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RE: Final thoughts on Tron's Steemit acquisition

in #steem5 years ago

One of the most interesting revelations from the stream was that Ned owned 51% of Steemit Inc, and he sold all of his stake to Justin / Tron. It's very surprising that he revealed such a detail! So, despite the "collaboration", "partnership" type jargon, it's pretty obvious that Justin has controlling interest over Steemit Inc.

Haven't followed the witness meetings or whatever, but yeah, not surprised. As I mentioned in my post, all smart witnesses should be considering a fork right about now.

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Tron will not care about their fork. they will not have SteemIt Inc, which we are mostly dependant on.

They will have no funding, no marketing, no exchanges...

I mean it could be fun, but it will not impact Tron.

Yeah, definitely. All witnesses combined are not even a fraction as powerful or influential as Justin. In fact, outside of Blocktrades, I can't think of any that have any lasting entrepreneurial experience in the industry. Still, for witnesses, they are probably going to lose their jobs eventually anyway*, so might as well try and get their own thing going instead.

*As of now, the long term plan still seems to be Steem merging with Tron, and Justin already has a cabal of witnesses (superdelegates, same thing) set up there. Of course, there could be compromises found, such as keep Steem as a Layer 2 or sidechain for Tron etc. We shall see how things play out over the coming months/years.