Three of Steemit, Inc's key employees have resigned. @andrarchy,
@vandeberg and
@gerbino have quit, which means the rolling out of SMTs will be questionable again. The coding is finished but from what I've heard, they've ran into some issues during testing that require some work to iron out.
The community as a whole seems to be unenthusiastic about a chain controlled by a single Chinese entity. Suppose a hard fork results in a sister chain with Steemit, Inc's stake absent. The issue will be getting listed on exchanges. Poloniex is out of the question. Binance has back-pedaled on supporting Sun in the takeover. Huobi is a question mark.
If all the popular apps used the sister chain, that would mean that most of the users would use it, too. I think that would improve our chances of getting the new token (STEEMC or whatever) listed. Besides, I think yesterday's debacle is a major blow against centralized exchanges.
The hostile takeover of Steem was discussed even in the Finnish language Facebook group on Bitcoin and cryptocurrencies today. I seriously believe the dominance of centralized exchanges must come to an end. Scandals like using staking customer funds and using them for voting is a breach of such magnitude that it will give the stakeholders of all DPoS chains a pause. There should be heavy emphasis on cross-chain atomic swaps as a way to provide liquidity to the space. The ability to create new chains and getting investors on board without having to depend on getting listed on massive centralized exchanges would be a major boost to decentralization in the entire space as well as booster for network effect. That cannot be over-emphasized.
The space is a turning point and getting that narrative across on social media is critical.
P.S. Please remember to vote for all the 30 community elected witnesses. It would be interesting to see the extent of our voting power. Do not vote for the current top 30 because they're all stooges of Justin Sun. If you have alt accounts, vote with them, too. Delegations do not affect witness voting power one way or the other.