I really don’t have any about it till now, just now I get informed about it, it’s night in India but this news shocked me how this can be happening.
Not understanding what I am talking about then Steemit inc has been sold to tron foundation
Official announcement link:-steemit 2.O
I don’t know weather it is going to good for steem or not all I am putting is my thoughts.
what will happen to steem blockchain??
If you haven’t read the announcement I will suggest you to read it very carefully, because it is related to you steem coins which are in your steem wallet.
If you read the announcement then there is term token swap and that is terrifying for me because if that is happening then steem blockchain is going to collapse and steem will become trx based token which will be used as utility token on tron blockchain.
what if witnesses rejected this and tried to run steem as it is ???
Now this thought is like we are going to hell. We all know if any changes ha to take place on steem blockchain then there should be an witness approval at this time we are talking about hole new steem coin with token swap without any witnesses approval. This can be disastrous, it is possible that all the witnesses are agree outside this if few witnesses didn’t agree and tried to run this blockchain then what will happen. They should figure it out as soon as it is possible.
what about SMT’s
This also will remain dream my vision I thought because now steem is going to become token and this lead to end of SMT era or I am wrong if you have better clarification do correct me.
are we creating another classic example??
We all now that ethereum classic is an failed try to overtake ethereum and I think if he transfer steem to tron blockchain then this will lead to become real and we will see steem classic. This may be an early thought but we are still censorship resistance but I don’t know after trons overtake.
My suggestions
I think this partnership is so quick that they have no time to understand this in deep or they have I don’t know.
But here what I think swapping steem to tron blockchain will not gonna work at technology level.
Then what they should do??
I think Justin should has bought Steemit inc and tried to run steem blockchain as it exists but I think he wants full control and that’s dangerous for me.
If he will don’t change anything in steem blockchain then that will be more beneficial for him as he will be owning two blockchain and he can interconnect steem and tron at partnership level but he should not affect the quality of steem blockchain.
I know this news has raised so many questions in your mind try to ask me in comments so that we will share our thoughts on this topic