RE: Holy Moly, Steemit joins TRON ecosystem 🔥 Good or bad for Steem? 🤔
lauch3d 62 Dec 11, 2019 💁♂️
So in itself it is quite valuable just because of the user-base and so are the few startups around Steem. The biggets problem Sun has to solve is that in February VOICE will launch its beta.
Block.One (as you probably know) has paid a 24Million penalty to the SEC and now the SEC has decided that EOS is not a security (the SEC has set up a waiver (Verzichtserklärung)) so basically Block.One is risk free regarding to the regulation issue- which is a huge advantage over TRON
Block.One paid further 30 Million for the domain (the highest price ever paid) and the worst would be that they buy the Steem(it) users by airdrop or what ever. We know that there is compatibility with accounts.
Now when Sun buys Steem(it) there is the following problem:
destroying Steemit or even the game mechanics of the Steem chain (which is not impossible) would kill the competition which Steem is, which would be a gift to Dan and Block.One.
pumping capital into Steemit.Inc and the head developer team would benefit Steem but it also would bring Sun return, which is kind of a hedge.
doing nothing...well would probably end in favor of Block.one
--> so he would be better off buying Steemit.Inc as an investor. The problem here is that there is a certain regulatory risk. Sounds good but from a legal point probably not that easy.
Why has Poloniex delisted STEEM right before Sun revealed his investment in Poloniex? Was he interested in weakening Steemit.Inc?
I hope this acquisition will improve Steemit and not kill it. Currently Steemit is the only true blockchain-based social media out there and even with all its problems it is the leader in its field. With the TRON partnership Steemit can even become better and more powerful than ever before.