“Steemit joining the Tron Ecosystem” - What it means

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This morning it was finally announced (by Tron) that Steemit was bought by Justin Sun. Let’s note that there has still been no announcement by @steemitblog or response to the many questions by top witnesses.

So, this is my opinion on the situation, and what will happen, based on months of watching it unfold and one of the main reasons I started a full power down.

First, the announcement -

Steemit Joining Tron Ecosystem

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TRON and Steemit’s development teams will immediately begin working together to bring Steemit and other Steem blockchain based DApps to TRON blockchain and its community of over 20 million users, products, and services.


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That’s an important part of this announcement that I think many should take note of - Steemit inc devs will be working with Tron to migrate Steemit, as well as some other selected DApps to the Tron ecosystem.

I assume this also means that the many technical updates to the Steem chain we have been anticipating will be integrated into Tron as well (probably part of the deal).

Meaning, they won’t be on Steem.. they will be on Tron.

What does this mean for DApps built on Steem?

Not sure, many probably already got an offer to move and will do so (Justin has a fund where dApps get scholarships to build on Tron). Those not chosen will have the choice to stay or go I guess, on their own dime.

Here is the big kicker


including moving old STEEM token to a new TRON based STEEM token, giveaways to the existing TRX users with the new TRON based STEEM token

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So based on this announcement they will be moving the “old STEEM token” to Tron.

How is that possible? Good question.. better question is - What does that mean for everyone holding STEEM?

I assume there will be an airdrop to move the community to Tron. A matching of your current STEEM holdings.. but what does that mean for the native STEEM token?

Technically Justin could easily control consensus and do as he wishes (fork, code change etc) I guess we will have to see about that one.

What does that mean for content creators?

I think you’ll be fine, if your primary focus is just content creation. You will most likely just be now blogging on Tron.


What does this mean for stakeholders?

Well for those who actually bought STEEM and believed in STEEM, I’d say it’s not looking good. If you don’t swap to the Tron version, I assume you will be left on a dead chain.


What about the Steem blockchain?

Depends on what happens to the code. Technically the chain will still exist. But many of you know the core developers are Steemit inc employees and therefore much of the development will no longer be here.

Many could stay and actually build on Steem (As the Steem blockchain is separate from Steemit inc and steemit.com), hell it would probably be much better off without Steemit inc holding it back.. but I very much believe Justin Sun will do what he needs to do to ensure his new project is just that, his.

I have no interest in Tron, and will not be part of this move.


Call me negative all you want.. but I think it would be smart to decide what your goals are and make decisions accordingly.

Most content creators will do great and may even see more traction on Tron - they very much have marketing down and no doubt will be a popular site.

For those that believed in the original idea of Steem, and what it could be, I can’t see that Tron fits into that idea. So I’ll say .. it was a fun ride.. message me if you build something that actually will accomplish it, I’d love to help.

Much love,

Justine


Comments
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  • @doze

    Means this https://twitter.com/realNedScott/status/1228364811622322178

  • @markkujantunen

    Well for those who actually bought STEEM and believed in STEEM, I’d say it’s not looking good. If you don’t swap to the Tron version, I assume you will be left on a dead chain.

    Agreed. What exchange would list it with Steemit, Inc's resources gone?

  • @onthewayout

    I have no interest in Tron...but if they give me some Tron tokens I will gladly take them and sell them.

  • @schlafhacking

    April‘s fool is in April. This is Valentine‘s 😬 Fck that tron shitcoin ☕️

    Posted using Partiko iOS

  • @itegoarcanadei

    I have started power down right now. Tron has been always scam and always will be. Bye bye Steem

  • @flemingfarm

    Pretty wild that Steemit inc is giving up all the principles that seemingly it was started on. Like you say, #somuchfordecentralized

  • @steempeak

    SteemPeak still strongly believes in decentralized content posting and decentralized governance. We wait to see where they stand and if they leave us.

  • @gardeningchannel

    Dang, I'm personally not a fan of Tron. I guess I should have started powering down a while ago lol

  • @pharesim

    Hoping for STEEM Classic... If that doesn't work out, it's been nice to have met you, although it's been way too brief!

  • @rumblestiltskin

    By technical updates I assume you mean SMTs? I think those changes can still be added to the current chain. Tron already has it's own token functionality.

    I assume this will result in the Steem chain continuing and the community breaking up into two groups, one who follow Steemit and the other looking to maintain the current chain.

    I assume the witnesses will stick around the current chain because Tron already has it's own consensus mechanism.

  • @cpufronz

    I have no interest in Tron, and will not be part of this move.

    Neither do I, now I'm kind of in a dilemma: I want to continue using Steem, but I don't want to do it on Tron. Even Justin himself admits that it is a shitcoin:

    https://twitter.com/PeterMcCormack/status/1226358690678288384

    Drunks and kids always tell the truth!

  • @mikefromtheuk

    Steemit is fucked.

  • @ragnarokdel

    I have many confused emotions on this. I like the community aspect of Steem, which is why I've been working on getting more influential for a while with s-e tokens but Tron is also part of my very limited crypto portfolio and there's no denying that Tron has more recognition and a few advantages/disadvantages.

    I dont really care about steemit.com, it was always a mockup of a real social media and as soon as I learned about it's existence, I switched to steempeak that is vastly superior.

    I sincerely hope that actifit stays or at the very least support both and I dont see why steemmonsters would stop servicing the steem blockchain, they already support both.

    Ultimately it will all boil down to how it's integrated.

  • @steevc

    I know little about Tron, so cannot judge them, but Steem could carry on without Steemit if the witnesses want it to. It's a big community to upset if they mess it up anyway. Interesting that @Splinterlands already uses Tron, so they could easily move over.

  • @stealthtrader

    I have been on Steemit since it launched in July 2016, and I have believed in nothing more than the Steemian community to always be there to share great content and ideas with.. I remember when everyone was just blogging about crypto and I started uniting people and posting to bring more content like music, videos, poker, live streaming, sound/audio streaming, and pretty much anything besides crypto blogging.. I was mostly ignored, but I was posting videos every night of me performing DJ and Launchpad videos and @ned upvoted most of them.. I slowly watched as Steem became this hub of crypto projects and brought so many people together.. And just think I used to imagine Steem being everything it is now and the only thing missing is a merge with Decentraland, which I made a post about Steem making a VR world before Decentraland came out. ☝️

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    https://steemit.com/vr/@stealthtrader/the-future-steemit-digital-world

    Keep in mind that this post was made almost 4 years ago, and almost everything has came true except a VR Steem world.. 🤔

    I am not sure how to feel about this, but I do know I will always consider the Steem community my family, and will not lose connections with those people regardless who’s name is on the blockchain.

  • @gadrian

    I'm waiting until tomorrow to take a decision, although by the Tron communicate it gives me little hope for independence for Steem. It's either Tron or a crippled Steem blockchain, if it will continue. Well cooked JustTron! I wonder if he actually negotiated anything with Ned or he presented him the terms.

  • @stackin

    In other words, I’ll see you on twitter and voice haha

    Posted using Partiko iOS

  • @gniksivart

    Every time I see Justin I am like why does she keep referring to herself in the 3rd person and misspelling her name.

  • @steemmatt

    Know if the new Tron-Steem chain will issue stake-based voting for a share of a rewards pool for content creation, etc., or those glory days will be gone? I use the word term glory days loosely.

  • @cwow2

    Meh. I dont wanna move to tron either..

  • @esecholo

    I won't call myself a doomsdayer but this is going to end badly for anyone who bought into Steem... The value of Steem will increase simply because there is news about Steem in the mainstream space of Crypto but once the news dies off and Tron overtakes Steemit, Steems value will plummet.

    Don't believe the big steem accounts that are shilling the idea that this will beneift STEEM holders, because the end result will definitely be the opposite.

  • @goldrooster

    Your sentence" So based on this announcement they will be moving the “old STEEM token” to Tron." should read "So based on this announcement they will be moving the “old STEEM token” to a Tron steem token". As you I also a miss a FAQ ( I have a corporate finance background) but I assume there will be a STEEM token as this is also if I am correct the largest asset of the company they acquired.

  • @bashadow

    I have been told anyone can fork steem if they want. Steemit.inc is not the only developers on the block chain, nor the only ones with a development team. steempeak has been talking lately about wanting to present a HF proposal after the steemit SMT hardfork was done with. So there is at least one group with a development team. Splinterlands has a team of developers, I am not sure they would want to migrate to a centralized system where they could be charged for every micro transaction done in their game, (we will just have to wait and see).

    We will see if the top 20 witnesses really are in the back pocket of steemit.inc or not. As a few have pointed out Tron does not need them after all to run the Tron block chain. I saw on the Tron site they have less than 1,000 nodes, I am not sure how many nodes are part of the steem block chain.

    My only block chain/crypto experience is what I have read and seen on the steem block chain so some of my thoughts are likely pretty wrong, but I do like speculation and the hysteria it can cause in some, the knee jerk reaction of others, and the total fear of the future for some. This is going to be one Epic Weekend, and I can not wait for the Monday Night couch potato quarterback reviews.

  • @jamesdeagle

    I joined Tron almost two years ago, and while I was stoked at first, within a few months I felt somewhat underwhelmed by the whole experience, and am not sure what the actual value proposition is for Tron taking over Steemit. Anything Tron seems to run sluggishly on my computer, but then so does anything running in Chrome. Blech.

    Anyhow...thank you for your post, as it sounds the alarm on a difficult choice many of us will be facing.

  • @michealb

    oh dear.. oh my... help...panic... quick dump the lot, sell it all! Oh we cant, lol.

    steem + tron = steemon?

  • @traciyork

    season 5 Bachelor in Paradise krystal i just dont know how i feel.gif

  • @enjar

    I believe they have 20 million of something all right. Better chance it’s ticks on their #$).

    Not sure where I want to develop my game now for. Tron is nothing but gambling casinos as far as the eye can see. I never found anything of interest over there and i don't intend to build something for that blockchain either. Thankfully I’m years away from having to work out such things.

    Farewell. I wish you luck wherever you go.

  • @forykw

    I wish to stay as well. But let’s see how things roll.

  • @mayvileros

    Esta publicación ha sido seleccionada para el reporte de Curación Diaria.

    final de post.png¡¡¡Felicidades!!!

  • @mamalikh13

    I thinks as of now we need some time to see how this thing will play out for the community. I can see it as a good thing though. but again nothing is for sure.

  • @ladybug146

    Too be honest, I can barely use the internet as it is so I'm not too sure what this news means for our future, good or bad so I'm not going to weight in on that matter.

    With that being said, if you are correct in your analysis and concerns and it would be detrimental to the original idea of steemit. It caught on with a group of users desperate to get away from the mainstream social media control and narrative like taking our freedom back. That is where the community might be at a crossroads as to what we value more, the potential profits or the freedom we came here for? Obviously there will be some that prefer profits over freedom, it's a personal choice after all and we are all motivated by different things the old idea of steemit can remain as long as there is enough committed to it if the tron changes are too steep.

  • @thelogicaldude

    I am with you on that. Not a fan of Tron or Justin Sun at all really. All he has ever proven is that he can market. But show me a good working project on Tron? I haven't found one. Plus, I am not seeing how by purchasing a front end, how he is taking control over the whole chain. And are all the witnesses behind it? Just waiting to see what is going to be said tomorrow. Can't really stress over something that I have no control over... Although the community should have a say, as this is supposedly a decentralized project, or at least I thought it was, guess nothing is really decentralized is it?

  • @jayplayco

    One of the best postings I have seen that are showing the current situation as neutral as possible.

  • @chekohler

    This community of users and developers have been through so much the money doesn’t even make sense so you can see it became a passion project for most! I think this move being a first in the blockchain space of its kind will show who are the money hungry members and who believe in the ideal over all, I don’t particuLarly care which you choose that’s up you the individual

    I expect a community run fork will be In the works with a snapshot and users will hopefully be able to cross post on classic steem and Tron steem and let the market decide who wins!

    Value can flow between the two and we can use Trons infrastructure to our advantage! There’s a million ways we can skin this kitty and I don’t think Justin realizes this community dont all bow down to overlords!

    If he wants to make the most of his investment he would overlay steem as a dual blockchain with Tron and leave us be anything else would be seen as a hostile take over and he will lose users are hardcore steemians and keep the fickle ones to which in my opinion is fine by me

  • @alexs1320

    Let's build something on Steem, so desperate housewives can be in charge of something besides peeling potatoes

  • @frankbacon

    Highly rEsteemed!

  • @sjacob

    I am totally agreed with you.

  • @glasgwyn

    Ouch you're leaving? :( I just got my account today and don't know anything. Now there's even this thing called tron @[email protected] My head ache.... Did this meant the steem is going down?? If that's true then it's sad....

  • @tngflx

    A failing chain right in front of our eyes, and many still in denial. Dan saw it years ago and now Ned leaving with "personal issues". Shouldve sell my stake when it hit 6$ :( but let's see how Justin Sun going to apply his magnificient marketing skill into play. This might still help steem price.