You are viewing a single comment's thread from:
RE: Binance Giving Priority Transfers to Justin Sun While Blocking Other User Withdrawals | Steemleo Show #23
Steem and Steemit are both done! Whether it is the old Steem or the new one, both will quickly become worthless once Steemit folds...and make no mistake about it, it will fold. Justin Sun did not buy Steem / Steemit to enhance or even save the platform. He bought it salvage what he could, cash it in, and shut down the rest. Those who are left holding Steem once it shuts down will lose their money.
I guess time will tell.
Why do you think the new Hive chain will also die? I assume that's what you mean when you say, "the new Steem".
Tron (Justin Sun) is now in control of Steem and Steemit. Sure, a few Steem/Steemit die-hards may very well try a hard fork, but history has shown that rarely if ever does such a venture work. There is a lot more to branching out than buying or renting a few servers. It takes tens of millions of dollars, and numerous business connections (contacts), to be even modestly successful, otherwise you would just be pissing money down the drain. Many have tried...and most if not all have failed.
Ah... I see.
Good thing I didn't put a lot of money into it then. The whole thing of blockchain coins is a gamble, so don't gamble what you can't afford to lose.
Thanks for the warning. Its always good to see things from all angles.