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RE: Could steemit be bought out by facebook,reddit or youtube?
How could they buy a decentralized blockchain? Isn't that the whole point that no one owns steemit? There are developers, but they don't own it, they develop it.
Ok
No, I think they need to concentrate 50% hashing power on steemit to take over. Owning 50% of the market share only means that you've got control of the market price if you so choose.