Tron buys Steemit - let's find out what that means tomorrow :-)
Everyone is, obviously, talking about the Medium Post shared a few hours ago by TronFoundation. But if you hadn't heard about it yet:
- Medium Post: Steemit Joining TRON Ecosystem
- Ned's Tweet: Steemitans and Twitterers, after four beautiful years, I have sold Steemit to @justinsuntron. AMA tomorrow at 9am PT.
Basically - a guy that doesn't even know we're all called Steemians sold his company to another guy that also does something with crypto. This might all 'just' mean the biggest stakeholder of STEEM, the coin, isn't Ned anymore, but is now called Justin.
There's also talk of a Steem Token on Tron:
Together, TRON Foundation and Steemit Inc. will look to create further value for their users and to augment their advancements in decentralized technologies, including moving old STEEM token to a new TRON based STEEM token, giveaways to the existing TRX users with the new TRON based STEEM token, as well as a new accelerator program towards the developer community.
And a Tweet from Poloniex that they'll support the 'Token Swap': We’re excited to announce that we'll be supporting the upcoming $STEEM token swap for our users!
That sounds scary, but what does it mean?
For now we don't know, it can mean a lot, or nothing much at all
- There could be a 'Tronit', basically Justin Sun overtaking Steemit, Inc and wanting a similar platform like Steemit on Tron so he can have a cool community like we have :-) (Can't blame him.)
- There could also be an airdrop of a Tron-based 'Tronit'/Steemit token to Steem users, or to Tron users, or to both of them, or nothing at all.
- There could be a Steem on Tron while Steem as we know it now exists as well. Like Bitcoin we'd have something of a 'STEEM Classic' and a 'STEEM Sun' (as I jokingly called it this afternoon).
- As @edicted mentioned, there could be interoperability, where "[..] Steem and Tron work together and have representations of each other's tokens on the network. Tron gets a Steem token, Steem gets and SMT Tron token. It's the same concept that Tether is using to put their token on all the smart-contract platforms, allowing atomic swaps to occur directly on chain."
- There could be many other varieties of the above, as the original blog post wasn't well-written and leaves a lot of things (Purposely? Or did stuff get lost in translation?) vague.
I'm mostly confused and amused and a bit fascinated. Although my gut feeling is 'I don't want STEEM to move to Tron', I wouldn't mind having Steemit get some of the Tron marketing/funding while leaving Steem, the blockchain, to its witnesses. I would mind if what I build on Steem would suddenly be swapped to some Tron-based token without me having the choice to 'stay on Steem'.
But all is rather vague right now. All we can do is wait for clarification.
I don't have opinions yet, just questions.
My advise would be: Stay calm, try to get informed, and the best way to do so is by tuning in tomorrow at the live AMA (yes, on our beloved DLive as far as I know! :')) at 9 AM Pacific Time - which is 18:00 for us Europeans (-1 for UK). Immediately afterwards we'll all tune in to the Witness Chat on PALnet - minnowpond.org, where we'll all discuss what we've heard on the AMA with Sun and Scott.
Stay hydrated, and don't believe anything until you've heard the people who actually know what's going on talk for yourselves :D
If we're lucky (?) @ned will bring his guitar and we can educate him on the term Steemians before he retires and enjoys his new-found Destiny. (Pun only for the Steem Informed.)
interesting, I wonder what this means for steemit :)
What I'm hoping is the whole company was bought, including the developers, and they will be able to continue working as they have been before, only with a bigger budget, especially for marketing. But I know nothing yet :-)
I think so too, JS did not buy a product only to destroy it:)
No, but he might be able to force us to go with the TronSteem coin if that's what his plan is. After all, if all development will happen on Tron... Where will we be left with? Anyhow, we know nothing until the AMA :D
I dont know... none can force us to do anything, its all about the community and if he wants his project to succeed he needs us. Time passes really slow until this interview,lol. I am literaly killing my time until then,lol
Interesting times, that’s the least we can say! And that is always good, anyway it goes!
I mentioned in my last post I almost 'missed' the energy we felt during our last crisis, maybe I shouldn't have said it out loud :')
Maybe. But remember that Steem is registered trademark, so "Steem Classic" can be "Meths" :P
In my opinion, the problem is that STINC has a huge impact on the network. Firstly - in 90% of cases people use "Steemit", secondly - it employs developers, thirdly - it has so many tokens that it can destroy Steem.
For those who will be taking "Steem.DAO" - Good luck. You'll need it.
IIRC, Steemit is a registered trademark but Steem is fair game. I vaguely remember a post from either @ned or @steemitblog to that effect at the time when they switched from blue to green and introduced the Steemit logo.
It's how I remember it as well :-)
http://tmsearch.uspto.gov
Type Steem in search, in one of them, will be info about registering it. But maybe I'm wrong, because I'm not from USA so this might works different that I expected
Damn, maybe it was just the three-swooshes logo that was fair game.
I think Steemit is a 'protected' name, is Steem as well? STEEM isn't if I'm right?
See? This is why I always want to SCREAM if people use Steem, Steemit, STEEM as if they can replace one another :')
We'll see, I'm going to listen to the AMA first. Not a fan of Justin Sun, but we gotta get our information somewhere :-)
Did they use Google Translate?
We'll never know for sure, but I wouldn't be surprised. So every sentence in that post could still mean many things. It's vague. Steemit and Steem are two different things and where Ned is talking about Steemit, Justin is acting like he bought the whole Steem blockchain :D
It takes people a while to figure that out, eh? ;) Hopefully Sun bought it to profit. Hopefully that profit will be shared with the rest of the STEEM stakeholders. I'm just gonna stay optimistic over here and watch what happens.
I hope Sun bought it to profit which means he'll want some of the developments to be successful - invest in finishing some of the technology like SMTs/Communities to get finished :D
And yes, as always:
So much educating to do still ;-)
we can only hope that they did
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:')
Not gonna lie. Very nervous.
Posted using Partiko iOS
I honestly don't think you have to. I've already seen a few witnesses say they don't want to be 'forced on Tron', so although there might be a Steem token of sorts on Tron, I'm not yet sure that means we'll stop existing. I know nothing though, just wanted to calm your nerves a bit. We'll know more in 18-20 hours.
Could this be the reason SBD suddenly came back to life again, and steem started gaining traction in the marketplace?
Yes, some people have picked up on the rumours of Steemit being bought by Justin Sun, and in crypto there's a saying 'by the rumour, sell the news' - so I guess the 'buying the rumour' will have helped the STEEM price to move in the last few weeks/months.
My FUD for the occasion: @ned is all in a twitter, because of a FOMO moment he had when he learned through Polly Cracker that Jerry Garcia's last guitar he ever played is going on the auction block on Monday. @ned needed some more money, the Guitar is expected to go for the price of 3, not one or two, but of three Lambo's. So @ned is going all out to raise enough money so he does not come up just a tad short of the selling price of Jerry's Last Played Guitar.
This is the only explanation that makes sense to me so far :D
Doesn't do any good to fret over it. What happens will happen and there is nothing anyone can really do about it. I am actually looking forward to seeing what happens.
There, fixed the article :)
From my understanding reading a bunch of posts, you will have the option to keep using the old version of steem if it is still inhabited by witnesses who keep it running. Whether the token is worth anything is a different story.
Yes, technically Steem will run as long as our witnesses keep it running. That means this place will always be able to be 'our' community. If all technical development starts to move to Tron it will probably mean we lose all our listings on exchanges though and be left with a worthless coin. We'll learn a bit more in a few hours, although we'll still have a lot of questions after that I'd guess too ;-)
I have to say it-I'm not sorry to see Ned's ass hit by the door on his way out. My opinion is that he's a petulant dickhead and he has been a net drag on the entire system.
Will it be better? Who knows? But I certainly have no fear going forward...
Hehe @bigtom13, I can always trust you speak your mind :D Yes, having him gone is not a bad thing, but having all the developers 'work for Tron' is what worries me - if that's what the plan is.
3,5 more hours until the live AMA on https://dlive.tv/JustinSun if you're interested in joining and hearing out what might happen :-)