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RE: NED Just Sold Us Out or Tronit or Did Tron Just Become the Largest Owner of STEEM Coins? [steem] [tron] [blockchain]
This merger is amazing. Steem is a free, decentralized market to a degree with great tech. It's time to bring some of the chains together, showcase the tech and make this into more of a business. No one was stopping anyone here from buying millions of Steem and influencing the future of the blockchain. Justin is a businessman and took advantage of weak prices and great tech. Be happy he bought a partnership, better than what all the people who trashed steem did.
I agree with your statement. People are overreacting.
Thank you for your reply @crypticat and I am happy about a price boost for Steem, just not so sure of Justin Sun's intentions with the Steem blockchain. From what I can tell, there won't be a Steem blockchain in the future. Not sure how I feel about that right now. I want to see Steem grow, just not sure if a shotgun marriage is my ideal type of wedding. We'll see what happens.
I don't think he can dismantle Steem, there could always be a hardfork (if he controls enough of it) or he can take some of the technology. More than likely as with most mergers, the weaker rises and the stronger token sinks. This is a huge nod towards Steem. We all know there are thousands of other blockchains he could have bought into. JUSTIN BOUGHT INTO STEEMIT and STEEM.
Mostly what concerns me is that Tron/Sun now hold a huge amount of Steem via ownership of Poloniex and now Steemit, inc.. The uncertainty of what he will do or not do and how that affect the steem network is what is most troubling to me. Thanks for your input @crypticat