You are viewing a single comment's thread from:
RE: For those confused by Steem/Tron News, there is an AMA tomorrow morning with Ned Scott
Notice the crickets coming out of Steemit Inc.
One thing they were not very good about is communication....right up until the bitter end I guess.
As for optimism or pessimism, this is so confusing hard to tell where this is going. A terrible way to announce this.
On the bright side, Sun and Tron have the marketing aspect, something Steemit Inc did not. Also, as you mentioned, the resources are there which is not the case with Steemit Inc.
If Sun was smart, he would let Steem keep growing as it was while having a hand in Steemit Inc. He then gets the best of both worlds.
It does not sound like that is what he is going to do.
Posted via Steemleo
Thinking the same thing.
How does @steemitblog not have a post up about this today.
So bad.
Regarding Steemit,Inc they may not be allowed to comment yet. Judging by the wording, it sounds very much like Ned Scott owned Steemit,Inc and Steemit.com. Remember that Ned had (hopefully still has) millions of steem so perhaps he saw this as the best way to get more value for his coins...
If not and this was just a final cash grab to get value from steemit.com before it was too late... then well.. that wouldn't be so great. But we really need more details before we can speculate too much...
That is true. They might not be allowed or might be trying how to frame it.
I think it safe to say that Ned owned Steemit Inc and .com. They are now in Sun's hands. The token swap is an interesting aspect to this.
Then there is this:
cointelegraph.com/news/steemit-to-shift-its-proprietary-blockchain-and-token-to-tron-network
What is proprietary blockchain?
Posted via Steemleo
Interesting and adds even more confusion. Notice how they mentioned steem having bugs in the article... steem didn't have any bugs recently?! If they are talking about hiccups with the HF that is something else entirely...
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...