No point in worrying about it though at this point.

It would be a huge shame if the communty is lost and I was so looking forward to Steemfest this year.

Thanks for making this post Luke. Let's hope we hear from a few more witnesses soon.

14.02.2020 19:09
0

I don't know why, but I thought about you when I saw this news. haha.

14.02.2020 19:31
0

Ha, ha, ha. The feeling's mutual. I thought of you when I saw it but unlike you I do know why. 😂

14.02.2020 19:56
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We will make Steem what it is. That will never change.

14.02.2020 19:41
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My early thoughts are that there must be an incentive to current stakeholders to move and swap to a new blockchain which may be dilutive to our stakes. In the finance world, majority stakes have a premium.

Posted using Partiko iOS

14.02.2020 19:10
0

"My early thoughts are that there must be an incentive to current stakeholders to move and swap to a new blockchain which may be dilutive to our stakes."

I think the incentive is one of the best...to stay in business. Steemit has been in a rapid decline since last year, with I suspect, not much time left. To sell to (or merge with) Tron, Steemit's shareholders will get something; to let Steemit fold (which I believe it was destined to do on its current path), Steemit's shareholders would get nothing.

14.02.2020 20:04
0

We do not need Steemit to stay in business. The changes made by the community over the last two years have made it more sustainable. Steem can live without Steemit as was proven during the same period.

Posted using Partiko iOS

14.02.2020 20:24
0

"We do not need Steemit to stay in business."

I agree! It was Steemit that I saw going out of business, not Steem. It was also Steemit that was the biggest drag on Steem's resources. The Steemit platform was rapidly failing due to its lack of new members, and of course, lack of revenue. This move to Tron will no doubt result in some major changes to Steemit, but it was necessary in order to keep the forum alive.

14.02.2020 21:23
0

If we get censored, we truly lose everything.

No amount of tokens is worth my voice.

15.02.2020 08:59
0

"If we get censored, we truly lose everything."

Not really! Sometime censorship is absolutely necessary in order to protect the young and the innocent. Besides, censorship happens virtually everywhere in one way or another. It's a fact of life. Even here on Steemit, posts are being censored by higher-reputation members, who do not like their content for one reason or another, by down-voting them. With enough downvotes (sometimes no more than one), posts are hidden and their authors' reputations ruined. That IS censorship in its truest sense, no matter by what other name some may wish to call it.

Unfortunately. the Steemit platform ended up with far too many idiots like @themarkymark and @buildawhale with high reputations, who chose to abuse their down-voting power, and silence anyone who disagreed with them. And that is why Steemit failed and is now being taken over by Tron. Tron is now left with the task of trying to cleanup the mess that Steemit's corrupt management, and those like @themarkymark and @buildawhale created. If Tron succeeds, Steemit will once again become a great forum. If on the other hand, Tron fails to clean up the Steemit mess, Steemit will shut down for good.

15.02.2020 14:42
0

"...here on Steemit..."

I am not on Steemit. You are not conversing with me on Steemit.

In addition to you not grasping the difference between Steem and Steemit, I utterly and vehemently disagree with you regarding censorship, and expect to see that disagreement reflected going forward during this transition.

Go with Steemit. Steem will be better off without you.

15.02.2020 16:51
0

There's a lot of negative talk going on, but you are right that Tron will not control the Steem platform, although they may end up holding a lot of Steem. It is resistant to hostile takeovers. That's not to say the witnesses cannot come to an arrangement with Tron. I will be interested in what Ned has to say tomorrow.

14.02.2020 19:14
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He's going to talk blah, blah. In other words: I sold steemit to Chinese government

14.02.2020 19:51
0

"There's a lot of negative talk going on, but you are right that Tron will not control the Steem platform, although they may end up holding a lot of Steem."

The intention is not for Tron to control the Steem platform, but rather to migrate the Steemit forum to the Tron Blockchain.

14.02.2020 19:58
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I am hoping they (the witnesses) cannot be bought.

14.02.2020 19:14
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Everyone can be bought! The only real issue is the price.

14.02.2020 19:52
0

Try me.

15.02.2020 09:00
0

Well said. I have seen so many posts on my feed about this lately and yours is by far the most level headed and well explained given the information we currently have. I will be interested to see how things move forward from here.

14.02.2020 19:23
0

Thank you.

14.02.2020 21:11
0

I'm pretty sure that if Justin is going to migrate steemit to the Tron blokchain, steemians will be given there fair share of the new coin. He is not going to screw of steemits original users as that is the core of the entire platform. I'm pretty optimistic that this will be a big win for steem holders. We are now backed by a billionaire!

14.02.2020 19:25
0

Yes, but at what cost? Will this still be my home on the blockchain, uncensorable by billionaires or governments?

14.02.2020 19:43
0

Exactly @lukestokes!

I am still wading through all these comments (as well as many other articles and comments) trying to wrap my head around the larger implications but... your statement below sums up my 'gut reaction' to all of this.

Yes, but at what cost? Will this still be my home on the blockchain, uncensorable by billionaires or governments?

14.02.2020 22:39
0

uncensorable by billionaires

All but one?

15.02.2020 00:27
0

If you kneel to one you kneel to them all.

15.02.2020 08:55
0

steemians will be given their fair share of the new coin.

Well, Mr Sun effectively only bought a name (brand) if he doesn't include the existing community on his version of the platform , which would effectively leave him with an empty social media platform and a lot of pissed off former community members who, I'm sure, would be looking into their legal rights to be appropriately compensated for their "percentage ownership [of the Steem blockchain]" (possible class action lawsuit in the making). I'm certain that he's covered his ass regarding potential lawsuits, though.

14.02.2020 19:57
0

At this point, I will continue as usual and adapt to this change!

14.02.2020 19:29
0

Don't ruin it. The price is going up. Let it hit $10 before making this kind of pragmatic post mate.

14.02.2020 19:30
0

I thought people were supposed to buy the rumor and sell the news? Everything is upside down now. Heheh.

14.02.2020 19:43
0

There is still one piece of news: when it goes live and swaps and airdrops start

14.02.2020 21:25
0

LOL.
I just had a filthy thought. I'm sure it's occurred to others too, especially witnesses.

How about HF23, fork out Steemit

15.02.2020 01:41
0

Too late

14.02.2020 20:04
0

This one thing people will have to wait and see what reality is going to bring, we can speculate and it is fun to do so. If the witnesses do not want to go the direction steemit.inc wants to travel they just do not approve any changes to the code. Nothing will prevent steemit.inc from forking off steem and trying to merge the Tron and Forked Steem block chain, but steem block chain should continue.

I know some people think that steemit.inc developers are the only steem block chain developing team, but there are others. Steempeak has a team of developers, they have some changes they would like to see and from what I read on one of there post they are prepping their proposal and asking for user input on what will be their HF proposal for after the SMT hard fork. So development will not die as some people seem to think.

At the end of the day I think we are all going to just need to wait and see, maybe Monday will bring more light to the subject.

14.02.2020 19:33
0

Well said.

14.02.2020 21:12
0

Seems like it's going to be a big mess... but I'm hoping for the best.

If what is being said is true, it seems like the Tron Foundation plans to render the current Steem Blockchain and current STEEM token obsolete... which gets me thinking... was this purchase really just an attempt at a hostile takeover of the network?

14.02.2020 19:38
0

It very possibly could be. The level of decentralization in Steem (and potentially DPoS) will be tested.

14.02.2020 21:12
0

If I correctly read the information available on the migration of Steemit to Tron, it would seem to me that Steemit will NO LONGER be based on the Steem blockchain, but rather will be based on Trons blockchain? In short, the Steemit forum platform and membership base, is simply being sold to Tron, in which case, Steemit will no longer be controlled by the Steem/Steemit team, but rather by Tron's.

14.02.2020 19:44
0

You got burned hard by Steem... Horrible investment... Steem is a good crypto but some of these witnesses are absolutely ruining this chain.

Nobody actually wants to buy Steem anymore and if they do now its because Tron is making the currency popular in the short term. Might as well start selling Steem soon, after this Tron news breaks out to the masses, that will make the value of Steem climb and then it will collapse once regular users get wind of what's going on with Steemit... Steemit is the second largest DAPP on the Steem blockchain, this move to Tron is a MAJOR blow to Steem (currency).

Short term gain, or a long term loss. People need to choose soon.

14.02.2020 19:45
0

We will make any necessary transitions, but we will likely dual post on Steem and Tron.

14.02.2020 19:55
0

but some of these witnesses are absolutely ruining this chain.

Can you elaborate? How the some witnesses ruining the chain? Are they proposing bad code changes or not running nodes effectively?

this move to Tron is a MAJOR blow to Steem (currency).

I don't see it that way this early on. Too many unknowns.

14.02.2020 21:09
0

Can you elaborate?

I've had a run in with TheMarkyMark and Stem geeks downvoting bots and downvoting farms. We've already seen people try to enforce "proper tagging" with downvotes back in 2016... it failed then, alienated the smaller channels and ended up pissing off a lot of smaller channels. Its a repeat of the failure from back then.

15.02.2020 00:10
0

I agree. Some many users have been alienated here for various reasons. I'm glad I got the majority of my money out of here. Oddly enough I have a significant amount of TRON so if their is a large airdrop to TRON holders then I might be suddenly more powerful.

At the end of the day there are about 50 - 60 people making money off this place while others lose. Things could have been different.

It is interesting that DLive and Steemit will be on the same blockchain again.

15.02.2020 01:38
0

some of these witnesses are absolutely ruining this chain.

By following stinc's lead despite know their history of acting against the good of the community?

Nobody in the community wanted linear rewards.
Most of the eip was proposed two years before the stagnation began.

This is our chance.
The albatross around our necks has taken flight.
Why would we tolerate another?

nedstrikesagain

15.02.2020 03:36
0

Good point. This place has turned into another government. Doing things against the wishes of the users/populace, enacting changes with no public discourse, extremely poor ability to manage. Now is our chance to get rid of the problem. If only we could manage to keep devs on board we could just fork Inc/Sun out and move on with things as we have been.

15.02.2020 03:45
0

I think it may be a done deal.
Have to wait to see what is in the next fork, and if the fellas are ready to cut some nuts and stand on our own.

15.02.2020 04:48
0

100% agreed Luke.

14.02.2020 19:51
0

We're home! :v:

14.02.2020 19:55
0

I am not sure I trust the witnesses to do anything but lock step their way to tron. Shouldn't the witnesses have been putting pressure on Steemit Inc to actually do something with this place? Seems like a massive problem that could easily be forked out of the equation once sun has control of inc's tokens.

The token swap/sale is direct evidence that Inc cares little for the user base as has been evidenced the past years. Sad really.

14.02.2020 20:04
0

Sometimes the truth hurts!

15.02.2020 01:32
0

Thanks for the info. Following you to know more about future developments and to see how this goes ahead for the community in general.

14.02.2020 20:07
0

Good to see and read that words @lukestokes - my first reaction was similar. Due to job related busy times I am bit off towards all developments and news. Usually I only have time to play and use a lot of the great DApps on the Steem blockchain in the evening or over the weekend - but now I was a bit shocked and concerned. It is way to early to judge what will happen though. Glad to have people like you still here.

14.02.2020 20:10
0

Thank you. I've always been here, but busy also with many cool projects like FIO, eosDAC, and more.

Steem is still my home on the blockchain, and I hope it becomes stronger and more secure through this transition, whichever way it goes.

14.02.2020 21:14
0

tron may offer higher scalability and people able to create accounts without a hassle. This could be a huge thing. The official team to my understanding is running out of money and i think these type of partnerships are good for future, lot of blockchains will do alliances in near future and we have seen that happening already.

Only thing to worry about is tokenomics, will old chain operate alongside new one or what. However experience with Tron Dapps and DEX's been pretty much hands down best after EOS, so im looking forward to this.

I also will support people forking out or moving to other chain. I'm very excited nonetheless of the future :)

14.02.2020 20:21
0

Thanks for providing that perspective. I don't know enough about Tron from a technical standpoint, other than what I hear in FUD and see in memes. I have some learning to do.

14.02.2020 21:15
0

Tron has gambling ponzis.. Thats it. Steem is superior in every way, especially with SMTs.
He just has more money and is trying to buy a fucking blockchain. If he manages that Steem on Tron will be worthless since he would LITERALLY buy a blockchain.

15.02.2020 03:30
0

I disagree, but time will tell. Steemit sold its entire token control package, and that's enough to massacre the project. But they keep many projects alive. It's STINC that employs programmers, it's STINC that has the most popular and best working node, it's about them that you have thousands of videos on Youtube.

14.02.2020 20:30
0

That's a good point and an important perspective. If they were to destroy Steem, they would do it with their tokens, and I did cover that potential in my post. If they were to destroy Steem (and Steemit along with it or take the brand and try to move it over to a Tron chain), then I imagine a core committed group we continue on as before, just with less support from exchanges, wallets, etc.

14.02.2020 21:17
0

Great post and thoughts. Very nicely formulated. I never liked Ned but he really is a piece of shit...

14.02.2020 20:37
0

Hahah... wow. I try not to create enemies, but for whatever reason he and I haven't really clicked. He still has me blocked on Twitter.

14.02.2020 21:17
0

This is very explanatory.. Thanks for this

14.02.2020 20:41
0

Luke, THATS THE NARRATIVE!!!! And thats whats important with the exchanges. You guys need to band together and "virtually lynch" the witnesses Ned told about this ahead of time.

We need to stand together and throw such a massive punch to the face of the fucker Justin that THINKS he can buy a blockchain. Thats what he is trying to do.

HE WANTS TO BUY A BLOCKCHAIN.

If he manages to do that then Steem has no point in being a cryptocurrency. Dlive was just a centralized website like Twitch and he bought it.
Steem isnt Dlive.
What happens to witnesses? They dont need you. They have super representatives.

14.02.2020 21:04
0

I will list you everything that Steemit will receive from a partnership with TRON:

  1. Greater decentralization: With a probability of 99%, Steemit will move to Bittorrent hosting.
  2. Speed: The TRON blockchain is the fastest at the moment.
  3. Popularity: Bittorrent and Dlive users, WinK players and many other TRON applications do not have a common social platform - it will become Steemit.
  4. Convenience: TRON platform is incredibly convenient and has
    user-friendly interface.
  5. Reliability: the TRON blockchain is resistant to quantum computers.

And of course low commissions: 0.000001 TRX is enough to not pay a commission at all.

14.02.2020 21:17
0

TRX in my not-so-humble-opinion is a shitcoin trading at 0.02 USD!

14.02.2020 22:54
0

Your opinion is completely wrong.

06.03.2020 08:34
0

And all of that will be killed if Twatter/Youtool style censorship is implemented.

No ease of use or token is worth my voice.

15.02.2020 09:04
0

Nothing will change in terms of censorship. Example - bittorrent.

06.03.2020 08:37
0

I'm very worried about the fact that Tron can centralize everything, I don't think Steem is ready for a fork, how disastrous do you think that scenario could be?

14.02.2020 21:19
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Ironic that this place you're speaking of, and linking to, this place that is immutable and permanent.... is Steemit.com :D

Sort of funny that you said that, after this post, and the title you gave it.

As we know, Steemit DOES censor and deplatform. It's the Steem blockchain itself which doesn't.

I guess you would have linked to that, if you could, but there's no direct link to the blockchain, only to front ends.

14.02.2020 21:30
0

This was very informative and eased my mind. Much needed at the end of an exciting day. Thanks for making it possible for us hypersensitive, non technical people to sleep at night.

Signed,

Li'l Hyper

14.02.2020 21:35
0

Think the first straw could be Steemit Inc shutting down or otherwise deprecating public RPC nodes.

Second could be public RPC node providers to begin shutting down nodes as load cost continues to mount likely prompting a user exodus and probably sell off -> market crash.

Last straw will be private node operators to shutdown as well as witnesses. Steem will then be a memory.

This is my "doomsday scenario" but I'm not all doom and gloom. I see potential opportunities in all of this to rebuild.

We need to start staging and deploying our backup strategies now. I've already tweeted /posted to this end and to my surprise. @CA_dawg was diligent in putting together a massive repo of forks.

Steem, condenser and much much more.

Think we are gonna be fine but there does seem to be a storm brewing imo.

14.02.2020 21:36
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@anyx has suggested that his SPS-supported node infrastructure can probably handle the load, and even if it can't, his SPS funding could easily be increased (currently only $15 per day). So your second step probably won't happen.

15.02.2020 00:23
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@cadawg I mean. Lol sorry mixed up your username. Link it anybody wants to show appreciation.

https://goldvoice.club/steem/@cadawg/re-anthonyadavisii-q5phzr

15.02.2020 00:26
0

Nice

14.02.2020 21:55
0

Nice

14.02.2020 21:58
0

No one knows what is going to happen next. The fact this was done on a weekend / Friday means we'll probably be waiting for further news and more answers through to next week.

It's an interesting chain of events for sure, but it also makes me regret the fact that once upon a time, several years ago I didn't know the difference between Steemit and Steem. The cresencdo in that is the fact that my car's licence plate still reads "Steemit".

How I wish I settled for "Steem" instead, the true vision that everything I say in a certain place has an immutable history that can be audited by anyone. I like that element. That's what allowed me to make a home in this abstract, yet decentralised platform that feels like the most familiar place, as highly technical as its underlying architechture may be.

14.02.2020 22:44
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Imagine my dismay when I got the STEEM/Steemit logo tattooed on my leg, only to see them change the Steemit logo a few weeks later. My initial reaction was fear in that my new tattoo made no sense. Delighted to see that the STEEM logo was in tact, still the exhaust coming out of the rocket ship ;)

15.02.2020 00:29
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There is a scheduled live Stream on Saturday.

15.02.2020 08:58
0

So Steemit Inc has given up on delivering SMTs and handing off Steem to Tron. Too hard, let Tron take care of it. Tron, still haven't come up with a fully working product, so, it is a win win for Tron and Steemit Inc.

I agree with the overall sentiment, we'll just have to wait and see, because as we know, the cryptosphere runs on hot air, rumour and vaporware.

@lukestokes Ouch! 9 BTC that must still sing a bit.

14.02.2020 22:48
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My prediction: Sun's probably going to offer to buy all of the steem users by offering them some kind of "miracle token" if they dump/sell their steem to him and join the new tron/steemit centralized version of the chain. At first, it will be nothing like the current steem blockchain, more confusing, more expensive, and less interactive. Then promises will be made that things will get a whole lot better... (we know how long that takes).

I can think of many people who will join in and say "everybody's doing it", "it's so much better!' I'd like to think most people will be smart enough not to fall for "I'll take what's behind curtain number 3" type of scam, but I'm not sure.

14.02.2020 23:01
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Since I can stop a power down so easily I've started that process. 13 weeks is a long ass time to wait and see if you've been buggered or not

15.02.2020 00:42
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SMT code is pretty much done, right? And public?
So its possible Steem could end up on Tron, and Steem-classic could roll-out the SMT hardfork, minus SteemitINC's stake; meaning each of us owns our original stake, but now on Tron, PLUS a larger relative share of Steem classic, now with SMTs.
Or am I missing something?

15.02.2020 00:49
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Uhhhh Ohhh @lukestokes The Super Delegates are coming for your lunch.

The 50 or 60 people pumping a profit on this chain are shook.

Most of us don't really care. I have a bigger investment in Tron at this point and a lot of others have quietly went out the back door with the majority of their money.

If they do take it to a TRON token and Binance does that conversion because Justin and CZ are boys Bittrex would likely follow suit and the old STEEM wouldn't really be able to be traded anywhere and the community wouldn't be able to rally together and pay the extortion fees to get on these exchanges so it would just end up as a ghost chain with no exchanges like WEKU or something. Also if Steemit INC wasn't doing updates it is unlikely anyone would continue to push updates if the incentives weren't there.

Most people would fall in line to hopefully join an ecosystem that hasn't slipped so far down the ranks on CoinMarketCap.

Maybe @ned will play a new song for us tomorrow.

Those in power will seek to remain in power.
15.02.2020 00:57
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wow

16.02.2020 02:26
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That's a bit disingenuous, the whole point of this blockchain was that it's value was tied to content creation. Not to mention, steem dollars/power.

15.02.2020 01:12
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Hi Sir Please donate me a little :) best regard

15.02.2020 01:21
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Well, as you said, token holders ultimately have the choice. Guess who is the only token holder that matters, with the biggest stake? Steemit, Inc. And as you also said they bought Steemit, inc.

I honestly don't understand how you're not making that link already.

It's not because the current management at Steemit, inc don't use the stake that Justin Sun won't as well.

15.02.2020 03:16
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STEEM hopefully can make history here and show how a technology can really change societies.

15.02.2020 03:26
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Today, TRON joins forces with the Steem community & Steemit. We are so excited about this collaboration and value the voice of this thriving community.
By committing a meaningful percentage of the STEEM token, TRON now aligns the same interests with the Steem community, to bring the value to STEEM token, to keep the core value of decentralization, to grow a one-of-a-kind decentralized social media platform.
Steem community and Steemit team have been pioneering the decentralized social media initiative and now with this strategic partnership, together we have more resources, capital and bandwidth to make this goal achievable. The fact both TRON and STEEM went up today post the announcement only proves that the market and industry at large view this partnership as a mutually beneficial alliance. We will work closely with the Steemit team and Steem community on the details of how we will execute this collaboration step by step.
Please join us in this endeavor, follow me on Twitter @justinsuntron, and voice your opinions as we pursue this exciting journey!! Thank you!

15.02.2020 04:03
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The fact both TRON and STEEM went up today post the announcement only proves that the market and industry at large view this partnership as a mutually beneficial alliance.

That's just low market cap cryptos being low market cap cryptos. We need more time to decide if the market is approving, especially since the details regarding this partnership are very much unclear.

That being said, welcome to Steem. Interesting times ahead.

15.02.2020 04:08
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Also, the announcement he's referring to is his Twitter post. It didn't hit Steem until many hours later. I found out about it from the Steem post last night, by Justin's brand new account.
So the initial rise has nothing to do with how Steem users feel. We'll find that out over the next couple days and weeks, as people power down, sell, buy, etc.

15.02.2020 15:09
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Welcome to Steem, Justin! Looking forward to this being a Win Win for Steem and Tron. I will be at the AMA tomorrow. Cheers!

15.02.2020 04:09
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I have faith in our shared vision for what lies ahead. Welcome to the family!

15.02.2020 04:15
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Hello Justin. I'm sorry we didn't get to meet each other at Satoshi Round Table this past weekend.

There are a lot of worried community members here. Block producers, token holders, bloggers, dApp developers, and more... many people have invested years of their life into this platform. They love it dearly. They've been through a lot, and they've put up with a lot. They've seen promises broken and partnerships fail. They've put their trust in leadership and been disappointed.

They are worried.

Many cashed out a long time ago. But many stuck around and made the Steem blockchain their home. This is their one spot on the internet where they can't be censored or removed. Even if they get flagged, the content is still here, on the blockchain, and it's theirs. The way this was announced, with no community engagement, consultation of the block producers, etc... it adds to that worry.

With that said, I look forward to the AMA tomorrow. I hope there will be a partnership and not contention. I hope we can all work together for mutual benefit. I also hope it's clear that Steemit is not Steem.

Thank you for commenting.

15.02.2020 04:16
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i think justin worries only about money and his coin tron, otherwise he could develop steem as a member of the steem community, if he was really genuinely inspired by this idea.y stupid action, guys, ldea. thi

15.02.2020 14:45
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I know you will stick up for us Luke you have a big heart. And nothing will happen to Steem blockchain, we will continue this pathway towards success together, as a community.

15.02.2020 16:22
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What’s up justin!! Waiting for the AMA tomorrow!! Let’s hear some great news man! 💪🏼🙌🏼💯

Posted using Partiko iOS

15.02.2020 04:19
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Creating a brand new social media platform, calling it something that already exists, and copying all of it's content is not joining forces. Why not clone Facebook's content to Tron and tweet that you're now joining forces with Facebook? Much bigger audience and just as legitimate.

15.02.2020 04:19
0

Time for changes. For better or for worse.
Welcome and good luck.

15.02.2020 04:25
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I agree.. At least now we got some capital to help Steemit grow!

15.02.2020 23:35
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Welcome to Steem! Looking forward to learn more details of this partnership

15.02.2020 04:30
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Welcome @justinsunsteemit to Steemit and the Steem Blockchain YEHHHH you get another UPVOTEsteemit upvote cliff jump.jpg

15.02.2020 04:49
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Lets always encourage one another to do great things

15.02.2020 04:54
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You realize he's here to destroy the steem blockchain, right?

15.02.2020 06:14
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Why? He's got cold hard cash at risk. He doesn't want to destroy it. He wants it to prosper and make him rich. I do too.

The problem is he may not understand how to do that, and may think things will make it prosper that will destroy it. It's up to us, who know who we are and why we're here, to enable him to well understand what will work, and what will destroy.

15.02.2020 08:02
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They want to turn the Steem blockchain into a dapp on Tron, because they only care about the userbase. Most likely they feel its a necessary strategy to stay competitive with EOS now that it will have Voice.

16.02.2020 06:20
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That's exactly what I'm talking about. Sun is a Tron prophet. Absent good reason to also support Steem's vision, he's going to take of Steem what he profitably can use to benefit Tron, and ignore our separate raison d'etre.

By demonstrating our unique value proposition, which I believe is actually every bit as valuable as Tron's, we can proselytize Sun into supporting Steem as in independent entity rather than folding it into Tron.

To date the problem has been that PoS enables governance to be controlled by whales, and those whales have an obligation to due diligence and financial prudence in managing their stakes. This has resulted in over 90% of rewards inuring to whales, and a retention rate below 10% YOY. It's not that the whales wanted to kick new users off the platform, but that their prudential duty to managing their stake was primary, and retention secondary.

Sun is exceptionally competent at marketing, and this is an incredible opportunity to benefit from that. However, it will require diligent governance on our part - on the part of the whales that effect governance absent deployment of Tron's 75M Steem that can undertake governance at it's sole option, making other whales no more relevant than the rest of us - to raise retention to industry standards, and allow rewards to encourage high quality users to stay.

Sun is not going to send profiteers waves of new users at great expense just so the whales can profiteer away all of their rewards and keep their ROI high. @ned did, but @ned wasn't able to rein in those other whales because of his philosophy of decentralized governance. I'm not convinced Sun shares that philosophy to that extent, and he may well deploy that stake to do so - if we don't do so first.

Our governors effected EIP in HF22 which successfully reined themselves in to a degree that shocked me, ending the blatant vote selling that nearly destroyed Steem completely. This reveals they aren't utterly incompetent at governance, and are able to grasp that there is a point at which profiteering becomes insuperable and must give up some value to allow rewards to flow to creators.

While that EIP has been successful, it is not successful enough, and we yet retain an opportunity to deploy our competence to raise retention nominally to justify Sun's marketing expertise to invest in bringing new users to Steem. He can simply replace our current governance with the stake he purchased from @ned, and if we don't act now to raise retention to support onboarding, he will do so at his sole option.

Retention is ~5% YOY, and we continue to bleed highly valuable content creators today, because our current governance flows ~90% of rewards to whales, valuing their stakes more highly than platform growth. This has been proved to reduce their long term ROI, but they are risk averse as is prudent, and cash is king.

Sun has cash to invest in onboarding and is competent to do so beyond industry standards. We need to invest in retention right now so that he doesn't need to deploy his stake to make investing in onboarding financially superable.

Whales need to encourage retention by allowing nominal rewards to flow to content creators. A good gauge of nominal rewards is the original vision in the White Paper. ~30% of rewards was expected to flow to creators originally, and this would probably sufficiently encourage users to remain onboard instead of giving up when they realize their work was simply profiting whales through financial manipulation of rewards by stake weighting. Either the whales presently executing governance grasp this and undertake to make it happen, or Sun will do what @ned did not, and effect governance at his sole option using that stake to rein in profiteering so that onboarding masses of new users will result in platform growth - probably on Tron, rather than Steem - and the rest of the whales on Steem will be no more able to govern than the rest of us.

Either we demonstrate we can effectively make Steem a platform that is best allowed to profit Tron by being independent, or Sun will have no choice but to fold it into Tron and make it profitable to him using the stake that enables him to do this at his sole option.

Sun doesn't only care about his userbase. He wants to generate profit, and the userbase is the source of profit.

16.02.2020 14:59
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Great job. Don't sure what happening.

15.02.2020 05:00
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Hi @justinsunsteemit. It is great to see you here and glad to see that your values align with Steem. There are several win-wins here that we all should be working for, but, as i am sure you are aware, we have to be very careful about the way we put the vision for this to the community.

Hopefully you are aware that based on the information that you have released so far, the community is very worried about what the next steps are and there is a lot of talk about a potential fork away from Tron within the Steem community as many members presently see this as a hostile take over by Tron and not a mutually beneficial partnership.

In order to calm nerves and bring stability to this deal, it would be beneficial for the communities from both chains, the Tron team and the Steemit Inc. team members if you could focus on the following with @ned in tomorrow's live stream:

1) Win-win for Tron and Steem communities - what does it look like to you?
2) a guarantee that you are not planning on swapping out the Tteem token for a TronSteem token - from what i am reading on Steem from earlier today, this would basically cause the community to immediately fork away from Tron
3) A guarantee that a win-win will be created by having Tron integrated into Steemit.com so that a dual relationship can work where both a Tron based token and the original Steem token can coexist on the same platform
4) a guarantee / commitment that the current ongoing work on SMTs and communities development on steem will be continued to completion
5) A guarantee that tokens currently listed on exchanges as the current Steem token will remain as such, and that the new Tron-Steem token will be a separate entity on exchanges

From what i have picked up today, these are the main concerns from the community and closing these items out in the live stream tomorrow would benefit everyone. Additionally, positive answers to these items will almost certainly result in token price boosts to both Tron and Steem and a sustainable growth together in the future. Taking on board what the community is saying, un-clear resolution of these issues will likely result in a break down in the deal and a hit to reputations on all sides, as well as a hard fork.

15.02.2020 05:25
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This is a good new notice.

15.02.2020 05:43
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Where did they get "proprietary" from? Proprietary is relating to an owner or ownership and the Steem blockchain is not (to my knowledge) owned by anyone.

Sorry sir, but you are utterly wrong. At a level of content and tokens you may be right - even though the steemit was sold with its tokens and licences, the rest of tokens belong to users. One need to look at the whole ecosystem. When you rip off a significant part of economy/ecosystem - steemit is a major window for user of greater value than tokens themselves - you either take users as hostages go with me to decrease your losses or die with your crippled economy.

Major player f* us over and forced us into China-based and prone to censorship hands.

15.02.2020 06:58
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"...China-based and prone to censorship..."

Big nope from me on censorship. Imma get the fork outta here at the first whiff of it. I bet all my SBD that someone, somewhere, is forking Steem right now.

Thanks!

15.02.2020 08:12
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Hi @justinsunsteemit
This is a great news, I do actually believe it is good for Steemit.inc...etc
But just as a reminder the Steem Blockchain is #Decentralized and we have Witnesses and the community to run the whole thing smoothly ! Beneficial to all of us using Steemit.
We need investors more than anything, I do like the recent price increase of Steem Token , Do you mind selling some good old tron to power up your Steemit account?
Screenshot_20200215-104533.png
Welcome to Steemit btw!

15.02.2020 10:48
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The fact both TRON and STEEM went up today post the announcement only proves that the market and industry at large view this partnership as a mutually beneficial alliance.

Does it? Or does it simply prove that people are willing to buy any token to speculate on an upswing for any news/press hits?

15.02.2020 14:10
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Welcome to the Game of Thrones blockchain edition, half seem to want a purge and are happy for a change, half are debating if you and/or Ned are Reptilian overlords.
Battleaxe, long time blogger and maker of Memes

15.02.2020 15:13
0

hellohello.gif

15.02.2020 15:15
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This is a copy and paste response that is just the original post he made here: https://steempeak.com/steem/@justinsunsteemit/excited-about-tron-and-steem-steemit-collaboration

Some real communication like a real human being would be nice... just saying!

15.02.2020 18:21
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Waoooo super great I am very happy to know and that is why many very important people are joining steemit see the potential of a decentralized social technology blockchain and epale great characters come together as justinsun of #lujo we go for more


vamos comunidad de steemit

19.02.2020 04:33
0

True that im with you bro I get it. We knew it was coming. But Positivity however you view it is a must. Tron$ rep is sad, but so is steemit$. But together we are all stronger. We are all reaching for the same goal to decentralize the world. Does not change the greed of imperfect men tho. Nothing is perfect but we take what we can in the most productive way we can. Its not an easy road, be glad it made some good people rich though, who have the same goals with blockchain. We are not at war with other blockchains we are at war with the corrupt system. We have to come together even if it takes swallowing pride and being humble. Let's do this. This is good if we swallow the red pill. Its only a glitch in the matrix. B⃤ E⃤ W⃤ E⃤ L⃤ L⃤

Posted using Partiko Android

15.02.2020 07:24
0

I need to know the detailed roadmap. Now everything is not clear. Most probably steemit will become a tron dapp. Steem will exist in two versions: Normal Steem and Steem Tron token.

15.02.2020 07:24
0

Let's wait for the AMA to know where are we headed. Its good to let them know the sentiments of the community. We are hopeful they also want community to be on their side of deal.

15.02.2020 07:40
0

Yikes, now they are going to try to take STEEM away just as the altcoin rally begins, I hope not! Hope this all works out, fingers crossed????

15.02.2020 07:58
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"...this is a decentralized community-run blockchain."

With 1/3 of the voting rights concentrated in Tron's hands atm. That effectively limits the decentralization.

I appreciate the heart and soul you've put into this platform and I know you're all in. I want every bit as much as do you to see it become the mechanism of transcendence from centralized platforms to the freedom and prosperity for all decentralization and Steem heralds.

I have concerns, as we all do, that vision is not universally shared, and unknown unknowns presently leer at us from the shadows. I know that with folks like yourself standing with me, regardless of the terror the unknowns might engender, our mutual commitment to a free and prosperous future can enable us to smile right back at it, and keep moving forward towards a better world.

If our home free of censorship and the governance of overlords is threatened by the dominance of one malevolent stakeholder that threatens to destroy it, threatens to fork it up, we can fork that malignant stake away, and cure the cancer that thinks it can eat us all for lunch.

Censorship resistance, decentralized governance, and maintaining the freedom from KYC/AML anonymity ensures are my lines in the sand. I hope enough of us have the self respect and confidence in our competence to draw that line and paint it red.

Thanks!

15.02.2020 07:59
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I think it's accurate to say no one really knows yet. If the Tron Foundation controls Steemit's token stake, it's possible they could vote in their own producers and centralize everything. It's also possible the community could decide to fork out their stake to create a new chain (similar to Ethereum Classic or Bitcoin Cash).

If steemit controls enough SP to decide their block producers, probably they can decide what the legacy Steem token is, right? Then Steem classic will only have value because of its users. How many gonna stay if that happens? I doubt. Where $ is where users is.

15.02.2020 08:20
0

Interesting! Resteemed this article. Thank you for supporting Steem community.

Posted using Partiko iOS

15.02.2020 10:25
0

You are repeating the same thing for years, but fewer and fewer people are listening.

If Steem is not Steemit, please, Tell me who is using it and for what?

Oh, yes, there are several online casinos and several sub-mediocre games with 100 active players at best

How do you people imagine to do something constructive if you keep repeating the same self-deceptions for years?!

Sorry, I've forgotten... It's Steemit... Place where marginal people who became gods at one moment enjoy their glory

15.02.2020 12:03
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Seems to me that if someone buys Steemit Inc, they are now the employers of the developers of the blockchain.

Of course, the witnesses can refuse to run some new code if they don't like it, and maybe even fork. But practically, a new owner of Steemit means the ability to release legitimate new versions of the Steem software.

Who knows how well that will go. In my experience, Steem witnesses seem much more interested in "proprietary" chain-specific minutiae that matter to a dozen people than the types of things I speculate any of Steemit's new owners might be interested in.

It will be interesting to see.

15.02.2020 14:13
0

15.02.2020 15:54
0

It's good to have another voice of reason in the all the confusion...

Posted using Partiko Android

15.02.2020 20:56
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I think this is horrible. Sun is a very shady character. This will not do Steem any good at all long term.

15.02.2020 21:30
0

Very informative as I was confused on this for a while when I first heard about it. Thank you.

15.02.2020 21:51
0

Precisely!

15.02.2020 21:59
0

As a member of the community and Steem enthusiast however, I am concerned that Steem will lose its core values and meaning, wonder whether our voices are truly immutable or if they have been up for sale all along the same as on all other corporate social media platforms.

16.02.2020 01:44
0

So true

16.02.2020 04:17
0

This wouldn't be a great idea lol, steemit has great goals and has acchieved a lot in decentralizing information. Forking it would unavoidably sow discord within the userbase.

16.02.2020 15:53
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Says the 7 months old account with 0 Steem Power :0

16.02.2020 19:01
0

This feels like a good way to go but only time wil tell:)

16.02.2020 20:12
0

I have close to $1000 in steem. Did I buy at the wrong time? Will Steem be converted to TRON?

16.02.2020 20:20
0

They will remain your steem only in a different chain which does not affect you and you can sell when you raise greetings

17.02.2020 07:05
0

Good News for me

16.02.2020 20:24
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I use www.steempeak.com becuase I couldnt disagree more with the ethics practiced by the Steemit .com devs. Im almost happy to never have to hear of them again.

17.02.2020 05:44
0

This will be good for the two projects below the fears above the prices and together they will close much more to decentralize the network

17.02.2020 07:13
0

nice!!! edited
This message was written by guest waivio_waivio, and is available at www.investarena.com

17.02.2020 10:54
0

interesting

18.02.2020 08:57
0

'run by' , you say ? .... that might be right but they're just nodes

'developed by' ? afaik thats steemit ... excluding a few (d)apps running on it development of the actual chain is steemit and steemit alone , proposals might be given but the witness system is crooked, there's no way of knowing someone doesnt have 5000 accounts ... you can check how many of the auto-downvoters atm are voting on an account named puncakbukit for instance and afaik witness decisions on development are not hardcoded in any way

all you need is enough nodes to continue, the fact that there's 50 or 20 who have 'decision rights' is nowhere written in stone, thats consensus (i think it used to be 50)

i have no idea what they told the guy, lol ... i was hoping for change but it seems there will be none
afaik its just possible that the dutch guy, aggroed and ultimatt already made ultimata threatening to close down if a migration happened

but in essence, to function it does not need any of them or i must be missing something seriously missing and im not sure if its better off with or without

no change is no change ... so if everything stays the same then nothing changes which means actually there's nothing interesting going on

but i did get suckered into making a few comments

too many for my own liking

im gonna have to see something other than 4year old custom json with a nametag on it or something thats been on the shelves and talked about for years 'now suddenly appearing in two weeks' to be interested but actually

i dont really matter to this puddle either :)

all in all, other than the happy few who got to sell off during the 48hour bump

nothing actually happened

20.02.2020 06:03
0