RE: T Minus 2.5 hours. DLive presentation by Justin Sun new owner of Steemit, and witness forum to follow at minnowpond.org.
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With a takeover I think its reasonable to expect a changes in power. Why wouldn't the new owner want to vote someone on his team to being a witness. Why wouldn't he use his stake, he purchased it, it's his.
I don't think a split to two different Steem tokens will be good. User retention here sucks as it is. To split the group we do have won't be good for either side and will likely have negative impacts on both Steem tokens. Those negative impacts will likely be worse for the side that isn't Justin Sun.
Removing his stake sets a bad precedent. No-one should be forked out because they managed to buy up enough to have a controlling share. Forking away from his share and creating a NEW STEEM that starts with everyone having 0 tokens seems like an option that could take place without damaging the reputation of STEEM.
If I was an investor or anyone even remotely serious about making money with crypto and I seen that another investors stake was forked out of a project, my money would never be placed in that token/company as I would be too fearful of the same happening to me.
is he goes crazy and want destroy steem i think he should get forked out. Im not here for Tron.
That sets a bad precedent for the reason I already noted.
I don't see why he would "go crazy". Here for Tron or not, Justin Sun is the new owner of Steemit.
if he want steem to be a tron token he can do. its up to him.
He can also use the Steemit domain for what he wants. Make a tron site, gamble site or porn out of it or what he wants.
But he only owns Stinc. Not Steem.
And if he does something without comunicate, a fork will be ok IMO. he owns only 25%. Like if he votes own witnesses in to fork steem.
75% are hold by communty of Steem.
Keyword " token swap"
I was under the impression he owns about 45% .....
I don't agree with forking out for reasons already said. Forking ourselves out to a new clone chain is fine.
sure i think thats the " worst case " plan.
On the other side we can do nothing against, if he put a copy to tron.
How you think this are 45%?
Misterdelegation 20 mill
Steem 12 mill
Steemit 31 mill
.......................
so i think there are 62 mill + hide stack. In max i think 100 mill
Thats arround 27%.
I haven't looked into it, I seen someone claim 45%, it could very well be 25% in either case, that's a big share.
sure but not enough to play the owner of the blockchain.
Its enough to replace the top witnesses if he wanted.
and that is the problem and will end up in a split if this happens in a rambo move.