STEEM spikes on news of takeover
On the unexpected news that Steemit has been sold to Chinese tech investor Justin Sun, STEEM spiked instantly up by 10%.
Wikipedia says Sun is "the founder of the cryptocurrency platform TRON and current CEO of BitTorrent", and that he has been involved with Ripple.
I've long speculated that 'shenanigans' may be one reason for the continued collapse of STEEM's price over the past year, and that we might not see a price bottom in the currency until a sudden takeover is announced.
Could this be that takeover?
And if so, what does it mean for Steemit (company and website)? What does it mean for the Steem blockchain, and for the Steem community, side chains, tokens, projects?
DRutter
Really big news of course, but what does it mean for Steemit?
Maybe this will encourage even more people to try out alternate frontends?
Completely unexpected this. I have a hard time getting excited about Steem price though... we'll see.
Thanks for reporting this @drutter!
This could be very interesting.
Posted using Partiko Android
Wow, too big to digest for now...