#steem

Article States That Justin Sun and Tron will Acquire Steemit

https://globalcoinresearch.com/2019/12/09/breaking-justin-sun-and-tron-to-acquire-steemit/

For the record, I am totally spreading an unconfirmed news report. However, it certainly is fun to speculate about it. I have no inside information and have not seen this story confirmed or denied at this time. Of course I consider the story and whether it is true or false. All news is good news!

For fun I decided to buy the rumor and picked up some Steem for the rumor pump.

According to Chinese media Mars Finance, Justin Sun is looking to acquired Steemit, a part blogging platform, part social network, that rewards contributors with Steem tokens. Steemit was created by Ned Scott and EOS founder Dan Larimer. The team launched the social media platform Steemit as the first application built upon Steem blockchain.

Personally, I would not mind if someone like Justin Sun who has visibility and assets purchased a controlling share of stake or perhaps the article means he might purchase SteemIt, Inc.

I also want to say the article is very scant on any details or facts, so it could totally be fake news. Also based on our branding it is hard to tell if it means Justin would try to acquire a controlling stake or the company of SteemIt.

In any case even if it is a rumor, it's a fun one. It would be an important merger/partnership between two projects which is exactly what I am expecting to see in the near future. Projects starting to combine resources, communities and other points of synergy.

In my opinion our biggest problem is lack of visibility and marketing and everyone knows Justin knows how to do both.

Sure will be interesting to see how the story pans out, I for one would be fine with the news, if it turned out to be true.

How would you feel?

@whatsup

Comments · 50

@rok-sivante(77)· 2445d
That’d certainly be a nice Xmas surprise and an optimistic start for the new year...
@enginewitty(78)· 2450d
Steemit Inc. is a business and if they choose to sell, who knows? Maybe it'll be for the benefit of the entire Steemisphere? My question would be, is if Eli and Andrarchy and others are under contract, do they come with the package?
@trendotoken(59)· 2451d
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@winstonwolfe(72)· 2451d
This post has been featured on THE WOLFECAST - Episode 01 :: Steemit 4 Sale? :: Steem Elevator Pitch Contest :: Getting Caught Up.
@crypto.piotr(65)· 2452d
Hello dear friend @whatsup.

Recall that crypto in general, are finance. It is true, the camp of applicability in the social, technological, health, entertainment, etc ... is infinite, but basically it is all about finance.

Then we must understand that the world of finance is constantly developing strategic partnerships. Everything depends on creativity and the genius of entrepreneurs.

A good market and feasibility study will lead to successful decision making.

In this case, if this association were true, it would be good news for Steem Blockchain.

Thanks for sharing.

All best, Piotr.
@adetorrent(78)· 2452d

According to Chinese media Mars Finance, Justin Sun is looking to acquired Steemit,

Spelling error. Unfortunate sign of fake news.
@videosteemit(62)· 2453d
True rumor or not, time to spread the gossip. Free buzz to get the cryptosphere more aware of whats goin on here. And steemit isnt steem, so im good with the additional stability if they want to own the largest stake in the blockchain.
@battleaxe(70)· 2453d
mixed bag, change is desperately needed and at least some good changes seem to be taking hold of some overall behaviors on here which is crucial to onboarding anyone. However his involvement in a few things is sort of "interesting" but who knows, could be the shake up needed and things are heading to KYC anyways https://cointelegraph.com/news/tron-founder-justin-sun-admits-investment-in-crypto-exchange-poloniex
@peppermint24(67)· 2453d
I swear - Haejin is Justin Sun :)
@steem-plus(74)· 2453d
Hi, @whatsup!

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@ocupation(71)· 2453d
I wouldn't mind it, despite the fact I favor current steemit team I somehow think they haven't build sustainable business and should seek for a partnership
@steemmillionaire(70)· 2453d
Hold on! I was sure that Samsung will buy Steemit... How can Justin Sun buy something that is already sold?
@arcange(79)· 2453d
Congratulations @whatsup! Your post was mentioned in the Steem Hit Parade in the following category:
- Pending payout - Ranked 4 with $ 40,75
@clove71(77)· 2453d
I think it will be awesome! I hope it is true! That is why Steem Monsters changed their name to Splinterlands awhile ago for the TRON integration. I am excited!
@healthiswealth(66)· 2453d
I'm with you @whatsup. With this "News", I see STEEM pumping to at least $1
@fenngen(72)· 2453d
Yes, the marketing might get better but what about decentralization? Have you forgotten the co-founder of Tron left the project this year because he said it was no longer decentralized? Source

Also "32.6 billion Tron (TRX) worth approximately $744 million are not in circulation, indicating that they are held by the Tron Foundation. Notably, Justin Sun is the Founder and CEO of the Tron Foundation.." Source.

In my opinion Tron means danger to this platform.
@leralissi(5)· 2453d
😮😮😮

Posted using Partiko Android
@blazing(71)· 2453d
if that turns out to be true that would be scary
@skramatters(67)· 2453d
I sold at the 13 cent peak and topped up my doge bag!!! Winning!

Posted using Partiko Android
@ash(74)· 2453d
people still use steemit.com? oof. it would be cheaper to just hire an UI/UX dev and make your own frontend. But on the other hand, Sun isn't known for good business decisions
@theguruasia(69)· 2453d
@whatsup, I think they mean $trdo instead of #tron lol :D

Cheers~
@aaronhawk(57)· 2453d
I don't know what to think about this...
@stackin(78)· 2453d
🤷🏼‍♂️😂

Posted using Partiko iOS
@heroic15397(62)· 2454d
It may really be happening. Justin Sun and Ned Scott have been tweeting back and forth about partnership before.

Last Friday, LoMoStar (a Chinese app) has been announced to have been bought by a Russian gaming company and now we'll have our LoMoCoin swapped for Lemon Game tokens, so I wouldn't be surprised by another M&A.
@enforcer48(75)· 2454d

How would you feel?

All depends on whether or not our stakes will be invalidated.
@technicalside(77)· 2454d
Is this true or fake news now??
@drakos(70)· 2454d
The news gave STEEM's chart a boner!
@coininstant(69)· 2454d
I would feel relieved if he bought it! If not him somebody will!
@sgt-dan(66)· 2454d

Hoping for the best, planning for the worst.
Let's watch the external buy and sell volume on the exchanges. Could be an indication of the truthfulness of the cited article.
Hey, there are always folks with insider information and they may just show their hand. I would take a hard look at the author of the quoted article though and his journalistic reputation.
@sgt-dan(66)· 2454d
!giphy happy confused
@techcoderx(67)· 2454d
This has got to be fake news...

Anyone remembered a time where someone said Samsung bought Steemit Inc? 🤨
@elgeko(74)· 2454d
@steemitboard(66)· 2454d
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You got more than 29000 replies. Your next target is to reach 29500 replies.

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@stever82(74)· 2454d
Wow that would change a lot for us.
@abitcoinskeptic(75)· 2454d
Justin Sun is a nobody to noncoiners. To those with cryptocoins he is mostly considered a successful, but scummy marketer.

It will boost price if true, but it won't actually make steem any better unless it attracts developers and development. Looking at Tron's other projects I doubt this could be a long term good.

If he buys SteemINCs stake, a fork to remove ninja mined Steem should happen. Play both chains or sell one and stck with the other.
@cardboard(65)· 2454d
@tipu curate Now, I really hope that if it's true, he won't just milk the platform or use it to fund/shill his other projects... Anyway steem and it's community is pretty resilient so even if he decides to dump it, we'll still be here :)
@patrickulrich(70)· 2454d
The earliest mention of it I've seen has been a Russian site but am sure there may be earlier mentions. Even if it's false it'll be fun to watch it spread through crypto media.
@mickvir(68)· 2454d
Funnily enough I was just thinking about how a partnership with Tron would be good just the other day. I mean look at the success of @splinterlands. Tron is know for its games and a partnership with a blogging platform where players can post game reviews and walkthroughs. I mean really it just makes sense . And with the launch of SMT’s and communities on Steem as well as NFT’s on @SteemEngine , there really is no better time then now.

Posted using Partiko iOS
@gniksivart(69)· 2454d
Well it’s understandable to me, why else would aggroed (name dropping to add more fuel to the fake news fire) use tron services for fundraising and accept tron via splinterlands if the witnesses and stinc weren’t wanting to sell to Justin.

Also makes since Tron is the one who will be partnering with SMTs to create a tron backed Steem token!

It would be a good way to compete with EOS to acquire Steemit before voice is launched on the EOS platform. Beats trying to compete with their warchest when you can just buy a proven product for cheap and use your marketing skills to improve its position.

I can do you one better since Ark has a presence on the platform. Tron is working with Ark and Steemit to “combine blockchains” so that when either platform becomes congested in the next bull run they ark will be able to figure out the cheapest blockchain to run the transaction on at that time and make it happen seemlessly allowing resources for either blockchain to be used by either blockchain and therefore integrating a tron reward pool on Steemit as part of the deal. Verified by no source whatsoever.
@markkujantunen(77)· 2454d
Seriously, this looks like fake news like earlier this year.

But who knows, the price of STEEM has been low for a long time and Steemit, Inc is a private company. Who knows what the state of its finances is. But I consider that less likely that this being all fake news.
@markkujantunen(77)· 2454d

How would you feel?
@soyunasantacruz(78)· 2454d
Very emotional @whatsup, full of expectations, although I don't know who that guy Justin is. If you're happy I'm happy. hahahah
@preparedwombat(79)· 2454d
Steemit is not Steem.

Between @steem, @steemit, and @misterdelegation, Stinc has about 60 million SP. Add to that a few other accounts and X STEEM on exchanges. Some big accounts like @freedom are question marks.

Overall though, Stinc has ballparkish something like a quarter or maybe a third of outstanding Steem.
@whatamidoing(72)· 2454d
Well we'd pump ....before we dumped

I think it'd be good for any of us looking to get rid of our steem at a better price. Can't imagine it being good for the mid or long term future of the platform.
@enjar(79)· 2454d
I have no issues with it. We need some big news to get some eyeballs and that would sure do it.
@chekohler(76)· 2454d
Well isn’t that an intersecting turn of events, if he can bring steem into the Chinese market more power to him, I’ll be sitting pretty on my investment
@lordbutterfly(80)· 2454d
Pretty sure that wont happen although i wouldnt be surprised if he tried. Whats Steemit.inc stake worth nowadays? 10-15 million USD? Buying the company and liquidating it would not only kill a legit competitor if he got the company cheap but it would allow him to shill TRON more via Steemit thats by far the biggest and most successful crypto dapp.
@overkillcoin(71)· 2454d
Hostile takeover??? :O

Or am I just getting all... _Dramatic
@dalz(81)· 2454d
Not sure what to think of this :/
@inertia(75)· 2454d

Comments · 50

Hoping for the best, planning for the worst.

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