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RE: Article States That Justin Sun and Tron will Acquire Steemit

in #steem5 years ago (edited)

Pretty sure that wont happen although i wouldnt be surprised if he tried. Whats Steemit.inc stake worth nowadays? 10-15 million USD?
Buying the company and liquidating it would not only kill a legit competitor if he got the company cheap but it would allow him to shill TRON more via Steemit thats by far the biggest and most successful crypto dapp.

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why do you hate Justin Sun so much?

I love steemit but you have to admit Justin is 100x better at marketing than anyone involved with steem... would be nice to be up over 1 billion market cap again

Because hes a shitcoin shill with 0 credibility. He fakes trading volume, transaction and user numbers, copies white papers, lies... TRON is filled with illegal or borderline illegal gambling dapps, Bittorent literally funds piracy and content theft.
He buys up companies and turns them into a Tron shilling machine without creating anything of value.
He "fakes it till he makes it" and now that idiot investors gave him money he wants to buy one of the only things in crypto thats worth a damn?

No thx.

Snake oil salesmen were great marketers as well, the best, doesnt mean id want them running steemit.

So you rather pay $24,99 PER movie instead of just watching them for free thanks to bittorrent?

I get its nice and all to be a "legit" but do you REALLY need to give more money to the entertainment industry which is the only industry that is not effected by recessions. (just like the mafia)

Id rather walk into a store and just take the beer instead of paying $6,99 for a six pack.

It doesnt matter if you think some industry is mafia like or not or how much money you think they should earn.
Those are just justifications for content theft and now you add a token to it?

Let me ask you this.
If you saw someone literally rip off someone elses post here and get rewarded for it, would you downvote?
I would. I would downvote even if i thought the guy that got his content stolen was a prick and a douchebag.

So you can steal from someone because he's rich? Come on...

The Congress shall have Power [...] to promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries. *

Sometimes I think it's probably easier to onboard people to the benefits of snake-oil at this point.

Youre probably right.

Exactly this.

I think it's worth really less than 15M.
Max 5 in my opinion but I may be wrong.

I can totally see him wanting Steemit for the community and the platform.

I don't care if people hate him, crypto will see mergers and it would be interesting as could be

Im not denying that it would be interesting but so was pulling a fishing hook out of my finger this summer. It was an interesting sight.
Doesnt mean i want to do it again.

If Steemit.inc didnt have as much stake as they do id probably not have a big problem with this but since they hold as much as they do they are a huge liability. I trust Steemit.inc not to abuse the power that came from the early mine which they are not doing but i dont trust Justin a single bit.

I trust steemit inc and all the rest of our stakeholders too, to sit and watch the project languish.

We need an influx of excitement, energy, money.

If Steemit inc. wanted to sell, it could mean that their backs were against the wall and they didn’t believe in the sustainability of our future.

If communities and smt’s are really supposed to bring life back into this place (I think it will), why sell you’re stake when it could easily be worth double or triple in the next year?

Edit* and the pump begins 🎅

If this is true and Steem inc is considering this, maybe put future isn’t as bright as we might think. In that case I’m all for Justin Sun gaining a stake. Worst case we sell our stake once the price pumps if we don’t like what he’s done with the place lol

The future is as bright as you make it.
Development and marketing is what we need.

Also, at times companies just don't have the knowledge or resources to take a company to it's potential alone. A smart business owner knows this and also sometimes competing companies join.

The last company I worked with was acquired 5 times in 10 years, never once was it because we were failing, it was because we could be stronger.

Also, we all know that steemit inc is cash poor and their constant sell pressure has hurt the price. I call that backs to the wall.

great points whatsup! Well rumor or not, the price is up at least, so I'm hoping for the best!

Wanted to buy a huge chunk of Steem next month if the price stayed low, but I guess the universe is telling me to buy BTC and see what happens lol

Cmon. SMTs, Communities, lite accounts from Steempeak, Splinterlands...
Just because we might be used to the news and need a constant stream of excitement as internet users, doesnt mean we need the "Announcement of the announcement guy".

Look around steem, find an exciting creator, theres enough of that to enjoy while we wait for the test net to end.

Thinking about the price of Steem all day every day kills what this platform is about. People, content, engagement, dapps etc...

You don't get to define what this platform is about.

You only get to define what it is about for you

Well no. Its pretty well established what this platform is about. Pretty sure it was from day 1, even before the whitepaper when it was just an idea in Dan and Neds head.
The platform is about diversity of people, content, ideas, monetization of content, and whatever else. Its not only about "how much does steem cost today".
You can explore only that side of it (which indeed is not what you do) but its not the only side of STEEM.

Who said I am talking about money, I am talking about painfully slow development.

Painfully slow adoption, zero marketing and most of our efforts going into changing our own chain and attacking our own userbase. Which is NO WAY to build a product.