Offer to Purchase for Custody of the Steem Community

in #steem4 years ago (edited)


To Tron
Att: Justin Sun

The Steem project should have never been launched under the guise of immutability, freedom and liberty while a corporate entity owned and controlled the main dapp and marketing, this is not representative of the ideals of decentralisation and Open Source.

Steem will never prosper while its flagship domain is under corporate control and whoever owns it will always be cursed to be at loggerheads with the community. is a piece of genesis history of the Steem blockchain and should be preserved as such. I hereby propose to emancipate the app to the ownership of a community trust such as a Bermuda Charitable or Purpose Trust, with strict instructions in the deed that this domain should never be sold to individual or corporate control but rather forever remain in the ownership of a community trust.

The trust shall be to the benefit of the Steem community and the development of the app and other worthy social initiatives.

I hereby tender to you a rounded up purchase offer of 1.4 Million USD for the below-listed domains (valued by and to include all public communication accounts previously owned by Steemit inc, such as but not limited to, steemitblog, steemitmarketing, Steemit Twitter, Reddit and Facebook accounts, along with the necessary github repos for all UI's and webpages.

At this stage we will sort our own infra and likely will not need anything else other than the domains and social media and Steem accounts empty of any Steem or Steem Power funds. Infrastructure transfer could be discussed if it is to the benefit of both parties, but that discussion can come later.

List of Domains and Valuation $1 163 982.84 $ 7 245.24 $ 8 086.31 $ 157 173.21
Total: $1 336 487.60

The domain is a good place to start as this domain is useful as an information site under community ownership and could be funded for purchase fairly quickly.

Should you accept this offer by replying to this post, you will give the Steem community 90 (ninety) days to crowdfund the total amount and the less valuable domains can be purchased separately as funds are raised.

The funds shall be raised by issuing a Steem Engine token 1:1 with each dollar contributed to the crowdfund. This token will later become an SMT when SMT's are available and will not compete with Steem as the main currency of the app and backers will perpetually earn at a minimum a stake weighted share of 25% of the profits derived from the community trust from activities such as investment of surplus funds, ad revenue, subscription revenue etc.

The profit distribution percentage can be adjusted upwards at the discretion of elected trustees. The minimum shall be recorded in the trust deed.

The roadmap would be to first and foremost win back the ex Steemit Inc devs to the community @gerbino, @roadscape, @vandeberg and @justinw should he choose to resign from Tron.

The trust will be used to ensure that developers are paid in real currency and have valid employment and will lead the way to mass job creation to further the platform. Initially, the funding will come from any surplus raised from the token sale and via SPS proposals.

Once developers are back on board with the community the SMT roadmap shall continue and focus shall be placed on making accessible to all major languages such as Spanish, Chinese, Korean, German etc for maximum inclusion.

Over time an offical mobile app will be developed with similar UI feel to the main site and most importantly the current Steemit green logo will be retired in favour of the original Steem blockchain logo as it was in the beginning.

Any improvements on the original logo are also welcome, however, the Steemit logo will not be retained.

Justin, I implore you to consider this offer as an act of benevolence and let our community go on to become self-sovereign and truly free from corporate control. This act will go a long way to improve your overall reputation and that of Tron. You gave away $4 million to meet with Warren Buffet, I trust it would be easy for you to do the right thing and sell this project back to the community at the appraised price.

This offer will remain on the table for 7 (seven) days after which on this day next week if I have not heard from you I will start to mobilise the domain that I own in the same fashion as mentioned above and campaign to move the entire community to it, with Steem still remaining the underlying currency.


Legitimate Steem Consenus Witness
BuildTeam CEO

Disclaimer: This offer to purchase has no bearing whatsoever on the current discussions and issues regarding the ninja-mind stake. It is a separate offer for the domains and public-facing communication accounts only.

100% Burnpost!


I respect your efforts here, but such actions must be coordinated and decided in the community. Such individual actions damage our ecosystem. Hence the downvote.

I think you misunderstand, is corporately owned website and domain, it falls outside the ambit of the blockchain community, that being said, it is a flagship app of Steem and is better off in the hands of a community trust, hence the OTP to that end. This post also has embedded messages for users to start rethinking which UI's they use and that using which is 100% in the hands of a centralised corporate entity is no better than using facebook.

Congratulations. This is among the top-3 most retarded posts I have ever read on steem. Not a surprise of course, as it comes from one of the greatest cock suckers of steem.


The competition was strong, but yes, it's a very, very retarded post, Sir

Your suggestion is good, but it remains to be seen whether Justin Sun will respond

I don't think he will respond but the post serves to also send out a message for users to start rethinking which UI's they use and that using which is 100% in the hands of a centralised corporate entity is no better than using facebook.

Although removing Steemit Inc and take their activities into our community may seem a good idea, but I'm of the opinion this will not work at all. To create a new more or less central entity developing the chain and service, I'm not in favour of. When we like to see this development to be transferred to something else, it either shall be in the community control (ie no new central entity), or it shall be transferred to a company that has proven track record in developing complex software, understanding and being able to evolve complex algorithms, know what UX is and be able to deliver high level UX implementation, as well has good marketing people, have ties into the crypto world as well as the fist world. Ie a proven professional company. All for good reasons: To bring Steemit forward, as well as give the Steem blockchain a solid future, millions and millions needs to be invested. Forget about the ad-income, its very minimal at the moment, and I'm pretty sure it will not grow considerable until we have millions of active users (which may take another few years to a decade before that happens). You may read my proposal here:

That said: We can continue with SteemPeak; Seems to be of a high level UX then

ps It concerns quite an investment, hence you really need to share a business case, including all costs and revenues you think you'll be making with this. Even for crowdfunding, this is a minimum to get some real money. I dont think the Steemit UI is the best around our chain. The brand has some value for sure. But most Steemians will quickly move to another frontend the moment stops operation. That could be a demand to TRON, discontinue UI; I think that is more fruitfull and cost much less money.

I applaud any post which is written in a positive tone how ever far fetched the solution is. It requires some thinking outside of the box to get out of this impasse and get the parties involved to leave their trenches. So thanks for this contribution

The intention is good, but I really don't think the domain name is worth the battle. Steem was designed to have frontends all over the internet, and that, in my opinion, is what should happen. Other businesses just need to do the ground work to launch a frontend and make it popular.

You should do your neosteem domain and provide STEEM burning for ads, this is how STEEM becomes valuable. It should always have been using the burning feature for promotions on all the condenser frontends, and there should be a solid decentralized tool for this used across the many different frontends.

Yes it was mentioned before that using crowdfunds to pay for promotion of the neosteem domain might be a better use of resources, my concern however is that can be used as a propaganda tool by Tron and I would rather see it out of their hands.

This is amazing... yup it's a good idea to restore the ownership of Steem inc to trust and crowdfunding for payment of buying this back from Tron. I think, if there is community support behind Steemit this should work. I never would have thought of a solution like this that can bypass all the fights happening na?...

I hope this plan will find community backing, and once it does, all works well!!

I think this is a good proposal to start with, quite kool!!

Thanks for liking the idea, means alot!

If @berniesanders is against it, it probably is a good idea. Good luck.

You've done so many fabulous things for this blockchain! Keep up the great work!

Thanks my friend!

Hey I voted for you as witness, coz well, you are real witness of steemit, want good for it and all, know about you only reading this post, so nice. Goodday.

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