Negative or positive ?
IMO, it looks positive situation after Junstin buying Steemit.Inc.
Mainly my assessment is based on the price.
We entered into the Steem Community for more profit, frankly speaking.
Decentralization is very important, because there is a belief that the decentralization end up brings us mass profit.
For me, at least, the decentralization without profit means not thing.
Why some people highlight the decentralization of Steem community ?
Because the decentralization looked to bring them more profit for them.
What I want to say is the decentralization is important, but it is only a part of Steem value.
Steem price(profit) and decentralization need to go together.
After Justin entering into Steem community, the price looks stable. For ordinary investor like me, the steem price is more important that the decentralization that had not supported the price.
Anybody can enter into steem community.
So Justin is member of steem community. He invested much money for steem. We admit his contribution. Of course, I recognize the contribution of the old witnesses who have worked hard for the steem community.
When Justin's capability and the old witnesses' experience are merged, this crisis would turn into the opportunity.
Price looks stable because he is buying up Steem, so he can take full control of top 20 witness spots. If he achieves that, he will probably implement a hard-fork, power down, move funds to exchanges. Just my guess.
Decentralization is not just about money. Justin clearly doesn’t care about Steem or decentralization.
Let him spend all he wants, he even sold TRON to get us to top! GOOD JOB JUSTIN! YOU'RE CLEARLY ON YOUR PATH TO GLORY @justinsunsteemit
exactly... https://steempeak.com/steem/@tobetada/does-steem-really-have-a-future-now
Problem is, Justin wants total control of the blockchain. That isn't going to work, and it's not negotiable IMO, to the majority of steemians. Steem blockchain can't be decentralized if it has one person dictating everything that goes on, and Justin insists on having such control. His suggestion that he have "veto" power would also amount to him having total control over everything.
Unacceptable.
yeah, I tend to agree:
https://steempeak.com/steem/@tobetada/does-steem-really-have-a-future-now
What a crock of shit, no one became a witness without Freedom's vote. Everyone acted like the ninja mined stake didn't decide witnesses but it did. In fact it was the primary deciding account.
What is the value of a DataBase? The value relies on its integrity. The market is discovering a new type of database, the "blockchain". It's only 12 years old.
"price" is just a market process related to value, but it's a discovery process. It's not a linear and immediate equation like "price=value".
You could learn the difference between price and value researching what Warren Buffet explains regarding that matter.
The technological advantage of a decentralized database ("blockchain") vs. a centralized database means that it is also more valuable.
If you turn a blockchain into a standard database by means of centralizing it towards 1 authority, then you are destroying value.
Short time price IS NOT value. An investing strategy taking in consideration only the price is set to fail in the long term.
An even more valuable STEEM community could be achieved if the DPOS protocol evolves into a REDPOS that is less vulnerable to centralization forces, that ultimately destroy value.
You must be kidding me, right?
The only reason why price is better is due to a Justin buying more yo overthrown our governance. Splitting the chain is inevitable
I'm a bit exhausted from it all! They closed my Twitter for 2 days for "spam" lol! I was posting hundreds of comments, etc. I just want Steem to thrive and do well! I love this blockchain and community!
I presented my point of view of the current situation and ideas how compromises could be found here.
Win-Win situation, I agree 100%.
As a business man and entrepreneur what do you see as the best way forward in this battle?
Thanks for asking, it's a very simple situation that can be solved very quickly.
Investor Justin has a business logic, he and similar brokers need liquid Steem, so he wants Power Down to last a short time. On the other hand, we have a blockchain social network - a platform that seeks stability, essentially fear and trying to preserve something old is what now dominates. To take one example, you have 300,000 Steem in Voting Power, your neighbour is selling a $ 500,000 house for only $ 150,000, you need $ 50,000 to raise and pay for such a nice investment. You don't have 13 weeks to do it, but if the power down was shorter - max 1 to 2 weeks, then you could sell Steem and raise money for a great deal. On the other hand, investing in Steem Power under the old system is no longer attractive to new investors, it all comes down to a closed circle of people. So we need a change in several directions - To move towards mass adoption through supporting projects that are more in the direction of the business and not just through the social network. Greater decentralization and democracy where investors have less influence on witness choice, simply give the community a greater level of decision-making. Setting clear goals by raising Steem value, pitching into a large number of stock exchanges, this is the part that Justin can do. We need reason here instead of ego, emotions in business should be shut off and put on the table, so we really have nothing to lose.
Negotiating team with a clear vision, aligning the business model with Justin and launching a project. Where there is a will, there are ways. Everything else is just an escape from focus and great success that can be achieved with synergy in a very short time.
I have no idea and think a lot of people are looking how to buy toilet paper at the moment
Wow 557 people voted. Yet only 1 real comment.
i left a real comment :)
I think O.o
I agree with this and would add some more thoughts to your message.
a. Give more power through knowledge to people knowing steemit, which is reverse decentralization
b. You limit the platform to the limited amount of people who are enough tech savy or willing to put in some effort. This is also against true decentralization.
This is good for Steemit in my view short and mid term. The challenge is long term, when Justin / TRON needs to move Steemit back to a decentralized set up when the basics have been improved.
The big question is, will he be willing to do so. For now the involvement of Justin is helping things moving forward.
Just my humble opinion
We don't want just temporary profit. We want enduring profits. That is why decentralization is so important in the long run. We want to build something realy big and revolutionary that will stand the test of time.
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I a gree with you. currently steem prices are stable. hopefully with Justin, it can always bring better change for a long time. especially on price.
나도 님의 글에 공감 합니다. 감사합니다.
I think we are now in A Fork
I'm sorry to disagree but decentralization of a blockchain is essential. Without decentralization a blockchain has no value.
I do hope that Steem and Justin can move on, come to mutually beneficial terms and begin cooperating.
inspecting the viral code..
every new momenti we find new glitches...
yes the panic is ignored as we dig into the ZERO point...
Most positive thing to happen for Steem in history. Now it is Bidbot witnesses vs Sun witnesses. I just hope Sun starts voting on posts now and bring some balance to trending.
It's a great time for everyone to join the Farting Community, thats what I think.
I agree with you on the point that Justin might be a positive factor for the STEEM price, but if you're going to trade a stable price for a decentralized blockchain then there's no point to have a blockchain at all. Just let Justin compete with Zuckerberg then and have him create a new type of Facebookish social network...
I deeply respect your opinion, but you have to factorize that the target audience for a blockchain-based social media is one that likes decentralisation, and that it's an audience that is willing to bear decentralization's strengths and weaknesses
my evaluation
Thank you for this post, and also to the commenters below.
I have been on STEEM for one year only and the post and comments are rich in information for me. I have been catching up for one week about the TronTakeOver. Some comments here really help me catch up.
One week ago I discovered I had been "stupidly late" about the one currency I had digital assets into.
Before the take over, I did not know things like this were even possible.
The community reaction to all this made me highly motivated for STEEM. I am part of the new game developers who knew nothing about Steem one year ago, and came to Steem thanks to Splinterlands.
I am confident it will rise and am really willing to contribute projects to it.
Even if the Steem currency went below what it was years before, the reaction inspired some people. I don't exactly understand why many projects did not attract so many people outside Steem, but I will be trying to. I think it proves that the community is inspiring. To me it sent a very strong signal.
I know I am some kind of enthusiast but there are good things to this community, and these good things were built over time thanks to so many people.
The owner of Binance CZ said that steem's price is just stable because Justin is buying up steem tokens to whatever reason he is doing @slowwalker but I think the Korean community has a big impact on how will things turn out fro steem in the future.
I will also take positive in some regard and aspect because when Justin Sun bought Steemit he has his own goals , aim and objectives but the only negative effect was that he did all he could to Introduced his own Witnesses.
It's very complicated 😔
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