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RE: Thoughts on TRON acquiring Steemit INC?

in Steem Think Tank4 years ago

Seems like a lot of discussion going on in chats on discord/slack.
But why not have a discussion here on Steem Blokchain...

This is something that always puzzled me. Why do people always go off-chain for these discussions?

which btw was not acquired today.

Just speculation, but my "reading between the lines" of that announcement makes me suspect that Steemit believes they have enough stake to install a panel of friendly witnesses and control the blockchain's destiny.

Lots of unanswered questions at this point...

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"Why do people always go off-chain for these discussions?"

Couple reasons spring to mind: the chats there aren't on chain, and thus permanent records - and potential evidence at trial. Also, DMs. We need DMs on Steem yesteryear. Memos are too clunky and public.

Couple reasons spring to mind: the chats there aren't on chain, and thus permanent records - and potential evidence at trial.

Good point. That's a difference in perspective. I generally assume that anything I type on the Internet or in e-mail is permanent, but if you don't start from that assumption, then chat would make sense for some purposes.

There are also bots and voice/video messaging that make chats more useful. I guess I overstated my point a bit.

Memos are too clunky and public.

Too clunky, yes. It's actually possible to encrypt a memo and make it private by preceding it with a pound sign (#) though. I think that a better user interface could actually make Steem's DM capability pretty useful and private.

Even encrypted comms provide metadata, and history reveals that is a useful attack vector for bad actors.

I do agree with you we need DMs.

Thanks!

Yep exactly ... let's move the chats over here in general.

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

This is something that always puzzled me. Why do people always go off-chain for these discussions?

Chat is easier sometimes. Depends what kind of conversation you want. If you want a well thought out conversation. the chain is the way. If you want an emotional conversation, chat is better. imo

The chain can always be forked without Ned's stake if it becomes a problem, can it not?