#steem

QQQQ: JUSTIN, WILL YOU USE YOUR STAKE TO VOTE ON CONTENT OR FOR WITNESSES?

One live feed and one very lively Steem community today - it seems that for now, it's business as usual.

Original Steemit inc team stays in place
SMT to be released 'soon' (no change)
No plans for now to vote with newly acquired stake on content or for witnesses

Yesterday I was pissed. I hit the powerdown button after months of buying STEEM and vesting the majority.

I didn't want another chain, new rules, and a risk of 75m SP turning active and diluting the shit out of everyone's votes.

And then I listened to the AMA today with Ned and Justin. As it turned out, it wasn't an AMA, it was an ask me and I'll cherry pick a couple of questions from places I didn't make clear prior to the the AMA. However, after spamming the dlive chat with the question put forward in the title of this post, there was an answer.

It seems J Sun has bought a lot of stake in something he's not fully aware of.

S-E wha? Splinterlands wha? Steem-DAO wha?

There was nothing on these subjects, but at least we got to know which Chinese new year our old and new majority stakeholders were born in.....

We also got told that the plan is to do nothing. Nothing is good. No voting on content with 75 million SP, no voting on witnesses with 75 million SP (and totally dominating who's block producing or not) , no apple cart tipping at all. This is a result in my opinion.

Following the AMA, Aggy hosted 4 hours of community chat. I'm grateful for this and feel much better after the fact.

We are ahead of the times with regards to blockchain governance, there are code-red plans in place if need be, and I'm happy enough having really lost my mojo yesterday.

So, steem on as you were xxxx

EDIT: More news today :/

https://twitter.com/justinsuntron/status/1228971875851632640

Bah.

Comments · 33

@trendotoken(59)· 2380d
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@arcange(79)· 2381d
Congratulations @abh12345! Your post was mentioned in the Steem Hit Parade in the following category:
- Comments - Ranked 7 with 89 comments
@ammonite(73)· 2382d
I really don't understand his latest Tweet. So we are all going to move to Tron now? Does he even know how Steem Governs itself. I wish him luck if he respects the Steem community but if he thinks that it will change to suit him he is in for a big disappointment.
@tamiil(69)· 2382d
Justin just announced that token swap and migration is happening, what's that about? Didn't he just say it's not on the agenda for now? It's like suddenly everything's moving forward again, but he's the only one with the details.
@rhondak(68)· 2382d
Thank you for this post, Asher. This almost perfectly sums up my own experience with the AMA-that-wasn't and my feelings after the community chat.

The last time I saw this much engagement and energy from the Steem community was at SF3 in Krakow. Since then, conditions with the platform went into decline and, while I didn't leave, I withdrew to focus on building my own real-world project that might or might not eventually include the Steem blockchain. This development makes me very glad that my team didn't invest more in a front end specific to Steem, but also gives me a tiny glimmer of hope that something good may come from this after all, even if it's a rallying force to keep the spirit of Steem alive in the face of what could be our greatest adversity ever...or our greatest leg up to mainstream adoption. Time will tell.
@afiqsejuk(59)· 2382d
Oooo..I am in third place among the luckiest of followers on the picture! I wonder why he rewarded the tokens as I don't know whether I would be using dlive again after watching the live stream.
@wakeupkitty(72)· 2382d
I cannot say I see it more positively now. Perhaps it is for you. You get plenty of I voted but the majority does not, no matter what they do, write, join. 🙁

It won't take long before I can quit hosting a contest. Happy Sunday. 🤐
@nickyhavey(74)· 2383d
I was in the same boat and triggered a PD as I was reading a lot of negative articles about things but knew it could always be canceled if I felt better following the AMA and witness chat.

I read pennsif's news post today and there is a lot of optimism which made me feel good again so have stopped the powerdown. Probably would miss this price action by the time the first return to liquid would happen haha.

Things will become more clear over the next month or two but I think there is a steep learning curve for Mr Sun judging by his conversations yesterday - "it's steemit right? It's SMTs right? Battery is running low, gtg"
@simplymike(69)· 2383d
Just like you I've hit the Power down button for the first time I'm here. I feel a tiny bit better after listening to a big part of the witnesses chat, but definitely not safe enough to cancel that PD again
@uwelang(79)· 2383d
Resteeming to support positivity. Who of the experts had drained battery?
@steem-ua(64)· 2383d
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@por500bolos(68)· 2383d

A & E
####
^{"Arts & Entertainment"}
@yogajill(67)· 2383d
Indeed. Appreciate this overview Asher. 😘
@bil.prag(76)· 2383d
the stats for this few weeks will be interesting to see. how much new acc, powerups, powerdowns, interactions... :)
@geekgirl(80)· 2383d
lol, I hit the power-down too yesterday. So you say it is safe to cancel pd "for now"?
@traciyork(75)· 2383d
Other than hitting the power down button, I was reading your post and nodding my head like...
via GIPHY
Side note, even though it made me feel dirty, I signed up for a DL1ve account moments before the chat (on the off chance I got to type a question (in fact I'd just copied the "QQQQ: JUSTIN, WILL YOU USE YOUR STAKE TO VOTE ON CONTENT OR FOR WITNESSES" right before he finally answered it...lol). The fucking platform used the password I picked FOR MY USERNAME! Better yet, it won't let me change it for something like 30 days! Needless to say, I changed my pw immediately (it's a throwaway one I change up each time I sign up for something silly like this). Like I needed another reason to hate DL1ve... 😮 😂
@glenalbrethsen(71)· 2383d
Hey, @abh12345.

Okay, so I wasn't wrong about your posts yesterday—it's not been that often that I've seen you fired up (infact, I'd be hard pressed to come up with an incident—you're usually trying to defuse me the few times I get worked up. :)

As it is, though, I think you, and everyone else, were well within their rights to not be so keen on a Justin Sun takeover. I can't say I am. If he does end up leaving things as they are, but actually marketing and financing projects, great. I think I'm in watch and see mode, since Steemit Inc.'s track record on things, though greatly improved, still lingers back there, and Sun is more of an unknown quantity.

His reputation here on STEEM is kind of like what STEEM's is out there, so we'll see how that all goes.

On a topic that's not at all directly related to this post—I do have to say that even though Ned has been largely absent from things (which was better for everyone as a whole), and some have been saying he's had his revenge the community for everything they ever said against him for selling out, off, whatever—I'm glad he stayed on as long as he did instead of Dan Larimer.

Larimer has the technical genius to put some pretty magnificent blockchain work together, but what they're doing with EOS and such is not what I'm so interested in, even if VOICE turns out to be a hit. I kind of like this dysfunctional little family we've got going here, with our grassroots workarounds and so forth. :)
@azircon(79)· 2383d
You powerdown or no powerdown not that important in present situation. It’s mostly personal risk tolerance and exposure. You know the thing I am liking the most is that the 6 steeminc employees now get paid by Tron; so they perhaps do not have to sell steem to meet their salary requirements! Hey, I am happy with that. In the meantime I have trust in the core developers like gtg, and smooth, and cool heads like blocktrades that the nuclear option is always there IF that is ever needed.

Other than that it’s business as usual and we may even get some media attention.
@enjar(79)· 2383d
TLDR: He thought he could walk in here with a big pile of money. Tell people he pays dapp developers a salary and noticed his laptop was low battery and had to go. There was no guitar playing by ned.
@rentmoney(77)· 2383d
I think its obvious the end goal is Steem(it) on Tron. For me its not a matter of are we going to tron but when.

I'd be surprised if he doesn't elect at least one or two of his TRON team members or some other cherry picked person as witinesses with his vote. Will that happen before or after the move to Tron is the question I have. Will Steemtron even have or need witnesses?

I'll likely put my thoughts down in a post tomorrow sometime. For now I'm just browsing the topic of others. One thing is certain, its an interesting time.
@josediccus(83)· 2383d
I have almost 17 k steem and that's currently my life everything. Sad but true maybe I'll Just take like 25 % off and buy another coin
@riverflows(82)· 2383d
So you did stop your powerdown, right? Coz I just copy what you do man, and if you're powering down, I am too - lol. You know, every time I have hit the power down button I've cancelled it like a day later. I am giggling at your hissy fit though. I would have loved to have been a fly on the wall when you threw your hands in the air.
@abitcoinskeptic(75)· 2383d
I think Justin knows exactly what he bought and exactly how steem works. Let's hope for the best.
@buggedout(77)· 2383d
If the Code Red Plan is there and we are watching that 75 million SP like hawks then maybe we can avoid the M.A.D. scenario that many of us fear.

A bit of brinkmanship and education for the new Steemit CEO is required - that's all :)
@tattoodjay(83)· 2383d
Good to read your take on the AMA thats what I took from it as well
@azircon(79)· 2383d
Dude! Today is the first time I felt the myth you described to me many times in the past. How it was in the early days. Humans coming together talking, engaging on human things! I wasn’t here in the early days and didn’t know the core group, so never experienced the myth. Today I did. You may say it is not as electric as early days, and the outlook is “survival”. But I don’t care. I have seen what “community” and “engagement” means today. I am grateful for it. I am here till the last block is produced! If someone need to be there to turn off the light, I will be there! But I am sure that day will never come. Never sold or powered down a single steem. Never will
@curatorcat(72)· 2383d
I don't know so much about the context of blockchain/cryptos, but I know a little about "value investing."

So you buy a company with promising assets that's pretty much going nowhere for very little. In this case, including control of 75M Steem/SP at 25 cents apiece.

You put your considerable financial backing, other resources and marketing machine to work on your new acquisition.

It suddenly becomes something, rather than floundering. 18 months later, your 75M Steem/SP are sitting at $10 per Steem. Even if you threw a ridiculous sum like US $100M at development and marketing, you still hold more than a half BILLION dollar profit.

Not so shabby...

Nobody (that I've noticed) seems to be even thinking about a variation on this scenario... yet it's how a lot of investments in the conventional business world play out...

=^..^=

Posted via Steemleo
@bashadow(70)· 2383d
I think the Monday Morning Quarterback reviews will be fun to read. All of us, (well the ones like me), know nothing people can say he should have held this card closer, or not said this or that, did you hear @ned backtrack on how much he sold Justin?I like the part where SMT's are going to be released next week, I think that was right at the end. I think it will take time before he does anything with steemit.

Maybe he just wanted a Social media type site for all the gambles and high risk people to have a place to chat, and maybe earn a few Tron/Steem/Token combo's. Something more World Wide than We-Chat or whatever it is in China.
@steemmatt(71)· 2383d
Of course the STINC team needs to stay in place. Tron needs them desperately to educate them and transition. I don't think that's a plus, just a given.

They're also essential to launch the SMTs which Tron would want because it'll be something to hype up on the marketing front. Wouldn't expect a change there. Might be a pump and dump though.

As for the voting, that's a plus if he's sincere. He did BS that his battery was dying to get out of answering more Q's when the AMA was clearly thrown together without an agenda.
@dalz(81)· 2383d
Hitting the power down ..... that bad ...eh.... :) I strugluled keeping my cool as well.
@stealthtrader(69)· 2383d
Lol you forgot MSTs 😂
@holoz0r(78)· 2383d
Is there a summary of that 4 hours of chat with aggy and friends?
@amico(67)· 2383d
@tipu curate

A huge hug from @amico! 🤗

^{^{^{^{#sbi-skip !trdo}}}}

Comments · 33

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