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RE: Steem - As controversial as the Soft Fork was, it was probably the right move...
Totally agree. It's clear that the initial plan for Justin was to erase STEEM blockchain and move it entirely to Tron. Most probably because he simply didn't understand how STEEM operates - in his mind throwing $$$ gives him power to do whatever he wants. You can buy people but you can't buy community ;)
On the other side we're gonna see STEEM price falling now as no investor likes uncertainty.
I think he thought he could do things like he did with lino, but steem is an entirely different animal than lino...
Do you think he spent 10M without his devs due diligence? The rumors about buying emerged two months ago.
It's certainly possible. Judging by the confusing statements and contradiction going around on their part, they might not have fully understood what they were getting in to.
The interesting thing about "buying" is that a few months ago, as you mentioned, he could have bought a controlling stake in steem on the open markets for only slightly more than buying the tainted ninja mined stake.
Not sure it is the technical issues that are the problem. It is more that he thought that buying Steemit Inc gave him access to everything.
Could this have been something he overlooked? Highly possible. Guys who like to fly by the seat of their pants, which Sun appears to be, tend to not get caught up in the specifics.
Posted via Steemleo
So now he's stuck with Steemit. I hope he kills it finally.