#12 | Tronit, The Future of Steem & My Take on The Pros and Cons of Justin Sun


  • 220
  • 2
  • 9.692
  • Reply

  • Download Torrent Open in the desktop app ADD TO PLAYLIST


    Published on Feb 16, 2020
    About :

    #12 | Tronit & The Future of Steem.png

    The announcement of Justin Sun buying Steemit, Inc. has been met with so many mixed feelings and confusion. It’s a big deal for anyone who’s paying attention to Steem.

    There’s good and bad to this whole situation. So far, nothing bad has happened. We’ve seen Steemit, Inc. leave the hands of a founder who had grown uninterested in the project (Ned) and lacked vision, execution and resources to bring Steem(it) any further.

    In my view, all the same risks exist. Ned could just as easily use Steemit and his STEEM stake to overtake the blockchain in the same way that people are worried that Justin might try to do.

    The thing that kept Ned from doing that is the same thing that will keep Justin from doing it and it also happens to be the same reason why 51% attacking the BTC network doesn’t make any sense — the game is created in such a way that the financial incentives lie in propping up the blockchain and growing the network, not tearing it down.

    If Justin stomps Steem into the ground, then he loses a major investment. It doesn’t make financial sense. If Justin, however, allows the Steemit team to continue their development on Communities and SMTs (not to be confused with MSTs), and then he puts his full marketing dollars and weight behind those launches and announces them to the world… think of what that could do for Steem. Think of all the major attention that our blockchain will get.

    The floodgates could open once again.

    There are pros and cons to every situation. There is a bright side, but you have to be willing to look at it. Keep your awareness about the downside and understand the risks of having Justin in a position of power, but also keep your awareness about the upside and understand the benefits of having Justin in a position of power.

    In this episode of the Steemleo Show, I give a bit of a rant as I recap the long day we had yesterday between the AMA followed by the witness chat and then give my thoughts on the future of Steem as we know it.

    Links Mentioned:

    Listen & Subscribe to the Steemleo Podcast!

    Our Community

    https://steemleo.com is an online community for crypto & financial content creators, powered by Steem and the LEO token economy.

    Tags :

    crypto podcast steemleo palnet steem tronit

    Woo! This creator can upvote comments using 3speak's stake today because they are a top performing creator! Leave a quality comment relating to their content and you could receive an upvote worth at least a dollar.

    Their limit for today is $0!
    Time until khaleelkazi can give away $0 to their commenters.
    0 Days 0 Hours 0 Minutes 0 Seconds

    To comment on this video please connect a HIVE account to your profile: Connect HIVE Account

    More Videos

    4 views 3 months ago $
    8 views 2 years ago $
    201 views 2 years ago $
    2 views 3 weeks ago $
    4 views 2 years ago $