RE: Dear Top 20 Steem Witnesses, Why are you powering down ?

avatar
(Edited)

You are viewing a single comment's thread:

I'm powering down to get some liquid Steem so that I could react better to an unpredictable situation with TRON. I started the powerdown after the Steemit/TRON announcement.

On the one hand, if done properly, TRON's acquisition of Steemit Inc could cause the price of Steem to soar because of better funding/marketing, in which case it might make sense to sell some I've been acquiring over time at a profit (as you know, I have a lot of Steem). On the other hand, if they followed thru with their original attention to try to get the token moved to TRON, this would be a disaster, IMO, because I don't think it's technically feasible (fortunately, they seem to have backtracked on this idea).

So, in either case, I decided it was prudent to have some liquid Steem. Now I'm waiting to see what happens next.



0
0
0.000
10 comments
avatar
(Edited)

It's also worth mentioning that whatever happens with TRON, I intend to continue to support the Steem community itself (here I mean the real people that use the Steem blockchain regularly).

0
0
0.000
avatar

This response is also very soothing to hear. We still have hope with steem.

Posted via Steemleo

0
0
0.000
avatar

here I mean the real people that use the Steem blockchain regularly

The ones that matter a lot and quite often overlooked. It's people that gave value to Steem through our activity. One thing Justin Sun should not mess with is community and I hope he's smart enough to see that we don't want a Steem Tron or any transition.

0
0
0.000
avatar

really appreciate your reply on this @blocktrades and i'm relief by reading your comments. cheers and have a good one.

0
0
0.000
avatar

I'm sure hoping you go with us if we have to fork.
I gave up on the other exchanges when their fees went up.
Damned if I was gonna pay more for risking losing it all in a 'hack'.

I think with you and steemengine we do just fine even if we have to rebrand and rebuild over a couple years.

Open source and central control are mutually exclusive if we make that the rule.

0
0
0.000
avatar

Good to hear this. It is so sad that both its founders decided not to do so.

0
0
0.000
avatar

I'm powering down to get some liquid Steem so that I could react better to an unpredictable situation with TRON. I started the powerdown after the Steemit/TRON announcement.

You're really frank with this response. Thank you. It's not out of place to get prepared for the worst scenario at most from a huge investor like you.

Posted via Steemleo

0
0
0.000
avatar

Thank you for sharing your reasons for powering down @blocktrades. For little people like myself, it's quite reassuring.

0
0
0.000
avatar

Good forward thinking. Appreciate your candor. Think you will be one to trust in whatever is coming. I am likewise doing the same w the power down. As a matter of fact, my first power down to date on this chain.

Trying to keep my expectations realistic and not be one to convey false enthusiasm considering the behavior that been exhibited both here and on the Tron. Not exactly the substance of warm and fuzzies. If a storm is coming, hope Steem can make it through. Great opportunity to show the world the substance of the community behind our chain.

Thanks for your transparency, @blocktrades. Adding you to our witness votes.

0
0
0.000