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RE: The truth about what happened today!

in Photography6 years ago

I know I'm reeling and swinging back and forth between totally giving up and digging in for a fight...

“Evil, but straight up gangster and very smart.”

Evil and gangster on Justin Sun's part, sure... but I'm struggling to find the smart after today. For the past couple weeks I've felt pretty good about the direction based on the premise that Justin's and our interests were mutually aligned. But after today I'm just questioning, "What the hell did Justin actually buy!?!"

Dropping millions of dollars got him Steemit Inc. and all that came with it. The Steemit domain/brand, development team, and stake.

Quite frankly, we've battled the stigma associated with the Steemit brand for years now, so that's not a big asset, and after today some key employees and developers are resigning, and Sun has gotten some rather bad press off the whole deal while alienating a large portion of the existing community. Justin could've spun up 20 witness servers and launched a Steem clone for a couple thousand bucks! Billed it as an innovative new social media project on Tron! Controlled the entire token supply as he saw fit. I just can't see any business sense to why he bought Steemit Inc. after todays debacle. It's almost like he didn't even know it was open source code...