Two thoughts, off on a tangent: (i) I wonder how long Sun has been loading up on Steem at bare-bones prices - maybe from Steemit's monthly sales. He could have considerably more stake than just what he bought from Steemit in this particular transaction; and (ii) At least Sun "eats his own dog food". He's doing the AMA tomorrow on DLive. That's a nice contrast with many of the Steemit folks, who have never really made any substantial use of their own platform - at least under their own names. It could bring a nice boost if Sun were to start blogging here and linking to it from Twitter.
Back on point, I'm having a real hard time visualizing how this token-switch is gonna work. Totally migrating the blockchain along with author and curation (and beneficiary?) reward functionality would take some serious time & effort, and the announcement didn't say anything about SBDs, delegations, the SPS, free transactions, or SMTs. It's a lot more than just a token. All that technology adds some serious value for someone to just stroll in and destroy. I don't see it happening.
I'm imagining something more like a TRON-based token that's pegged to the Steem token, so that everything on-chain stays basically the same (at least for a period of several years of migration and integration time), but anytime someone trades out through poloniex, their Steem gets parked and replaced with a pegged TRON token that they can withdraw into their own wallet...
I'm definitely interested in learning what comes up on tomorrow's AMA. Hope I can make it. Overall, I guess I remain optimistic, in a guarded way...
My feeling is that it's starting to sound a bit better from what I'm hearing. Like they may not have big aspirations and conniving plans already... but may just like the company and want to be involved and just want to make both chains work. Nothing really solid to go on... but i'm starting to feel less worried.
Two thoughts, off on a tangent: (i) I wonder how long Sun has been loading up on Steem at bare-bones prices - maybe from Steemit's monthly sales. He could have considerably more stake than just what he bought from Steemit in this particular transaction; and (ii) At least Sun "eats his own dog food". He's doing the AMA tomorrow on DLive. That's a nice contrast with many of the Steemit folks, who have never really made any substantial use of their own platform - at least under their own names. It could bring a nice boost if Sun were to start blogging here and linking to it from Twitter.
Back on point, I'm having a real hard time visualizing how this token-switch is gonna work. Totally migrating the blockchain along with author and curation (and beneficiary?) reward functionality would take some serious time & effort, and the announcement didn't say anything about SBDs, delegations, the SPS, free transactions, or SMTs. It's a lot more than just a token. All that technology adds some serious value for someone to just stroll in and destroy. I don't see it happening.
I'm imagining something more like a TRON-based token that's pegged to the Steem token, so that everything on-chain stays basically the same (at least for a period of several years of migration and integration time), but anytime someone trades out through poloniex, their Steem gets parked and replaced with a pegged TRON token that they can withdraw into their own wallet...
I'm definitely interested in learning what comes up on tomorrow's AMA. Hope I can make it. Overall, I guess I remain optimistic, in a guarded way...
My feeling is that it's starting to sound a bit better from what I'm hearing. Like they may not have big aspirations and conniving plans already... but may just like the company and want to be involved and just want to make both chains work. Nothing really solid to go on... but i'm starting to feel less worried.
#Optimism