Steemit Joining Tron
The Tron Foundation made an official announcement.
Steemit and Tron are partnering up.
After months of speculation, it is now revealed. Steemit will be incorporated into the Tron ecosystem. As stated in the release, it is going to mean that each person holding STEEM will have a token swap for one based upon Tron.
Together, TRON Foundation and Steemit Inc. will look to create further value for their users and to augment their advancements in decentralized technologies, including moving old STEEM token to a new TRON based STEEM token, giveaways to the existing TRX users with the new TRON based STEEM token, as well as a new accelerator program towards the developer community.
https://medium.com/@TronFoundation/steemit-joining-tron-ecosystem-6ad66584d0b
This certainly will enhance the reach of Steem and its applications. It will also bring Steemians back in touch with DLive (remember them?).
Speculation was that this was going to take place. Now it has. Ned moving his tokens around gave many insight into what was about to occur.
It seems to be official now.
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Image from article linked
Posted via Steemleo
Anyone notice how Ned's twitter account now says "formerly @steemit"?
I don't get it. STEEM has better token properties than Tron. If STEEM becomes a Tron token, that's a downgrade?
Or did he just buy STINC and everything stays as is?
How do SMTs fit with this? This is confusing af. Not sure what to think of it yet.
The only thing for sure right now is that Sun is a frickin marketing GOD.
Right. But steemit inc has low funds that we steemians always realise but Tron has huge funds to grow steemit. I think, It's positive for us.
Posted using Partiko Android
I guess this means stinky (STINK) will stop selling steem and just that will make our price go up.
Posted via Steemleo
It sounds like STEEM becomes a TRON token because old holders of STEEM will get new Tokens on the Tron Network. It is kind of like Golem and Ethos are Ether tokens but they are still Golem and Ethos. STEEM will be a Tron token but still be called STEEM.
Tron bought BitTorrent (BTT) but there are also independent projects on the Tron platform. I guess that Tron is willing to buy other projects unlike, say, EOS who is just EOS and doesn't own any of the other EOS tokens.
This has all the hallmarks of a major cluster fk about to happen.
That seems to be the standard. Each business decision I've seen made from the platform owners has been poorly planned and or executed.
And the platform has really just stagnated, and the numbers of users reflects that.
It already is @flemingfarm.
The he said, he did not say is already in effect. The post was up, then it wasnt.
Is it Steem or is it Steemit Inc?
Not off to a great start.
Posted via Steemleo
I would say it's popcrn time but I am thinking that all we are going to get is a raging inferno.
Change is inevitable but change for the sake of change usually ends up in disaster.
majorly major!
Their wording on this is entirely confusing. I hope someone steps up to clear the air.
Sun’s tweets are talking about STEEM being reorganized in the tron network and all Steem projects moving to tron. Not sure what that’s supposed to mean.
The distinction between Steemit and Steem has never been more cloudy than right now 🙈
Posted via Steemleo
I was thinking the same thing. There are a group of Witnesses that have a say in that. If he bought controlling interest in Steemit Inc (or all of it) I dont think he has the ability to override the rest of the community. I do not believe he has a majority of the tokens unless there are others who are already throwing in with that.
It will require a lot more details as to what is taking place.
Plus Steem has the active user base. Tron does not seem to have a ton of applications that are getting a huge amount of use.
Posted via Steemleo
Can they even do this without our approval? 🤔
I'm not able to grasp what that would even look like to be honest. More confusion than anything else on my end at this point, lol.
But can SteemIt do these kind of changes with our tokens? I don't think so. They can migrate their STEEM to TRON, but not ours. Right?
Well, we do hold steem in a steemitwallet...
Posted via Steemleo
Yeah, how does a "marketing guru" like Justin Sun fuck up this royally to confuse Steemit and STEEM? These "800 Steem projects" are not just gonna come running over to Tron just cuz Justin cut a deal with Ned. All of this seems really really weird.
I'm betting it's just Steemit getting acquired, and the SMT they would have built on STEEM is now gonna be built on Tron. So is it gonna be called Tronnit?
Ahahahhahh, I love Tronnit! LOL
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WTF. Thank you for the heads up. I'm glad to see I'm not the only one confused as to how this could possibly work (Steemit v. Steem). GTK it's not just my normie non-techie brain going, "wait, what?"
Maybe STEEMIT inc will split off, and SMT themselves into a TRON token!
that still leaves us here on steem to keep building!
What I read is that each app will be offered a 'package' (read: accelerator bribes), probably the witnesses too....
This is quite distressing but I am keeping my eyes open.
The best scenario I can think of is a bunch of hardforks happening, and the tokens splitting and our steem still being worth steem, while our steem is also converted to tron.
Split that blockchain?
My steem-engine tokens mean something and steemit inc cares nothing about those tokens.
Posted via Steemleo
i like that scenario ! Did they buy steemit or our coins ?? this needs to be clarified and soon, they can have steemit.inc , now problem, but i dont give up my steem for tron shitcoin scammer ! ! I did not consent to selling my steem power to nobody ! i have had them now almost fours years !
The post was removed by the Tron foundation.
Well that didn't take long.
Perhaps someone spoke out of school.
I wonder if Sun knew the difference between Steem and Steemit Inc?
Posted via Steemleo
It's back again. Confusing as fuck.
Does this mean that Steemit, Inc has been sold to the Tron foundation. They still don't own the chain.
I agree with you on that. Although Steemit Inc does do the development for the Steem blockchain so without them, there needs to be blockchain devs stepping up.
That is something to consider.
Posted via Steemleo
Tron foundation has money to throw around. Perhaps they made an offer to Steemit, Inc that it could not refuse. Knowing that all the Steem blockchain development is done by Steemit, Inc, Justin Sun decided to take over the chain to make Steem users into Tron users. Tron has money but few users.
People hate on Tron and i get why but one thing it has, that is the most important thing is network effect and simplicity. Call it what you want, the tech is not the best out there but this is not what matters. Adoption is what matters. Ask JVC about VHS.
Tron has great marketing. I don't know anything about the quality of the chain. It's a DPoS chain.