RE: Teach the controversy: Softfork 0.22.2 // Stop and Correct // Potential futures by phgnomo

Viewing a response to: @mattclarke/re-aggroed-q6duqk

witness · @phgnomo · Feb 28 '20

That's not how the real world works.

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@mattclarke · Feb 28 '20

I'm open to being corrected, if you're open to being a little more specific :)

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@phgnomo · Feb 28 '20

Fair enough.

The base layer of Steem blockchain is the social layer.

For a social layer to be used they need people.

Two things attract people: Money and Marketing.

A aggressive separation from Justin Sun/Tron means that all the blockchain will lose all the financial support (since Steemit inc. was the financial support) and therefore, drastically reduce the reach of Steem.

While we can all dream about a ideal place where things would be fine, that is not how the real world works.

👍 cryptogee

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@mattclarke · Feb 28 '20

$0.05

Was Steemit INC a source of financial support, or a drain on the price? 
Dumping 800,000 STEEM on the market each month to pay themselves didn't feel much like 'support' at the time. 
If anything, the chain was supporting the business. Admittedly, the business was coding improvements; so you could make the argument that upgrades to the chain would grind to a halt in their absence (SMT code is ready to ship, afaik); but I have absolute confidence that the chain would be fine, maybe even better off, with that ninja-mined stake off the field.

👍 shoemanchu, stevescoins

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4 replies