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RE: OMG... What Is All The Fuss About? Steemit Now Has A Chance AGAIN!
These fears are unfounded.
He doesn't control the blockchain or the witnesses and any attempt to do so will be negative for him.
Sun just bought a huge amount of Steem. He wants it to go up. He will soon see that Steem has better technology than Tron and he already knows Steem has a better community.
He need to keep that community on side or else he'll be wasting his investment.
But this is hugely positive for Steem because he bring what Steemit always lacked - decent marketing and a budget to do it.
He owns the largest share of the token and because of that can control who the witnesses are. Any attempt to fork him out will have negative affects on this chain. He bought his tokens fair and square, those crying fork should stop as it makes the whole chain look very very bad. No investor is coming here to buy up a bunch of tokens when those who are elected as witnesses (and others) cry fork out the man who honestly bought his tokens.
He bought the rights to STEEMIT and he can do what he wants with it. He got his tokens in an honest manner and they are his and he has the right to use all the power that comes with that. Don't like it, create a clone site and a new token, forking him out is morally wrong and possibly might even be legally wrong.
He doesn't have majority share of STEEM tokens. He has maybe 75M out of 210M STEEM
Please take note of my edit that took place long before your response.
75/210 makes him the number one influencer on here and everyone else a very distant second.
Actually 210M is only the powered up Steem. Total Steem supply is 370M. So really his stake is less than 20% of total. And 75M is the high end estimate of the amount of Steem he has. It could be as low as 40M.
One also has to take in account that some of that 370M supply is in accounts with lost keys and inactive users. No matter how we want to dice it, Justin Sun decides the faith of STEEMIT and likely STEEM the blockchain/token as it stands today.