#11 Tron Acquires Steemit | Everything We Know So Far

in SteemLeo •  10 days ago  (edited)

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Hey everyone. After a crazy day and all sorts of wild speculation from the Steem community about what’s going to happen now that Tron and Justin Sun have officially purchased Steemit, Inc., I decided to collect all the information that is available to us and give my opinions on this whole situation.

Please keep this in mind when you listen to this video and also when you hear anyone else in the community talking about this — we have such a small amount of information about this whole ordeal. Aside from a few tweets and 1 non-comprehensive blog post, we haven’t heard much of anything about this deal. We also have gotten 0 response from Steemit, Inc. other than Ned’s 1 tweet in which he called us “Steemitans”, whatever that means.

In this episode of the Steemleo show, I just review the data that I could scrape together and give my 2 cents on it. Hope you enjoy!

Links Mentioned:

EDIT — As I was editing and uploading this video, Justin Sun made his first post on the Steem blockchain in which he just reiterates the position of Tron with the goal of bringing value to the Steem community as he and the Steem community now have the aligned goal of increasing the value of the STEEM token.

Not much meat to this, but nice to get a direct post to our blockchain from him. Again, the big details will (hopefully) be released in tomorrow’s AMA. Read his first post: https://steemit.com/steem/@justinsunsteemit/excited-about-tron-and-steem-steemit-collaboration


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Price is higher, could be speculation. Usually in the stock and acquisition front, your would get a cash buy out or a transfer of stock. So Tron - TRX is listed at 0.026, so a 10 X transfer, could get 10 times the number of current tokens. But in this case, no new, TRON is at #11, even with this low price. SO does this dilute the TRON tokens? Answers?

Posted via Steemleo

i am anxiously waiting to see answers to this awesome question of yours...

Posted via Steemleo

  ·  10 days ago Reveal Comment

Will there be a fork? Nope. That will destroy our place not to mention the value of our stakes. Just remain calm.

In the crypto world, not all news in dispersed at the time of the announcement.......Allows the insiders to make the move first, then the minnows have to feed off the scraps.

Posted via Steemleo

exactly!!!people should remain calm and prevent panic...

Posted via Steemleo

  ·  10 days ago Reveal Comment

so many individuals have mixed feelings towards this new tron/steem deal...

Posted via Steemleo

  ·  10 days ago Reveal Comment

i am optimistic it will...

Posted via Steemleo

What a neat report! Big fan.
What we are seeing here, is a working product of decentralization. Anyone can stir the pot. Also seeing negativity, rumors, emotions reminds me of a very well known, similar working, social-platform.

Posted via Steemleo

My ideal situation would be a dual blockchain approach and Tron just hooks us up with Tron as another reward but this is because I’m greedy! I mean the logistics I can think of all seem like quite the nightmare to implement since we’re not a dlive or poloniex which you can just buy and migrate and no one knows the difference

It’s great we can take our custom json anywhere if Jsun tries anything funny

you have a valid point...

Posted via Steemleo

Nice video, Tradingview is a cool site. I see Justin's acquisition of Steemit Inc. as a value play. Steemit had neither the funds nor the expertise to see this through and unfortunately, decentralization has been slow at best. Steem is a top 5 chain in terms of potential and better than Tron in many ways, the marriage makes sense though Made a post about Tron 2 years ago. This is great for both of the blockchains but probably better for Steem as it is typically the case for the acquired.

Will be interesting to watch M & A's in Blockchain tech. I see a whole new side of the business here.

  ·  10 days ago Reveal Comment

no one can be too sure for now...

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