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RE: The community stance over Tron lack of communication and its ethical implications
Can Tron remove Steem's blockchain? If so, where would the posts be? Would Tron create a fork to redirect his blockchain to the old Steemit chain? Or would they just go down in history? And what about the witnesses? Wouldn't they reuse their devices to be reused with another blockchain? Would the STEEM diminish its value? What about steem-engine? Would tokens no longer have any meaning?
It's really frightening what could happen.
Thanks for sharing
That's a lot of questions... let me try to answer:
Tron can't "delete" the blockchain, but they can choose not to support it anymore. This mean no more official api nodes, no more servers to hold images and videos, and no more money going to development and marketing.
IF they go on with the swap plan, this means that something similar to Steem blockchain would be build on Tron blockchain, and the STEEM/SBD would become TRX10/20 tokens.
To get the new tokens we would have to send our tokens to some other account, and recieve the same amount of TRC10/20 tokens on a Tron account of our choosing.
In this situation the old Steem blockchain, it would still be running as long as there were witnessess to process the blocks. So, it would be up to the witnessess (old and new) to decide if they would keep their nodes running.
The new Steem-Tron token would probably rise in value, mostly because of the new users joining the ecosystem, and the bigger reach it would get.
The old STEEM would probably lose most of it's value, and again, it would be up to the witnesses and community to rebuild the reach of the old STEEM
That only @steem-engine team can answer. To soon to know though.
Old STEEM token would still keep it's funcionality on the old blockchain, but the monetary value of it would depend on what the market would value more: tron Steem or Steem Steem
Interesting...
Hey! This is actually quite informative. Thank you for taking the time to explain it to me :D
So we could have Tronit or STRONIT?
I guess the new blockchain would have a new name...
Then the big problem would be centralization vs. decentralization, so to speak.
Have a nice day :)