Witnesses can't do anything about it. They have zero control over the Tron chain. Tron can do as they please, without even needing to use their Steemit stake.
Tron have their own witnesses. They don't need Steem witnesses. Stakeholders and community will go to the token which the exchanges support. Poloniex has already announce the token swap.
The other exchanges will likely follow, unless the current top witnesses can band together and appeal. If that happens, it's a battle of reputation between Tron - a $1.75b player in the crypto space - versus a bunch of randos they had no interaction with. Who do you think the smart money will support?
If it takes 13 weeks for this to happen, which it will judging by the speed of things here, and the price crawls up to about $1, it may not be too bad.
Unless you believe in the other stuff.. freedome of speech, decentralisation, blah blah..
TRON is Chinese. Have you not seen the news?
Just saw Ned’s tweet. Is this moon or doom?
Moon (like 50cents) then airdrop to Tron .. and dump of the STEEM token I assume.
But I’m sure many will praise this amazing news.. those who like the idea of being on Tron I guess 🤷♀️
Not sure what to make of this. Migration to Tron and swaps seem stupid. I hope witnesses with show some resistance to keep Steem intact as one chain.
Yeah I’m not a fan of the idea.. and I’m not sure witnesses have the ability to stop this in the slightest. Perhaps revolt and rebuild.. who knows
Resistance?
What's stopping TRON from using steem inc stake to vote out witnesses?
Nothing. When that happens, we would have to fork away.
I guess this will be a test to see if Steem is decentralized or not.
Witnesses can't do anything about it. They have zero control over the Tron chain. Tron can do as they please, without even needing to use their Steemit stake.
If witnesses, stakeholders, and the community refuse to move to Tron chain, they kinda wasted money buying Steemit Inc, no?
Tron have their own witnesses. They don't need Steem witnesses. Stakeholders and community will go to the token which the exchanges support. Poloniex has already announce the token swap.
The other exchanges will likely follow, unless the current top witnesses can band together and appeal. If that happens, it's a battle of reputation between Tron - a $1.75b player in the crypto space - versus a bunch of randos they had no interaction with. Who do you think the smart money will support?
I think it's too late.
If it takes 13 weeks for this to happen, which it will judging by the speed of things here, and the price crawls up to about $1, it may not be too bad.
Unless you believe in the other stuff.. freedome of speech, decentralisation, blah blah..
Who cares about that crap 🤪
Honestly I think content creators who don’t mind being on Tron will do well by this.