Hello Steemians, we apologize for not updating you sooner but the last thing we wanted to do was give you inaccurate or untruthful information. We have now met with the TRON team and are excited to share with you the outcome of those meetings.
Town Hall
We will be hosting a Town Hall meeting a week from today, March 6th at 9 pm PST. We will provide Zoom meeting information prior to the meeting. Please leave any questions or comments to this post that you would like to be addressed during this forum.
Prior to the Town Hall, there will be a meeting between Steem Witnesses, Justin Sun and other TRON members, as well as the Steemit team. The meeting is tentatively set for Wednesday, March 4th at 9 pm PST. This will be a great opportunity for the Steem Witnesses to share their ideas and vision for Steem. The community asked for this, so we are happy to deliver on that request.
Our Visions
The most important question in our minds going into these meetings was not whether we share the same vision for Steem, but whether these two organizations, each with their own strengths, can work together to help realize one another’s visions. We were happy and somewhat surprised, to discover that this is the case.
Both organizations are trying to onboard the masses to the blockchain through amazing applications. But while Steem is taking a more application-specific approach that enables it to provide speed, consistent user experience, and free transactions, TRON is constructing an ecosystem of interconnected databases like the TRON blockchain and BTFS each of which serves a specific purpose. They see the Steem blockchain as the perfect addition to this ecosystem.
Making History
After meeting with the team we all agreed that the best way to progress our missions and add value to one another’s stakeholders is to connect our two powerful blockchains through Cross-Chain Atomic Swaps!
This would be the first time in history that two blockchains of this size will be connected to one another so that tokens can flow freely, and voluntarily, between the chains without the need for trusted intermediaries like exchanges.
New Path, Same Destination
We know that there is still a lot of work to be done to mend the wounds created by previous leadership and a rocky transition, but we are now confident that this partnership can be the new beginning that Steem so desperately needs. We hope you will join us on this new path toward achieving the same mission: to onboard the masses to the blockchain by tokenizing the web.
But let us know what you think. Do you think Cross-Chain Atomic Swaps sounds like the type of win-win solution that could help Steem and TRON explode into the mainstream? Let us know in the comments below and we will see you next week at the Town Hall.
This seems to be a kind of political battle mixed with M&A. If so, I do not deny that may happen. But you should be more serious about keeping sustainable ecosystem not trying to get short-term benefit.
Atomic swap will be good but addresses only one issue. There were many issues that were raised and for those reasons SF happened. Most of those questions are not answered yet.
So pls take those questions one by one and answer in detail
This might be one of the greatest revolutions for the new economy and will mark an important transition for blockchain history, that will be remembered by many in the years to come. Decentralization for economics through the most valuably exchanged resource paves ways for new marketplaces and DAO's to be build on the most communal d-layer and potentially that engaging, evolving blockchain with scope for expansion, penetrating into the next era of history. I believe that we will build the computing resources for DAO's of the future and will inevitably grow as the most raw and affordable next internet if we all believe in the same values. These values can be means to a common goal. Amitabha!
Im new here but ithink the basics are clear enough. We still don't know exactly whats gonna happen, and until we have a solid idea, we need to maintain face.
There are several scenarios that might occur, and i think the absolute worst case is a complete overhaul of the Steem blockchain. Thats gonna be messy and expensive.
I think at the end of the day, those of us who love Steemit wanna keep using it like we do without danger of significant disruption.
So, the question those top 50 witnesses need to ask Justin is, how the hell can we meet whatever vision you have for Steemit while still preserving what the people love about it?
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My question would be concerning how that doesn't make Steem Tron one blockchain via the Cross-Chain Atomic Swaps.
I guess the answer to that question might be personified in train track switches that allow for trains to go from line of track to another set of tracks. I'm going to try to remain open minded. But at the same time, I'm partly concerned and also curious concerning how Tron and Steem can connect and yet remain separate at the same time. I will try to keep my mind open to understanding some of these things. I should probably write some articles exploring some of these things in the future.
Can someone please make @justinsunsteemit aware that Steem does have abuse issues? Unless some big accounts help out by flagging and/or delegating to those who do then it is likely to get much worse if we have an influx of new users. A few whales could cancel out all the paid votes and make for more organic rewards distribution. Efforts like @steemcleaners and @steemflagrewards can only do so much. We have a load of volunteers in vigilante roles for little in the way of rewards. I expect most users do not use their free downvotes for whatever reasons.
Cross-Chain Atomic Swaps sounds like the type of win-win, the main direction in the cooperation is to continue develop steem as a independent blockchain, we have a lot of coins in crypto market and most of them we can only hold and transfer, but the steem is more powerful and functional blockchain.
Cross-chain swap without abusable big storage wallets sounds great but if these exchange accounts are eliminated I expect that there will be some kind of accounting ON STEEM CHAIN ensuring that Tron chain can't return more STEEM to Steem chain than how much has been transferred to Tron chain
It's nice to see that you are deciding for the community! Our community always hosted such meetings and invited Steemit inc. Now Justin comes and sets a date to meet him. We already did. Remember AMA
It is not a meeting, it's like Justin deciding where we should go and what we shall do. It's a damn decentralized blockchain and Steemit inc already received millions of dollars for being part of it.
No offense. I appreciate what Steemit developers did in the past 4 years. But now Justin decides what community wants. On day 1 he announced there will be a "token swap" without knowing what we want. Now I wonder who agreed on "Cross-Chain Atomic Swaps"?
If you want to work together with the community, it's not the proper way.
explain what is Cross-Chain Atomic Swaps in detail but laymen terms
Explain role of Ned today
number of steemit incs core team members
how big is the Tron team you are communicating with
steem is the better chain with 3-second fee-less transactions and mass scalability, why would one who understands steem even consider bringing that on the weaker tron chain. Shows someone didn't even understand what he bought and publically announced on twitter.
how big are language barriers? English is not a very difficult language.
next steps
now that you seem to have enough funds, will the programmatic selling stop immediately?
This is great progress! I think if the Steem and TRON community can find away to work together in a constructive way, there is a bright future ahead for us. We need to attract more and more users to Steemit and positive messages about the cooperation and the joined roadmap for sure will help us get there!
the last thing we wanted to do was give you inaccurate or untruthful information
Hey, good to hear.. Got plenty of that these last few weeks. lol
They see the Steem blockchain as the perfect addition to this ecosystem.
I dont see TRON a good addition to the Steem ecosystem but wer stuck together so we will take them.
Welcome TRON to the Steem ecosystem.
Cross-Chain Atomic Swaps...
That sounds good. It doesnt exclude fuckery from Justins part but its a good step int he right direction.
Hopefully, everyone remembers that only by acting and "showing our teeth" did we manage to force Justin to flip his rhetoric on its head.
But..nothing is over till code is in place so we need to keep on our toes.
I hope and believe that there
the two teams must work together for one purpose: the progress and success of Steemit! Cooperation with Tron is an opportunity for a great acceleration towards mass adoption!
the new beginning that Steem so desperately needs.
I'm calling bs on that, other than stinc not delivering smteees! and 'communities' being better than nothing at all for the true belibers that are currently holding Ned, et al,'s bags, we were progressing just fine after we forced HF 21 onto the chain.
Delivering long promised code that has already been paid for is supposed to be par for the course, not super amazingly, stupendously, death defying lying to us about the reality behind the curtain, eh?
could help Steem and TRON explode into the mainstream
Unlikely.
Honest, responsive leadership will do much more for us, IMO.
Who sets the exchange rates on these 'atomic' swaps?
I can virtually taste the salt from the cummulative groans this will cause.
It's an idea I'm down with and a concept I already started applying through binance to exchange my coins. This Union will be huge for all of us and this sort of collaboration is what cryptocurrencies need.
I'm still not seeing exactly how this is financially beneficial to anyone. It still feels like an uninformed purchase where the new owner is now desperately trying to find a way to justify the purchase.
Like the modern artist: Paint random nonsense now, justify in the description later. I actually won a competition doing that once.
This would be the first time in history that two blockchains of this size will be connected to one another so that tokens can flow freely, and voluntarily, between the chains without the need for trusted intermediaries like exchanges.
This is how I imagined it should work as long as it's done properly.
@steemitblog, We are eagerly waiting for the Town Hall Meeting Session team. Hope that this session will going to clear up the Environment Of Confusion and both Steem and TRON will start a fresh and Mutually Beneficial Journey. Stay blessed team.
I like the idea of atomic swaps. I still think Steem is a superior blockchain. I wish I could be a fly on the wall when Justin call Ned asking why the steem witness's are fucking him lol.
There are over 60 billion TRX but less than 400 million STEEM. What kind of ratio would be used for swaps and would the ratio remain fixed even if the two tokens had different inflation rates?
I would like to address one issue and it's really simple, at least in my mind. Why Tron devs (or I can do it myself if you guys want it) are not creating a simple smart contract that will permit to people to use Steem VIA Tron, complementary as we do now with our Steem accounts. So the Steem blockchain could also handle transaction signed by the Tron wallets/users.
Technically we only need 1 and only 1 smart contract on Tron to be able to transact with the Steem ecosystem. And we only need a small change on Steem to accept those transactions!
From my opinion this is far the best option to keep those lovely chain as they are and permit interoperability between both of them. That will keep everything stable while giving an easy way to use/combine the Tron advantages with those of Steem.
This will not need any swap, any big change, only an a simple implementation in both side.
Edit : this option also give the possibility to have a dedicated TRC20/TRC10 for Steem on Tron. And basically we can give back the whole rewards for Tron users as SteemTron tokens or permit to users to swap their tokens at any time if they find it interesting.
This will work 100% and I can easily give more details if you are interested.
Obviously a marketting person wrote the post. Someone who has mastered being evasive and trying to spin garbage as something we want or can agree too. No matter how you spin it, Tron is still as Justin Sun Said, S___. The answer that Tron/Justin Sun refuses to answer is why the f___ do they need a steem tron coin. Now that the atomic swap has been mentioned, it brings up new dangers to the Steem chain. Still the same dangers of the new mintage for which Sun Tron has not given any info on, but certainly a backdoor to try to get behind the issue of the control that the consensus witnesses have; Basically an open invitation for more Ninja mining on Tron's end that gets instantaneously swapped over to steem. In a matter of seconds or minutes the CCP owns all 20 consensus witness servers. Whether he allows Steem to exists as a block chain is doubtful, but the chain will effectively be dead whether it exists as a BTSF of a block chain once it is centralized. Again, Why does Justin Sun need a Steem Tron coin? He really doesn't.
Since Steem is open source, and supposing he truly wanted steem's technology, he is perfectly capable of running his own Steem chain. He is perfectly capable of running his own fork of steem. So why does he drag us through this? The Chinese do Value Steem as a coin, but they don't value free speech. He wants control over that which he has no right to control, so he is trying to take over. He deserves the proverbial foot in the a__-but probably shouldn't for reasons stated later.
BTFS is not the same as a block chain from what I am reading. Just another system that allows Justin Tron and by extension the CPP to delete whatever content they don't like. The users of steem for the most part moved here because they hate censorship on twitter, reddit, facebook, and elsewhere. We know the Chinese have been financing and controlling a good portion of the American communications industries and shutting down our speech-Since bitcoin and other cryptos are basically banned in China yet they are the top miners, I think we can speculate where the crypto is going and why certain big tech CEOs and companies have so much of it.
Tell your communist party pussies that we aren't interested in the CCP depriving us of logos (speech and reason; personhood) or our other rights. Don't expect to win us over by offering us a centralized platform with less features and more censorship than the tech giants. We balk and will walk at such a prospect, just as we balked and walked from Big tech.
Nor do we want our dapps deleted because Sun thinks it competes with his ideas, nor for our ideas to be deleted at the whim of a court injunction from anywhere that has a mad dictator on the bench. It's bad enough trying to kick the family court judges off the bench, We also don't want the mad dictatorship of the Chinese communist party controlling STEEM. The moment that speech and reason (logos; personhood) has ended, it should be without question that a controversy is ripe to transmute into a state of war to regain our humanity. How many a__es do we have to kick to be able to speech freely these days.
Nor do we want a theft by dilution through the new steem tron coins, nor do we want a sell off because of the air drop to tron. If Tron users wanted to participate in steem they would buy their own damn coins and use it. If we wanted to use tron coins, we ah...they are just as advertized but useless in my garden. We don't want Tron. Sure if Sun gave us 100 million tron I am sure we'd dump that s___ for bitcoin or USDT. We don't want to sit in the shadows of an inferior chain that no one wants to use, that no sane person would want to use, and that Mr. Sun readily abuses. If trons "decentralized" solution to everything is a centralized database, even the poorest of developers are better off to buy a $35 raspberry pi. It seems prima facie to be a fraudulent act to call tron an enabler of decentralized platforms or that it is capable of running dapps. You admit it yourself, it runs BTFS. A database that Sun/Tron ultimately controls. Nothing decentralized about it and something Sun can alter on a whim-Even if steemit remains on a steem chain he could still do the same when he replaces the consensus witnesses.
If Ned Scott promised Justin Sun something that he had no ability to offer, we'd support Justin Sun Suing/pressing criminal charges against Lame Duck/sell out Ned Scott to reclaim his property. If that wasn't the case, Tell Justin Sun to take his worthless steemit dapp and leave the steem chain for good. We'll use palnet or many other interfaces. It's not like it is complex writing a social network; especially one this small. The biggest obstacle is marketing and getting users. So far, all Justin Sun has offered us is a message to stay the h__ away. Why the hell should any of us invest in Steem at the point with Sun trying to take over. The Sooner Sun leaves the chain, the more stable the future is for the chain, and the better it is for everyone. So get Lost Justin. Target Ned if you don't get what Ned might have promised you, not us. If you want to be made whole for Ned's dealings, don't leave us on empty.
The private users of Steem developed the interface far better than all the millions of dollars and Steem you[steemit] pissed away over the years and obtained through fraudulent means (ninja mining). All those millions, and even your web APIs are broken for the basic necessities where developers have to find 3rd party work arounds. We don't need you and we don't want you. Be Gone, get lost, get the hell out of here. Stop wasting our time. You are a bunch of irresponsible sellouts and we are better off without you. I'd tell justice sun to go Fornicate himself with an iron stick, but since he lives in San Franscisco he'd probably enjoy it and he'd probably invite his daddy and big brother and call upon his ancestors to watch all kissy kissy.
So on that note, tell him to return to his childhood home and stay there a couple months. I think it would cure all of our problems, Have a 电晕啤酒病毒 on us.
Eli Powell, feel free to get a new Job. You are clearly not a developer. Tokenizing the web is crap. Even Justin Sun proved that point when he suggested a warrenbuffet coin. There are tens of thousands of erc-20 tokens, many more wave tokens, also have tron tokens, even SMT and steem-engine tokens and many more. Digital tokens existed decades before then. I would dare say that warcraft and runescape gold have more value than most crypto tokens-and they are database driven. So I fart in your general direction if you think the Steem Chain should join Tron's campaign of copy and paste what has been tested and failed tends of thousands of times. Its the classic definition of Insanity-as old as if not predating Sisyphus. @Aggroed already did that for the steem chain anyways on a side chain. So really you are moving the chain backwards if your goal is to play catch up to what independent developers have already done on steem.
The future is in DAPPS, that means things besides tokens and blogs. Things that independent developers of steem have already done on a voluntary basis. You and Justin Sun have been made obsolete by technologies showing the steemit team hasn't evolved in 4 years, and you are pissing away what Steem is capable of. Please, Go Away! Are there html files, images, pdf files on the steem chain? Absolutely. Just one change in a line of code, any anyone technically could store videos in a steem dapp. But do go on, please tell us how the future is tokens and CCP centralization. Just let me eat more [vegetarian] beans first.
I see developers aren't allowed-unless they are a top 50 witness. It is not about what can be done with steem, but purely about control of the chain. Something you should never be allowed to have. You are owned by tron and the CCP now, please go bye bye. You are a pawn of the enemy of the free people across the Globe. Don't let the door hit you in the butt of your way out; s___ splatters and we don't need the mess you guys leave behind.
Alright. So this has some good news and clarifications at least. I'm glad to hear that the news we've been hearing of plans for a "token swap" now comes down to atomic swaps that I understand is a 1:1 pair where you always have the identical number of tokens on each chain, rather than this being some new token that we are asked to trade in our STEEM in exchange for (as many have feared). This can be cool, as it practically means that there'll be opportunities for Steem dApps to utilize smart contracts if they want to, while others won't have to deal with Tron if all they need is already on Steem. Great. That settles a lot of concerns people have had.
My main question is to what extent this is likely to benefit Steem or Tron the most? Is adding value to STEEM still the main priority of the team? Or is there now a conflict of interest where the new owners benefit more from Steemit developers helping grow the value of TRX? In that case, is the Steemit Inc stake, which is promised to be used to grow Steem, still going to be used explicitly for that purpose?
Many questions still left to answer, but at least I feel a bit better from this post.
So basically “Steemit joined Tron Network” = there will be a DEX between steem and tron currency.
At least the chain stays as it is. Good.
I hope all the fuzz words the team throws on social media these few days is because they see the value of Steem ecosystem and would be willing to invest some marketing resources (yea, have to admit that’s what we lack atm on Steem) on the chain (yay something like pump steem price 10 times would do.... jk) not just to make tron ecosystem sounds awesome.
A late 80's early 90's cereal commercial comes to mind when I hear that inside my head. If we're going mainstream with that though, we might have to hire Mr. T to say it.
I have two questions I'd like answered at this meeting.
What the hell is a Cross-Chain Atomic Swap?(Never mind. Thanks Google.)
the best way to progress our missions and add value to one another’s stakeholders is to connect our two powerful blockchains through Cross-Chain Atomic Swaps!
Yes, a bridge between the Tron and Steem blockchain, that is the best next step, I think. With Steem adding SMTs, being able to swap chains, make it so!
Cross-chain atomic swap, sound to be the most likely to push both tron & steem to the best destination we all wish this blockchain to be. This would boost the users with ease transaction & incentivize steem in many ways. We hope the Town Hall meeting comes off & going to experience much.
Interoperability due cross-chain atomic swaps may be not a key to onboard the masses, but it can lead to a network with more value of usage. Connecting two networks leads to a bigger network with much higher value following metcalfes law. However a mass onboarding requeires an easy usage of that entire network. We will not onboard anyone if he has to know what an atomic swap is.
Thanks for agreeing to meet prior to the Town Hall so we can lay out our intentions, expectations and hopes and all get on the same page or at least - in the same book where the pages are read. I think ultimately, the same goals are aligned for both chains in the cryptospace. But the softfork shows concern for our blockchain due to the lack of communication and, I haven't been here as long as others, but some bad blood appears to need to be let.
You use word swaps again, isn't "linking" the chains, more fitting? Unless I don't understand what is meant by Cross-Chain Atomic Sawp, jeeez sounds like term from scifi movie xD
I think this is great news, I have always said it will great when we can more chains work together as one system. I mean let's see whats actually comes from this but it is so far some good news
Is there a case to record the whole meeting so that both Steem TRON communities have an idea what's going to take place the next few months rather than just reading a report?
How many witnesses participate in the Pre-Town Hall meeting? I think witnesses need to come up with a solution for Steem and Tron Blockchain to coexist as a parallel chain.
Polkadot and the web3 foundation have been working on connecting blockchains so this is by far a first, they are also way head. I still dont get why steem is not part of that.
The word swap, rather than exchange pair is rather worrying.
I think tron and steem can be strong together and there is potiental, but it will be easy to mess it up, and fast.
This will keep Steem sovereign and boost both ecosystems. Bitcoin and litecoin did it, now making a blockchain like Steem, connect to a general application blockchain like Tron will be very cool.
Sounds good. I think we would need more information on the Cross Chain Atomic swap. Are people going to transact / upvote using Tron as well? or will steem would be the sole entity for it?
This would be the first time in history that two blockchains of this size will be connected to one another so that tokens can flow freely, and voluntarily, between the chains without the need for trusted intermediaries like exchanges.
Well that is just straight false, but it definitely fits the established pattern of hyperbolic marketing that both Tron and SteemIt, Inc seem to engage in.
As far as the meeting "invitation" goes, 9PM PST is a little more than ridiculous. If we are trying to get a time when the majority of time zones can participate, I think those in China could get involved before 1PM in their work day.
Finally, Justin Sun has promised "airdrops" or some other token distribution to TRX holders. Why is there nothing similar being mentioned for STEEM holders? Really kind of comes across as TRX holders being the ones Sun cares about not both blockchains equally.
