The truth about Justin Sun buying Steemit?
The truth about Justin Sun buying Steemit is still highly disputed, but it is widely believed that he was the one responsible for the acquisition. To truly comprehend the significance of Sun's acquisition of Steemit and the impact it has, it is important to understand the history of Steemit and the general cryptocurrency market in the period before making the transaction.
Steemit is a decentralized social media platform that was created with the purpose of giving its content creators the freedom to structure, monetize, and share their ideas. It operates using a blockchain, allowing it to develop a unique, transparent protocol for content sharing, rewarding, and settling payments. It also offers its own cryptocurrency, referred to as steem, which is used to reward users for their work on the platform.
In 2016, Steemit began to gain traction and gain more users. The platform was growing rapidly and the price of steem skyrocketed throughout the year. In 2017, the platform captures the attention of cryptocurrency industry mogul Justin Sun, who is the founder and CEO of Tron. Sun wanted to acquire Steemit and turn it into the largest decentralized media platform of its kind.
The deal was met with skepticism by many observers. It seemed that Sun had purchased the platform without fully understanding its strengths and weaknesses, as well as its potential future. Some people speculated that Sun's purchase was an act of attempting to monopolize the market and create a platform that would be difficult for other blockchains to compete with.
Additionally, Sun's purchase of Steemit created a number of conflicts of interest. Sun's relationship with Chinese investors, who had invested in Tron, gave him access to insider information that told him to purchase the platform. Also, reports show that Sun's close circle of investors had a vested interest in the success of Steemit and benefitted from the increase in its price after his purchase. This raised serious ethical questions about Sun's intentions in buying the platform.
However, some of his moves since the purchase have led many to believe that Sun's purchase was designed to strengthen the cryptocurrency market overall. He has done this by investing in projects that work towards improving the scalability and usability of decentralized applications, as well as doubling down on his commitment to creating a global remittance network.
Despite the many criticisms, Sun's purchase of Steemit has been a success. The platform has seen immense growth, with the number of users increasing by over 5 Million in 2020. The company has also launched its own cryptocurrency exchange, which allows users to exchange steem and other digital assets.
To sum it up, the truth about Justin Sun buying Steemit is complicated. Critics were right to be wary of the acquisition and the potential conflicts of interest. However, it appears that Sun's purchase was more than just a means to create a monopoly. He has invested in projects that seek to improve the crypto market and make it more accessible to the average user. Sun's purchase of Steemit has been a success and looks to be beneficial for the cryptocurrency industry.
Binance - Memo - 109805447
Huboi-pro - Memo - 402255
Are these two accounts your own? Please reply soon. @misssj
hi @rahul00 looks like i logged in my password somewhere else, i don't know the huboi pro address
thanks for noticing it i haven't paying attention lately on claiming my rewards i just posted only because of the schedules in my acads
right now i just change my password, thank you so much
I didn't get my correct answer from you. I want to know if the binance and huboi id is yours. Because a total of 1767 steem has been transferred to these two accounts in the last 2 years.
From your words it is understood that you have been working on steemit for 2 years. But you don't know that someone else has withdrawn steem from your account. Now you have changed the password.
Binance - Memo - 109805447
This memo was first used by @jalstamban. You mean @julstamban is a hacker? From your ID, he took steem out without telling you?
@misssj Two Binance IDs are used in your account. This Binance ID has been used in the last 1 month. Which memo is - "106076754"
@Julsbatman is the first to use this memo. What is your relationship with @julsbatman? According to you @julsbatman hacked all your steem.
Cc:- @rex-sumon
@abuse-watcher
good day @rahul00 , that is the crypto wallet account of my friend , i think @misssj got confused on answering your question. We usually cashed out back then with just one account or whoever is available because here in the philippines we have high gas fees way back then so to lessen the fees we transfer almost all of our steem when needed to one account. I don't know if that answers this question.
@misssj says she doesn't know who took the steem out of her account. Now he has changed the password of the account. But you used to withdraw steem from his account. Did he not know it? Why is he giving the opposite answer?
i'll ask her later maybe she's just busy with her studies so that she is confused, just like i said it is the crypto account of our friend that has gcash card which we are using to withdraw to lessen our fees. You can contact me directly in my facebook account if you have any doubts
This id is fake id. You may use this ID yourself. Your post timing is same. Please appeal to the abuse watcher discord community.
Hold on, why do i need to appeal? you can contact me if you want.
hi there rahul i just got a call from my brother juls. i am really sorry i was really hazy when i read your comments and change my password, it was actually 4 am here in our place (Philippines) when i read your comments. That is the account of our friend, i asked him to withdraw from my account because he is going to cash out which would lessen a bunch of fees coz we need to transfer from another exchanges to another exchanges and to another exchanges for us to cashout here. it lessens multiple fees. sorry to bother your day. Happy holidays
Please join abuse watcher appeal channel
https://discord.gg/JJwpSzJ2