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RE: I guess I have to talk about the Tron thing?
good... luck?
I mean obviously if you're worried then I am also concerned.
I personally can't envision exactly how this worst-case-scenario plays out. A highly successful hostile takeover seems unlikely somehow, with almost the guarantee of some kind of fork. No?
How I visualize the worst case...
Converting tokens actually requires a swap. Users give their Steem in exchange for “TronSteem.” This is of course voluntary, but with every user who makes the switch (and many will, to follow dApps that are lured over, fear of being left behind on a chain with no formal development team, etc.) Tron’s governance stake in the original Steem blockchain grows.
Unless a large majority of Steem stakeholders refuse to switch, Tron both builds “Steem 2.0” on their chain, and simultaneously assumes full centralized governance control over “Steem 1.0.”
I can foresee a Steemian community that wants to remain independent forking... but we would be the forked branch, not the original. That means a new token, no exchange listings, liquidity, or value to start... I honestly don’t know if that branch survives.
This is all speculation, I’ll be eager to hear conversion details tomorrow.
Ouch... when the worst scenario is the one most likely to happen :/ But what about steem power? You can't swap those (without power down). But what about steem power? You can't swap those (without power down).
There could easily be a deadline for swaps that accounts for power downs, perhaps the conversion offer remains open for 6 months to a year. Again... all speculation on my part! Honestly, I personally did start a precautionary power down today just to get the ball rolling in case I want to swap or cash out. I can always cancel as events shape up over the coming weeks.