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RE: Why FB Crushing STEEM Would Be Great For Humanity...And Why It Will Not Happen 👍
I totally agree on the fact that facebook won´t copy steem neither setup a blockchain that might rob them of their power they currently have. They are just depending on the money from advertising and do a great job on it to be honest so why change a running system?
Anyways in case they´d setup a centralized token, which they´d own the biggest stake in it wouldn´t make it really different from Steemit. I mean the founders own the biggest chunk of all steem in circulation.
That is all true @steembusiness.
I am not sure, but I believe that they are powering down. I know @dan has been and we saw some big movements of SP out of the steemit account. Sure it might just be switching hands but, if I am not mistaken, I read that @ned said during Steemfest that they would be reducing their holding.
We will see if it comes true.