RE: Steemit Inc Has A New Owner

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Steemit Inc Has A New Owner

in steem •  5 years ago 

Well, I note that Sun's tweet is factually incorrect about the blockchain and token, as they aren't proprietary to Steemit, Inc., but open source code and tokens owned by stakeholders themselves.

I believe hosting the blockchain is done via nodes, and MIRA seems to have done much to reduce the cost of hosting nodes. I'm not a coder or dev, and my understanding of such matters is foggy at best.

Regardless of inaccuracies in the tweet, Tron seems to believe it has purchased control of the blockchain and Steem token, which it's massive stake of Steem (roughly 1/3 of extant stake) does seem to grant control of witnesses, and thus governance of the code and blockchain.

Thanks!

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There seems to be a lot inconsistencies and inaccuracies with what he is saying in he tweets, for example like this video he tweeted this morning. However I appreciate him talking about Steem, which has heavily been lacking on the part of Steemit Inc, this could be really good for the community. The elephant in the room is the 75mil steem and what he might do with it...

"The elephant in the room is the 75mil steem and what he might do with it..."

It always has been. I reckon people were lulled into a false sense of security by @ned. He didn't use that money to extract rewards from the pool with stake weighting like so many of his peers did and do. @ned didn't use it to do what we fear @justinsunsteemit will: to control governance of Steem by selecting witnesses. @ned clearly believed deeply in decentralization, even in a community that tore him a new one so often and hard.

I also note @justinsunsteemit is not a linguist, although he speaks a lot better English than I do Chinese. It's probable that his marketing department handles his Twitter feed, and those social media guys aren't software engineers, and may have only the foggiest grasp of the difference between Steem and Steemit.

Now, just having met @justinsunsteemit, as many of us have, we might realize just how that money could be used to take ours from us, and it would behoove us to note it always could have been used to do that, yet never was.

I expect @justinsunsteemit is going to use that stake to make Steemit - and Steem - as valuable as he can. None of his other acquisitions have been over-Tronned. Poloniex, Opera, BitTorrent... all of them are either just as good as they were before he bought them, or better now, particularly Poloniex, I hear.