It is necessary to know "What was sold."
Steemit is a dApp that runs on the STEEM blockchain.
Ned sold his dApp. Now, will that sale allow the buyer to modify the entire code structure?
To make profound changes an HF must be implemented. How far is Sun willing to destroy Steemit? Does anyone buy a castle and then demolish it?
Changing the economy of Steemit would affect the economy of the entire blockchain. So why should all accounts be shut down? For what?
What would have happened if instead of buying Steemit, I had bought Dtube for example?
Could Dtube change the entire blockchain economy? I think not.
We must wait for the AMA and learn more about the terms and conditions of the sale.
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Delegations would be withdrawn.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.