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RE: Could STEEMIT, Inc. ever be an Acquisition Target?

in #money7 years ago (edited)

yeah but facebook would have to do KYC for the rewards giving up(tey way to huge). Steemit gets away with it for it does not give away anything the blockchain does. and the fact that steemit's contents are decentralized i can make my own steemit if i wanted too. like busy.org does.
steemit does own the domain names,and email for users. And the way the site looks but other than that nothing much could be used by facebook.
facebook is better off just making a erc token that works like this=
Upvote=erc token
downvotes= less erc token on posts...?
more erc token you lock up more your upvotes are worth.
Facebook sets the value or is a token in an exchange facebook would probably pull a tether and make the token worth $1. They have the ad money and data to pull it off.

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Interesting point, big business can always copy a smaller business with all the leverage they have. However, that risk alone doesn't stop small potatoes from turning into Unicorns!

@sames - can you use your steemit login on busy.org? Is it able to access the same blockchain?