We'll see what happens with Steem when we see what happens with Steemit, Inc. Personally I think it could recover if at some point the Steem community decides to jettison the Steemit, Inc. stake and that company finds some other way to monetize than just selling off stake to stay afloat. I mean, eventually they're going to run out of tokens to sell anyway, but it would hasten things if they just burned it all and forced themselves to actually add value to the community. We'll see if the Tron Foundation decides to keep it. If/when that happens, that fork might turn into something great again. Personally, I'm not interested in participating right now, for the same reasons I powered down and left in the first place. With that control of the witnesses hanging over their heads over there, it will never live up to its original vision of a censorship resistant and decentralized online community. Hive is better than it ever has been, even when it was called Steem. There are more great projects in the pipeline, and some of the current ones I haven't even explored. This place is where it's at, and I think the recent token price strength reflects that. We've got our own kinks to work out, but we're ever improving, and that's all the hope I need that this is where people will end up en masse when they finally get sick and tired of the censorship and manipulation on the old web enough to actually leave that shit behind.
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Interesting. I just looked up the corporate info on Steemit, Inc. and it seems as though they no longer exist as a company since before the supposed sale to Sun. This is their status in Virginia. They didn't renew in 2019. I guess Steemit as a brand is just owned by whatever entity Sun bought it with, and there is no subsidiary? This would probably make it even more difficult for Steem to get out from under that problem, since the Tron people aren't going to be able to just wholesale spin it off as an entity. This also raises the question, did Ned have the legal authority to even sell it to him in the first place? He was acting as an officer of a corporation whose status was inactive at the time of the sale.
Wow, that is interesting!