Dlive gets acquired - here's why it's bad news.

I'm sure you've all heard of the news about dlive "joining" the BitTorren ecosystem hitting the crypto news media sphere in the last day or so. Interesting because dlive was once a Steem "dapp" which ended up betraying the community and poaching a bunch of users after using borrowed power to gain initial traction on the Steem Platform. It's also interesting because this news was not widely rumoured, if at all prior to the announcement and if anything, there were rumours of Justin Sun making an acquisition of Steemit.com which has yet to be confirmed or denied.

Rumours aside, I think it's important to make a few points about this "partnership" as it may concern Steemit.com later on pending confirmations of the rumour, as well as hit some points on the nail about what really is going with Justin Sun and his cohorts.

Justin Sun does not understand the value of decentralisation and uses these common crypto blockchain buzzwords to sucker in the masses who do not know any better. How can you be a CEO of a coin? Exactly.

It doesn't matter how flashy or sophisticated something may appear if fundamentally, the scheme is a scam. That, is exactly what TRON and Justin Sun are. Glorified scams. He has no interest in actually innovating anything new, because how could he? He neither has the technical expertise, nor leadership to attract the resources needed to make anything uniquely innovative. Where he excels is selling a narrative to millions of sheep and creating hype for liquidity.

TRON is about to have a significant portion of it's supply unlocked by the TRON foundation, which can only mean one thing. Continued selling of the token. Justin Sun may be a scammer but he does know that TRON is ultimately worthless. This is why, TRON will have a controlled bleed for many months and years to come while he cashes out and converts "hard" money into more valuable propositions.

In a bear market, the best thing you can do as an entrepreneur is to make bold foundational moves to capture asymmetric gains later on. Right now, BitTorrent as a token is as good as dead. The amount he raised in the ICO will be more than any profit the "company" will ever turn over. There was clearly no need for an ICO and even the founders of BitTorrent knew this. I suspect this is why they left the project as soon as it was clear that Justin was out to get a quick money grab.

In order to secure further liquidity for his gradual sell off of TRON, Justin needs more people to speculate on the value of it, and spending a small portion of his warchest on acquiring dlive is just part of that strategy. His biggest source of return is from his large bag of TRON, at current prices, it is worth about 500 million USD. Assuming he paid of the order of 20 million for Dlive, this represents a very small amount of money invested to raise the liquidity pool for his eventually sell off of TRON.

What is frightening about Justin Tron, is that he leaves everything in his wake in complete disarray and kneecapped beyond redemption. People give him praise for being exceptionally good at marketing, but through all of that hype and marketing, has he actually gotten positive results in the value of TRON? Without the foundation/Sun consistently selling on the market, how can positive "developments" cause the price to collapse from 2000 satoshi's to 136? The price action tells us he is in it for the short run.

Remember, hype is lauded and for that he gets a gold star. It is results which translate into monetary value, not hype.