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RE: For those confused by Steem/Tron News, there is an AMA tomorrow morning with Ned Scott
It will be interesting to see how a migration of existing coins works... Will they have more or less value? A good thing steem had going right now is that it was so cheap, less than $100 million in total market cap. It's possible the swap gives more value due to it not having a ton of value currently...
I thought it was pretty obvious that they're going to make a token on Tron that represents Steem. You can't migrate Steem to Tron completely without changing everything and getting rid of all the witnesses and the blockchain itself (which of course would create a fork as we aren't going anywhere). This announcement once again has the stink (STINC?) of Justin Sun's egregious over-hyping.
Several articles about it talk about an airdrop to Tron holders. I wonder if they bought a chunk of Steemit Inc's stake to perform such a capital injection. That would actually be really good news... as an airdrop of Steemit Stake onto Tron holders would increase our decentralization by magnitudes.
He certainly added to the confusion by contradicting himself with his statements.
What we know is Ned sold Steemit Inc along with Steemit.com. What else is in there is up to anyone's guess.
A few witnesses already said they have numerous copies of the blockchain filed and will keep it running.
It looks like there might be a fork coming up.
Posted via Steemleo
This is the way of the crypto.
Don’t like it
Fork it.
Posted via Steemleo
Yep, and hopefully they would hold it as opposed to Inc slowly selling us to death...
And in the announcement they mention partnership several times. And Sun mentioned earlier this week a financial backing in steem... those kinds of comments don't sound like what one would say if you were completely getting rid of the steem infrastructure...