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RE: An Update...
@sankysanket18 : Waiting to see how the #STEEM community as a whole reacts to this development...
Most likely with a hard-fork, creating 2 chains (let's call them SteemItTron & SteemClassic).
One of them will have the dApps, the community(ies), the best front ends, and hopefully the 4 StInc folks who've resigned so far.
The other one will have Justin Sun and the "steemit.com" URL.