Article States That Justin Sun and Tron will Acquire Steemit


https://globalcoinresearch.com/2019/12/09/breaking-justin-sun-and-tron-to-acquire-steemit/

For the record, I am totally spreading an unconfirmed news report. However, it certainly is fun to speculate about it. I have no inside information and have not seen this story confirmed or denied at this time. Of course I consider the story and whether it is true or false. All news is good news!

For fun I decided to buy the rumor and picked up some Steem for the rumor pump.

According to Chinese media Mars Finance, Justin Sun is looking to acquired Steemit, a part blogging platform, part social network, that rewards contributors with Steem tokens. Steemit was created by Ned Scott and EOS founder Dan Larimer. The team launched the social media platform Steemit as the first application built upon Steem blockchain.

Personally, I would not mind if someone like Justin Sun who has visibility and assets purchased a controlling share of stake or perhaps the article means he might purchase SteemIt, Inc.

I also want to say the article is very scant on any details or facts, so it could totally be fake news. Also based on our branding it is hard to tell if it means Justin would try to acquire a controlling stake or the company of SteemIt.

In any case even if it is a rumor, it's a fun one. It would be an important merger/partnership between two projects which is exactly what I am expecting to see in the near future. Projects starting to combine resources, communities and other points of synergy.

In my opinion our biggest problem is lack of visibility and marketing and everyone knows Justin knows how to do both.

Sure will be interesting to see how the story pans out, I for one would be fine with the news, if it turned out to be true.

How would you feel?

@whatsup


Comments 134


09.12.2019 23:14
12

That soundtrack tho

10.12.2019 00:39
0

Lol

10.12.2019 03:46
0

Not sure what to think of this :/

09.12.2019 23:16
3

Hostile takeover??? :O

Or am I just getting all...
Dramatic

09.12.2019 23:18
2

!dramatoken

09.12.2019 23:36
2

Such drama, you've earned a DRAMA!

To view or trade DRAMA go to steem-engine.com.

09.12.2019 23:36
0

If that fuck buys Steemit im powering down.

Pretty sure that wont happen although i wouldnt be surprised if he tried. Whats Steemit.inc stake worth nowadays? 10-15 million USD?
Buying the company and liquidating it would not only kill a legit competitor if he got the company cheap but it would allow him to shill TRON more via Steemit thats by far the biggest and most successful crypto dapp.

09.12.2019 23:20
3

why do you hate Justin Sun so much?

I love steemit but you have to admit Justin is 100x better at marketing than anyone involved with steem... would be nice to be up over 1 billion market cap again

09.12.2019 23:22
4

Exactly this.

09.12.2019 23:24
1

Because hes a shitcoin shill with 0 credibility. He fakes trading volume, transaction and user numbers, copies white papers, lies... TRON is filled with illegal or borderline illegal gambling dapps, Bittorent literally funds piracy and content theft.
He buys up companies and turns them into a Tron shilling machine without creating anything of value.
He "fakes it till he makes it" and now that idiot investors gave him money he wants to buy one of the only things in crypto thats worth a damn?

No thx.

Snake oil salesmen were great marketers as well, the best, doesnt mean id want them running steemit.

09.12.2019 23:35
2

Sometimes I think it's probably easier to onboard people to the benefits of snake-oil at this point.

09.12.2019 23:54
1

Depressing

09.12.2019 23:58
0

Youre probably right.

10.12.2019 00:09
0

So you rather pay $24,99 PER movie instead of just watching them for free thanks to bittorrent?

I get its nice and all to be a "legit" but do you REALLY need to give more money to the entertainment industry which is the only industry that is not effected by recessions. (just like the mafia)

09.12.2019 23:56
2

Id rather walk into a store and just take the beer instead of paying $6,99 for a six pack.

It doesnt matter if you think some industry is mafia like or not or how much money you think they should earn.
Those are just justifications for content theft and now you add a token to it?

Let me ask you this.
If you saw someone literally rip off someone elses post here and get rewarded for it, would you downvote?
I would. I would downvote even if i thought the guy that got his content stolen was a prick and a douchebag.

10.12.2019 00:05
2

So you can steal from someone because he's rich? Come on...

10.12.2019 00:32
2

The Congress shall have Power [...] to promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries. *

11.12.2019 14:20
0

I can totally see him wanting Steemit for the community and the platform.

I don't care if people hate him, crypto will see mergers and it would be interesting as could be

09.12.2019 23:24
2

Im not denying that it would be interesting but so was pulling a fishing hook out of my finger this summer. It was an interesting sight.
Doesnt mean i want to do it again.

If Steemit.inc didnt have as much stake as they do id probably not have a big problem with this but since they hold as much as they do they are a huge liability. I trust Steemit.inc not to abuse the power that came from the early mine which they are not doing but i dont trust Justin a single bit.

09.12.2019 23:41
6

I trust steemit inc and all the rest of our stakeholders too, to sit and watch the project languish.

We need an influx of excitement, energy, money.

09.12.2019 23:44
2

If Steemit inc. wanted to sell, it could mean that their backs were against the wall and they didn’t believe in the sustainability of our future.

If communities and smt’s are really supposed to bring life back into this place (I think it will), why sell you’re stake when it could easily be worth double or triple in the next year?

Edit* and the pump begins 🎅

If this is true and Steem inc is considering this, maybe put future isn’t as bright as we might think. In that case I’m all for Justin Sun gaining a stake. Worst case we sell our stake once the price pumps if we don’t like what he’s done with the place lol

09.12.2019 23:52
3

The future is as bright as you make it.
Development and marketing is what we need.

Also, at times companies just don't have the knowledge or resources to take a company to it's potential alone. A smart business owner knows this and also sometimes competing companies join.

The last company I worked with was acquired 5 times in 10 years, never once was it because we were failing, it was because we could be stronger.

09.12.2019 23:58
2

great points whatsup! Well rumor or not, the price is up at least, so I'm hoping for the best!

Wanted to buy a huge chunk of Steem next month if the price stayed low, but I guess the universe is telling me to buy BTC and see what happens lol

10.12.2019 03:07
1

Cmon. SMTs, Communities, lite accounts from Steempeak, Splinterlands...
Just because we might be used to the news and need a constant stream of excitement as internet users, doesnt mean we need the "Announcement of the announcement guy".

Look around steem, find an exciting creator, theres enough of that to enjoy while we wait for the test net to end.

Thinking about the price of Steem all day every day kills what this platform is about. People, content, engagement, dapps etc...

09.12.2019 23:55
0

You don't get to define what this platform is about.

You only get to define what it is about for you

10.12.2019 00:04
2

Well no. Its pretty well established what this platform is about. Pretty sure it was from day 1, even before the whitepaper when it was just an idea in Dan and Neds head.
The platform is about diversity of people, content, ideas, monetization of content, and whatever else. Its not only about "how much does steem cost today".
You can explore only that side of it (which indeed is not what you do) but its not the only side of STEEM.

10.12.2019 00:17
0

Who said I am talking about money, I am talking about painfully slow development.

Painfully slow adoption, zero marketing and most of our efforts going into changing our own chain and attacking our own userbase. Which is NO WAY to build a product.

10.12.2019 00:21
2

Oh i agree. I just dont want Justin to do a under the table deal for 60 million SP nor do i think he is good for Steem just because he has money.
Would you lets say want Faketoshi in his place? He does marketing well too.

My point is that lets not jump at everyone that might have deep pockets and proclaim them as saviors.
Maybe we dont need saving. Maybe wer doing much better then 90% of the rest of the market.

10.12.2019 00:26
3

👀

10.12.2019 11:32
0

I think it's worth really less than 15M.
Max 5 in my opinion but I may be wrong.

10.12.2019 02:42
1

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

09.12.2019 23:21
0

Well isn’t that an intersecting turn of events, if he can bring steem into the Chinese market more power to him, I’ll be sitting pretty on my investment

09.12.2019 23:32
1

I have no issues with it. We need some big news to get some eyeballs and that would sure do it.

09.12.2019 23:35
4

Well we'd pump ....before we dumped

I think it'd be good for any of us looking to get rid of our steem at a better price. Can't imagine it being good for the mid or long term future of the platform.

09.12.2019 23:45
1

I don't see how it would be bad.

09.12.2019 23:47
1

You think he really cares about if steemit works out or you think he cares about using it to promote tron?

I mean, I’m good no matter what happens. I wouldn’t mind a pump and if the community got overrun by tron SEO and scams It could be good for whaleshares or some yet to be released eos platform. And if not I’ll still be here :-)

10.12.2019 00:07
3

I think it would be a great thing for him to have a platform with a community to help his own users. Have you ever tried to find information on how to use anything on Tron? It's a bigger mess than Steem by far.

10.12.2019 00:11
1

No doubt it would be good for tron! It's be great for tron

10.12.2019 00:22
0

Thanks

10.12.2019 07:52
1

I guess it depends on how much stake of the network Steemit currently owns and those stakeholders that would follow Sun's marketing for chain changes. If it's enough to elect super majority of witnesses he could do whatever he wants to our base chain.

10.12.2019 00:28
3

I was thinking about it like they purchase SteemIt Inc. The company, and some portion of the stake that would go with that.

In that position they could keep the team or not and add marketing and resources.

10.12.2019 00:36
1

Yeah my biggest question would be how much stake is going to them. Not sure it would matter as a lot of users would likely kowtow to his influence regardless if he's the new 'boss'.

10.12.2019 00:41
1

Very true

10.12.2019 00:46
1

Steemit is not Steem.

Between @steem, @steemit, and @misterdelegation, Stinc has about 60 million SP. Add to that a few other accounts and X STEEM on exchanges. Some big accounts like @freedom are question marks.

Overall though, Stinc has ballparkish something like a quarter or maybe a third of outstanding Steem.

09.12.2019 23:48
2

Yep! Also though we know they are operating very close to the margin. So, it could be a great thing.

10.12.2019 01:28
1

Very emotional @whatsup, full of expectations, although I don't know who that guy Justin is.
If you're happy I'm happy. hahahah

09.12.2019 23:53
4

We don't know if it is true. But it's a fun rumor.

He's the founder of Tron.

10.12.2019 00:01
2

How would you feel?

09.12.2019 23:56
2

Seriously, this looks like fake news like earlier this year.

But who knows, the price of STEEM has been low for a long time and Steemit, Inc is a private company. Who knows what the state of its finances is. But I consider that less likely that this being all fake news.

10.12.2019 00:02
1

Well it’s understandable to me, why else would aggroed (name dropping to add more fuel to the fake news fire) use tron services for fundraising and accept tron via splinterlands if the witnesses and stinc weren’t wanting to sell to Justin.

Also makes since Tron is the one who will be partnering with SMTs to create a tron backed Steem token!

It would be a good way to compete with EOS to acquire Steemit before voice is launched on the EOS platform. Beats trying to compete with their warchest when you can just buy a proven product for cheap and use your marketing skills to improve its position.

I can do you one better since Ark has a presence on the platform. Tron is working with Ark and Steemit to “combine blockchains” so that when either platform becomes congested in the next bull run they ark will be able to figure out the cheapest blockchain to run the transaction on at that time and make it happen seemlessly allowing resources for either blockchain to be used by either blockchain and therefore integrating a tron reward pool on Steemit as part of the deal. Verified by no source whatsoever.

10.12.2019 00:08
3

That actually sounds very good! That's precisely what should be happening a lot more often in the space. Blockchain projects should not be islands. I've been saying for years that interoperability is key if the sector wants to tackle real world problems and challenge legacy systems effectively.

10.12.2019 00:13
1

I think some excellent partnerships NEED to take place in crypto. While the rumor seems to be petering out a bit, to me I love to take part in an important early merger.

10.12.2019 01:27
2

Can you elaborate on how Ark is joining up with steemit? I am behind on the current crypto news. Thanks.

10.12.2019 04:28
0

It was a joke. I was creating fake news.

10.12.2019 16:09
0

Eos platform is called voice? When is it due to drop?

Posted using Partiko iOS

10.12.2019 06:40
0

Yeah EOS new social platform is called voice. I haven't heard any updates from the initial announcement besides they are still working on it. No release date as far as I know.

10.12.2019 16:10
1

Release date for Voice Beta is February 14.

10.12.2019 17:53
2

O nice thanks!

10.12.2019 18:07
0

Valentine's Day ❣️

11.12.2019 20:02
0

Funnily enough I was just thinking about how a partnership with Tron would be good just the other day.
I mean look at the success of @splinterlands.
Tron is know for its games and a partnership with a blogging platform where players can post game reviews and walkthroughs. I mean really it just makes sense . And with the launch of SMT’s and communities on Steem as well as NFT’s on @SteemEngine , there really is no better time then now.

Posted using Partiko iOS

10.12.2019 00:15
3

The earliest mention of it I've seen has been a Russian site but am sure there may be earlier mentions. Even if it's false it'll be fun to watch it spread through crypto media.

10.12.2019 00:34
1

@tipu curate
Now, I really hope that if it's true, he won't just milk the platform or use it to fund/shill his other projects... Anyway steem and it's community is pretty resilient so even if he decides to dump it, we'll still be here :)

10.12.2019 00:37
1

Upvoted 👌 (Mana: 0/10 - need recharge?)

10.12.2019 00:37
0

Justin Sun is a nobody to noncoiners. To those with cryptocoins he is mostly considered a successful, but scummy marketer.

It will boost price if true, but it won't actually make steem any better unless it attracts developers and development. Looking at Tron's other projects I doubt this could be a long term good.

If he buys SteemINCs stake, a fork to remove ninja mined Steem should happen. Play both chains or sell one and stck with the other.

10.12.2019 01:13
1

if they acquire steem, they will probably buy the whole ninja stake too ;)

10.12.2019 02:34
0

Imagine in the event of a sale, a fork where all the ninja mined steem is burned or moved to the SPS instead of sold to Tron Inc.

10.12.2019 02:47
0

That can not happen unfortunately, knowing people of Tron, they would never buy Steem without that stake included...

In the best case : Steem and Steemit stay as it is and we will all get benefit of that new partnership. So the Steemit team can continue their work and deliver the new promised features and improve the chain with less difficulties.

In the worst case : they will use the stake to put their own witnesses on Steem, make their own promotion on Steemit, and so until Steem, Steemit and we falls.

10.12.2019 03:16
0

I cannot see the worse case you mentioned being profitable or wise for even tron.

10.12.2019 03:51
0

Wow that would change a lot for us.

10.12.2019 01:18
2

tronsocheap2.jpg

10.12.2019 01:35
9

This has got to be fake news...

Anyone remembered a time where someone said Samsung bought Steemit Inc? 🤨

10.12.2019 01:38
1

It's not the first rumor for sure.

10.12.2019 01:48
2

!giphy happy confused

10.12.2019 01:49
1




giphy is supported by witness untersatz!

10.12.2019 01:49
5


Hoping for the best, planning for the worst.

Let's watch the external buy and sell volume on the exchanges. Could be an indication of the truthfulness of the cited article. Hey, there are always folks with insider information and they may just show their hand.

10.12.2019 01:55
2

I would feel relieved if he bought it! If not him somebody will!

10.12.2019 02:29
3

The news gave STEEM's chart a boner!

10.12.2019 02:30
7

and a nice one.

10.12.2019 03:39
1

Is this true or fake news now??

10.12.2019 02:48
3

It's unconfirmed

10.12.2019 03:01
1

Here is the Weibo post by Sun Yuchen cited in the original Mars Finance App article (translated using Google from the original Chinese)...

image.png

...according to people familiar with the matter, it was revealed to Mars Finance that Tron is about to acquire the blockchain project Steemit. -Mars Finance APP (WeChat: hxcj24h)

No mention of STINC acquisition in the WIEBO post made by Sun Yuchen.


I am very nosey and very good at research.

10.12.2019 03:12
0

If confirmed please create a new article or state this somewhere I would love to know please

10.12.2019 03:24
1

How would you feel?

All depends on whether or not our stakes will be invalidated.

10.12.2019 03:08
9

Why on Earth would your stake be invalidated?

10.12.2019 03:15
2

Invalidated is probably the wrong word.

I'm imagine the scenario where Justin would acquire STINC stake and use it however he pleases. Which is fair because it'd be his stake then. But, may not be as great when he could control consensus through witnesses. I suppose that could go either way.

Of course, there's also the whole "scare" of Chinese government coming in from the shadows and stuff.

From a more practical point of view, I guess I don't really care if my stake is worth more than it is currently.

There is one thing I'm a bit puzzled...why delist STEEM from Poloniex if he were to acquire STINC or Steemit.com?

10.12.2019 03:28
4

Now I get it, yeah there would be some unknowns for sure.

10.12.2019 03:50
2

Absolutely. There are many ways tron could benefit that would not make for a healthy platform and he has the resources and following to go through with it.

But I’m just here for the ride, hoping for the best. That was a short pump...

Posted using Partiko iOS

10.12.2019 06:44
2

We just wait and see.

10.12.2019 09:21
1

Steem is a community and can fork away from a hostile takeover. That's why I don't think this rumor is true.

10.12.2019 08:47
2

Steem can't fork away.
We had this topic many times in steem's history, but we hadn't a single community fork.
Only competent and intelligent users leaving in masses..

10.12.2019 09:19
0

Steem can fork away though, we didn't in the past because there was no reason for it.

Zumindest kein Grund der groß genug war um so etwas wie einen spaltenden Form in Gang zu setzen.

10.12.2019 09:54
0

Nö überhaupt nich.
Dass eine dezentrale Plattform nicht wirklich dezentral ist, ist nicht wichtig genug.

10.12.2019 10:12
0

Inwiefern willst du denn durch einen Fork die Plattform dezentraler machen? Und wäre etwas mehr Dezentralität es wert zu riskieren, dass die Chain sich spaltet? Imo nicht.

10.12.2019 10:46
0

Genau deswegen sind auch die besten Köpfe unter den Steemianern schon wieder weg.

Scheiß auf Stinc's Einfluss so lange ICH REICH WERDEEEE, WHOOOHOO

Viel Spaß

10.12.2019 10:53
0

It doesn't matter if the community can fork away.

Rebuilding the connections with exchanges, etc. is not instantaneous.

10.12.2019 09:20
2

Wouldn't it be rather obvious for them to fork away with a new token once they have acquired Steemit Inc?

10.12.2019 10:48
6

It may really be happening. Justin Sun and Ned Scott have been tweeting back and forth about partnership before.

Last Friday, LoMoCoin (a Chinese app) has been announced to have been bought by a Russian gaming company and now we'll have our LoMoCoin swapped for Lemon Game tokens, so I wouldn't be surprised by another M&A.

Posted using Partiko Android

10.12.2019 04:50
2

🤷🏼‍♂️😂

Posted using Partiko iOS

10.12.2019 06:12
1

I don't know what to think about this...

10.12.2019 07:03
1

@whatsup,
I think they mean $trdo instead of #tron lol :D

Cheers~

10.12.2019 07:28
3

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10.12.2019 07:28
0

people still use steemit.com? oof. it would be cheaper to just hire an UI/UX dev and make your own frontend. But on the other hand, Sun isn't known for good business decisions

10.12.2019 10:34
0

Actually, I do still use it. It was the first one I got to know, so it's sort of just stayed as the default. I use busy.org and 3speak as well, but I mostly just keep falling back to the original.

12.12.2019 15:56
0

I sold at the 13 cent peak and topped up my doge bag!!! Winning!

Posted using Partiko Android

10.12.2019 11:36
0

if that turns out to be true that would be scary

10.12.2019 13:46
0

😮😮😮

Posted using Partiko Android

10.12.2019 14:08
0

Yes, the marketing might get better but what about decentralization? Have you forgotten the co-founder of Tron left the project this year because he said it was no longer decentralized? Source

Also "32.6 billion Tron (TRX) worth approximately $744 million are not in circulation, indicating that they are held by the Tron Foundation. Notably, Justin Sun is the Founder and CEO of the Tron Foundation.." Source.

In my opinion Tron means danger to this platform.

10.12.2019 14:10
1

I'm with you @whatsup.
With this "News", I see STEEM pumping to at least $1

10.12.2019 14:24
3

I mean SBD at $1

10.12.2019 14:28
2

I think it will be awesome! I hope it is true! That is why Steem Monsters changed their name to Splinterlands awhile ago for the TRON integration. I am excited!

10.12.2019 14:58
1

Congratulations @whatsup!
Your post was mentioned in the Steem Hit Parade in the following category:

  • Pending payout - Ranked 4 with $ 40,75
10.12.2019 15:51
0

Hold on! I was sure that Samsung will buy Steemit... How can Justin Sun buy something that is already sold?

10.12.2019 17:38
1

I wouldn't mind it, despite the fact I favor current steemit team I somehow think they haven't build sustainable business and should seek for a partnership

10.12.2019 17:43
1

I swear - Haejin is Justin Sun :)

10.12.2019 18:50
5

Warum grosse Reden schwingen, wenn man es mit 26 Zeichen bis in den Wolfecast schafft?
Ganz großes Tennis!
!BEER

13.12.2019 06:20
1

Hups?!
Danke für den Hinweis!

13.12.2019 08:03
0

mixed bag, change is desperately needed and at least some good changes seem to be taking hold of some overall behaviors on here which is crucial to onboarding anyone. However his involvement in a few things is sort of "interesting" but who knows, could be the shake up needed and things are heading to KYC anyways
https://cointelegraph.com/news/tron-founder-justin-sun-admits-investment-in-crypto-exchange-poloniex

10.12.2019 20:20
0

True rumor or not, time to spread the gossip. Free buzz to get the cryptosphere more aware of whats goin on here. And steemit isnt steem, so im good with the additional stability if they want to own the largest stake in the blockchain.

11.12.2019 00:49
1

According to Chinese media Mars Finance, Justin Sun is looking to acquired Steemit,

Spelling error. Unfortunate sign of fake news.

11.12.2019 19:59
1

Yes, it was still an interesting idea to discuss. :)

11.12.2019 21:24
2

Hello dear friend @whatsup.

Recall that crypto in general, are finance. It is true, the camp of applicability in the social, technological, health, entertainment, etc ... is infinite, but basically it is all about finance.

Then we must understand that the world of finance is constantly developing strategic partnerships. Everything depends on creativity and the genius of entrepreneurs.

A good market and feasibility study will lead to successful decision making.

In this case, if this association were true, it would be good news for Steem Blockchain.

Thanks for sharing.

All best, Piotr.

11.12.2019 21:31
0

I know you already know, but I wanted to make sure this got posted here. :)

12.12.2019 14:37
0

Congratulations @whatsup, your post successfully recieved 15.38344913 TRDO from below listed TRENDO callers:

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12.12.2019 23:31
0

Steemit Inc. is a business and if they choose to sell, who knows? Maybe it'll be for the benefit of the entire Steemisphere? My question would be, is if Eli and Andrarchy and others are under contract, do they come with the package?

13.12.2019 16:42
1

That’d certainly be a nice Xmas surprise and an optimistic start for the new year...

19.12.2019 04:31
2

Nice!

19.12.2019 04:31
0