Do you understand what this announcment is, or you are confused as all of us?
Buying Stimit Inc stake is one thing but trying to shut down the chain when it is at peak development seems hostile?
Do you understand what this announcment is, or you are confused as all of us?
Buying Stimit Inc stake is one thing but trying to shut down the chain when it is at peak development seems hostile?
This reeks of hostile takeover.
A bit of both. Lots of misinfo going around that will be cleared up tomorrow. Remember, we have only heard from one source, INC, aside from Ned, has not made a clear announcement on moving forward.
Hostile take over won’t be happening on Steem, it’s either a win win or nothing at all. Steemit is not Steem, he bought Steemit.
I’m not convinced Steem can stay independent against a hostile takeover. If this is structured as a token swap, then every user who moves to Tron’s Steem 2.0 system hands over more control of Steem 1.0 to Tron. Along with any stake Tron has already purchased it wouldn’t take a very high % of people switching to give them full governance control over the original chain, install witnesses, etc. The original Steem blockchain could be “sunset” and shut down if decentralized governance is lost.
Once more details are announced, if this token swap does seem hostile to the original chain, I’d love to see witnesses immediately revisit the idea of 1 Steem = 1 vote in governance. 30 million Steem should be able to vote 1 million weight to 30 different witnesses if it chooses, but not 30 million weight on 30 witnesses.
That’s a change that’s always been fair, leads to further decentralization, and could prevent a hostile takeover of the original chain by making it much easier to keep several seats filled with legitimately elected witnesses, even if 1 actor controls 50% + of all Steem power.
Thanks!