Viewing a response to: @glenalbrethsen/q650jo
Howdy again sir Glen! Yeah I didn't think much about his Chinese background until you mentioned it. That adds another concern and big question doesn't it? Wow, could this whole deal be any more of an unknown? Anything could happen!
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I've been contemplating a posts on it, but haven't pulled it all together yet. I wanted to see if I could find out first where the seed money came from for his earlier ventures. The ones for Tron are a little more transparent—a large investment fund in China for one—and so anyway. If we're looking for our definition of decentralization, which doesn't just mean a blockchain distributed over many servers potentially throughout the world, but the way things are also governed—then TRON is not decentralized. He pretty much pulls the strings, or Binance does, depending on who is more beholden to whom. I'm just not all that inclined to overlook all of the not-so-great things. Sure, STEEM could use some major marketing acumen, and sure, having Steemit Inc funded and secured, all great. But at what price? We're all of sudden talking about voting for witnesses and trusting in them and the Steemit Dev team, when both of those groups have been considered part of the problems, if not the main ones, we've had on the blockchain. Controlled by whales. Oh, how the worm turns. Now, they're all supposed to be our firewall in case something untoward goes down. I hope they all, or at least enough of them, prove to be up to the task. Decisions are hard when livelihoods and therefore people's families end up being thrown into the mix. Meaning, if Sun starts waving money around, like he has, or starts firing people, like he has in other acquisitions, supposedly because they wouldn't tow the company line, well, it's tough to find backbone at that point if it doesn't already exist. I've been concerned what witnesses would do if they were being harassed by their local governments or some other entity that doesn't want crypto to succeed. Now, I'm wondering what Sun will do if he doesn't get exactly what he wants—whatever that proves to be. He's very good at telling one group one thing, while going ahead with something else. He's done that quite a few times, too.
post_id | 84,639,955 |
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Oh great. Now I have all kinds of doubts! lol. It'll be interesting to see what happens. What connection does Binance have with Tron?
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[According to this article](https://cointelegraph.com/news/tron-community-in-uproar-as-genesis-coins-used-in-super-reps-vote) Binance controls 53% of the TRON network, however that works on TRON. Binance is a Super Representative, which is more or less the equivalent of a Witness on STEEM. I'm sure there are differences, but TRON is supposed to be DPOS, too, though there are probably differences with that, too.
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