Initial Thoughts on Tron Announcement

in hive-174578 •  3 months ago 

First of all, this is all speculation and I have no inside sources and haven't seen any news on anything I'm about to talk about. I just thought it would be fun to share my thoughts to see how close or far off they are from what is discussed at the AMA.

Best Case Scenario

The Steem blockchain is treated as an addition to the Tron chain as either a layer built on top or a side chain. Something that would:

  1. Easily allow Tron users to seamlessly use Steem Dapps including Steemit and vice versa.
  2. Assist Steemit Inc with finishing SMTs creating an easier way for people to tokenize content and ideas on both chains.
  3. Assist with finishing communities so Tron Dapps can easily set-up communities on the Steem blockchain and provide more use cases for the Dapp's tokens.
  4. Steemit did a terrible job at marketing Steem and Justin can Pamp it! to the moon.

To hit on how well Justin does his marketing thing. He's teased for months about something with Steem, and then he makes the announcement on the same day that Voice started their Beta. The dude is either lucky or a genius.

Worst Case Scenario

Since Justin bought Steemit and assuming their stake it's only a matter of time and money before he can buy enough Steem to basically hand-select the witnesses in the top 20 and then make whatever changes he wants to the chain.

image.png
Source

I call it the Justin "Great Wall" Sun of buy walls.

  1. He has no interest in the Steem community and is just trying to reduce the competition for a blockchain social Dapp.
  2. He really just wanted some of the best pieces of Steem technology or developers and will just leave the rest to wither and die.
  3. He's disguising the "token swap" to get cheap Steem to once again take over the blockchain.

I really see something happening in the middle. I don't think he cares that much about Steem and is just concerned on how he can increase the value of Tron, but at the same time, it doesn't make sense to take a strong crypto community and turn them against you, when you're trying to buidl your project either.

What We Think We Know

Just Sun and Tron now own Steemit. I think it's a safe assumption that he now owns their stake as well.

They don't own the Steem blockchain. Besides them having control of a large amount of Steem, I prefer using Steempeak and Esteem anyways, so it's getting rid of something I hardly used anymore.

The Steemit Inc developers will either be working for or with the Tron Foundation to help ease the transition. What happens to them after that is yet to be disclosed.

It sounds like most Dapps are staying on the platform, but will be getting ready to make the transition to another blockchain at a minute's notice. With all the uncertainty, I can't say I blame them, but no one has officially announced the were leaving Steem.

I'm Cautiously Optimsitic

Steem suffered from a terrible marketing problem. I think Justin is just the answer to the problem we were looking for. It's going to be nice to have someone who can really drive the #fomo when the markets start to pump. If for nothing else, but to help drive users.

Tron has a problem with only gambling dapps building on its platform. Acquiring Steemit and potentially some Dapps (assuming some of them make the move) helps provide more users for the Tron blockchain which drives the price of Tron up.

I don't think he gives a damn about Steemit, but hoping he sees a bigger picture where both Tron and Steem mutually benefit and not just another "giant" trying to stamp out some competition.

What are you looking forward to the most in tomorrows announcement or what are you most worried about?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Great thoughts. I personally do not feel very comfortable about the collaboration. One party would get to lose and that would be steem.

Posted via Steemleo

Keep it mind he now owns, potentially, millions of Steem.

Why tank the value of something you just bought so much of.

Let's just be on the watch and see what unveils.

Posted via Steemleo

Started a contest on twitter using this post. Make some wild guesses tomorrow and if you get it right I'll give you an upvote or some Steem. The wilder the guess that turn out to be true the better the reward.

That is a fun idea for sure! Should be interesting to see how wild the ideas get. I'm not super optimistic about all this at all, we shall see.

I go from wildly optimistic to wildly depressed and keep bouncing from one extreme to the other.

I shouldn't say depressed, but more gloomy, like someone just stole your dreams of what you thought the future was possibly going to be.

It will be interesting to see what the price action does exactly one week from today. The market really didn't react either way to the announcement. Yes a small pump, but that might have happened with the announcement. I was waiting for some big pump or dump to happen.

I am hoping there's no hostile take over!

Hi @gniksivart,

That's a great post and we are all excited about the acquisition of Steemit Inc by a real businessman over at ReggaeSteem. Please keep in mind that the JAHM tag is for Caribbean content and Reggae Music in future posts) and consider joining us at JAHMFEST on June 26th-28th in Negril


Posted via ReggaeSteem | Reggae Culture Rewarded

Really, Justin is more Business minded than Ned.😂

Posted via Steemleo

Justin was taught by Jack MA of Ali Baba and just dined with Warren Buffett. Ned laid off 70% of his staff and hired a CEO to handle Steemit. Sun's blockchain is worth 12 times more than Ned's and he is a great promotor.

Great profile there for Justin. Sure , he know the gold in steem.

Posted via Steemleo

Your right I do apologize. Copied this tag from a previous post and forgot to remove this one. Good luck with JAHMFEST!

Congratulations @gniksivart! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You distributed more than 20000 upvotes. Your next target is to reach 21000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

Valentine's day challenge - Give a badge to your beloved!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Hi, @gniksivart!

You just got a 0.17% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.