News Stories On The Steemit Acquisition Getting Weirder

in tron •  5 years ago  (edited)

A blockchain news site called Blockchain today writes in an article entitled Steemit with millions of users migrates to Tron ecosystem published today on February 17 2020:

The decentralized social network Steemit and its applications will soon be transferred to the TRON blockchain. The migration will occur as part of a strategic partnership between Steemit Inc. and the Tron Foundation.

We've heard this before.

But this is strange:

Also, the Tron Foundation claims that the company did not invest in Steemit, and its developers made a decision to abandon their blockchain voluntarily. It is also planned to launch a joint accelerator aimed at the development of the Steemit.

According to this, Ned gave Steemit (Inc?) away for free ???

The parties agreed on the future of Steemit. Steem said it was more than just money. Steemit requires the infrastructure and support of a scalable network community that only TRON can provide.

Heh heh.


Earlier today, I saw people talk about STEEM already being a Tron token on Reddit. STEEM does get talked about a lot. But I can only laugh at the PR situation now. This is a farce. Justin Sun buys Steemit, Inc. He doesn't understand what he's buying. Jumps the gun with the initial press releases. Sows FUD and controversy. The STEEM price action, however, does not seem to react to any of this in the slightest. It moves in tandem with the rest of the altcoin market and any divergence is short-lived and best interpreted as noise.

Source: https://blockchaintd.com/posts/steemit-with-millions-of-users-migrates-to-tron-ecosystem

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No matter what is going on, it had been handled very poorly! They scaring everybody, not the kind of thing i like to invest in! Steem price is down, never recovered yet! Same with all coins, crazy article!! I really never liked tron!

🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️

LOL

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What will happen next?!

Probably nothing for quite some time as in the next 6-12 months. It's not even technically possible to move over to tron very quickly. Andrew Levine from Steemit, Inc explained that the Tron Foundation will fund all ongoing development (SMTs, Communities).

  ·  5 years ago Reveal Comment

Sounds like it. It was particularly amusing to read that "Steemit decided to abandon the chain voluntarily" and that after the voluntary abandonment its development was going to be accelerated.