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RE: Can a blockchain be sold?
When steemit.com (and other apps) and all of the exchanges are referring to the new Tron token as "STEEM", then that's what everyone will know as Steem. So you're right that they didn't technically purchase any rights to the name Steem, but effectively they have purchased the name because they now control the means through which the vast majority of people interact with "Steem".
I think exchanges will list both STEEM and STEEM-TRON. If the majority of the Steem community wants to continue using the Steem blockchain, then I think STEEM could retain sufficient value. Ultimately, the exchanges will call STEEM whatever token has more usage and value.
While I agree that a large portion of users use steemit.com to interact with the Steem blockchain, the majority of large investors already use alternative explorers like Steempeak, Busy, or even Splinterlands. So I don't think controling a single domain gives Steemit Inc that much leverage.
Anyways, I'm concerned. I think we need more details. If it seems that the migration is not in the best interest of the community, then we need to make that clear to exchanges and other economic players and infrastructure providers. If the migration is contentious, I think the name Steem will stay with whatever chain has the most value and usage.
I think this is a very naive view of how things work. My guess is that Justin is already very close with the key people at the major exchanges and has most likely already discussed this with them. There is no way he would make this acquisition, do the work of moving everything to Tron, and then have his token not be "STEEM".
The original "STEEM" will have to apply for a new listing on exchanges (which will be difficult since all of the exchange relationships left with steemit, inc) as Steem Classic or something like that.
Hi Matt
Reading your comments today you don't sound too bullish about this news at all.
As one of the decent guys, I hope you can be a part of the talks that see something positive for the 'old' Steem community.
These are all good points.
But ultimately exchanges will follow the community consensus and market value when determining what to list. Tron & Sun have enough resources to win a value battle in the short-term, but perhaps not in the long-term.
Migrating to STEEMTRON will take time and effort. Meanwhile, there will be demand to trade STEEM, which is already supported by exchanges with no extra effort. If there's considerable contention and splitting of market value between the chains, exchanges will list both with STEEM having a head start. I agree which chain retains the name "Steem" is more iffy.
Surely the weak link here is the guarantee that the steem devs will continue to develop communities and smts to their conclusion. If they are instructed by their new employer to cease development of these items on steem and instead immediately start implementing these features into tron, Steem becomes a dead chain over night (in conjunction with the moves with integrating steemit.com and changing out the token on the exchanges). The only thing we rely on now is vanderberg and the other steem devs having the balls to step down out of principle. and simultaneously, the steem community finding a way to pay these guys to finish the SMT and community work on Steem and not Tron.
We are basically dependent on the level of principle the key steemit inc members hold in their propensity to step down from their nicely paid new jobs and go it alone to finish the Steem blockchain dev work, or continue to work for Tron.
This issue MUST be solved before forking and it must be solved in order to protect the chain from future hostile take over attempts, regardless of whether this is a hostile take over or a win win.