Right now it’s interesting to see the reactions on Steem, who’s powering up and who’s powering down. It’s a bit scary to be honest, seeing high profile Steemians powering down all of a sudden with the news that TRON has bought steemit INC.
So the people powering down do they know something we don’t ? That is the question I ask myself.
I’m thinking there might be a lot of reasons why people are powering down. Firstly the announcement was as shock, and chocks usually have that affect, people get scared when you don’t know exactly what is happening. The instinct is to prepare for the worst. Hence powering down.
We don’t know a lot of about Justin Son, just that he is the founder of TRON and that he is the CEO of BitTorrent. Also you might remember that Sun placed the record-breaking $4.5 million bid to have a private lunch with Berkshire Hathaway CEO Warren Buffett in June 2019, before cancelling it to widespread surprise. The unknowns of Justin’s motifs here and the lack of knowledge of who he is certainly causes a bit of anxiety.
In the end this is where I stand; do you buy a company to run it into the ground ? I don’t think so. You usually buy a company to expand it to create synergy, this is what I think is the reason for Justin buying Steemit INC. I’m actually optimistic, Steem has needed recognition, and it has come. It was the perfect timing to buy Steemit INC and let’s face it some new blood is needed for Steem to get moving to the next step.
Let’s hope I am right. Because for the moment I am not powering down, I am however closely monitoring the situation. How about you, what do you feel and think about these changes ?