My understanding is that Steemit is a company and that is what was bought.
Assets of the company include the DApp, the stake and any proprietary intellectual property created by the company.
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My understanding is that Steemit is a company and that is what was bought.
Assets of the company include the DApp, the stake and any proprietary intellectual property created by the company.
Good point!
You're right, what was sold was "Steemit.inc".
When you say that the "Stake" is one of the company's properties, do you mean the Steem staked? Is it, the SP of the users?
Of this being true, then we will see massive Powerdown. People will want to have their liquid steem to sell it and buy other currencies. At least while these turbulent times pass.
Delegations would be withdrawn.
Then the projects based on delegations, as well as the big Trails, will be without force. A whole chaos.
Justin Sun knows he has at least 13 weeks of support. This while the powerdowns are running.