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He's just marking time until the TRON team is ready to migrate the token and then the chain will be dead.
In the meantime all he has to do is hold up the token price to maintain some level of credibility (which he has none IMHO). There is certainly no scope for new developments on the existing chain! LOL
RE: Justin Sun made sure that there won't be any Steem proposals approved ever again. What makes you think that he cares about Steem really? - Long live Hive.