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How are all my Chicken Littles doing?

chicken-little-sky-falling.jpg

To anyone who thought the AMA was actually going to answer a single question.

How are we feeling today?

I mean, I guess they assured us that everything is slow moving and not set in stone. Some of the users here think the stink we made over all of this is what caused Steem to not be immediately taken over by Tron. I think that's a pretty self-important attitude but whatever.

Although a part of me does think that we're being tested. Everyone at the top knows what's going to happen when you make vague doomsday statements like that with no explanation. Yet still, Ned, Steemit Inc, the Tron Foundation, and Justin Sun just let it happen... caused it to happen... on purpose. Does Ned get off on trolling everyone and stirring the hornet's nest? I have to assume so. Kid is getting high off his own supply. Such a pretentious troll.

Why does a company buy another company?

Sure, there are a lot of reasons, but the obvious core foundation is obviously to increase profit margins. Everyone is so worried that Steem is going to be stripped bare and all the value is going to be leeched from it.

There is no value to leech.

This is not a traditional corporate acquisition. Steem has no value if the owner of Steemit.com tries to strip it down and extract its lifeforce. We are too small. Steem needs every piece that it has otherwise it's quite pointless.

But he's eliminating the competition!

There is no competition. DLT is cooperative. Steem isn't "taking business" from anyone. It's an open source platform. Steem being dismantled isn't going to make Tron any money.

We should be glad this is happening now rather than when the network has a market cap of multiple billions. Justin Sun has to play nice with the gloves on in order to get what he wants out of this acquisition.

Profits

So how does one extract profits from Steem? First off, take a look at the position that Steem is in. Sure, we aren't in "survival mode" anymore, but it's not like we have a supply of excess funding for development and marketing. Guess who does have funding.

Tron.

Obviously. So if you're Justin Sun you're thinking, hm I can inject capital into this project and scoop the lion's share of the profits that come out of that investment. This is a situation that happens all the time, and it can often be a win-win situation for everyone involved. The synergy of the merger is far more valuable than any of the drawbacks.

Conclusion

We shouldn't worry about Tron stripping the value of Steem because Steem has no value to strip. We aren't as valuable as we think we are. We should get over ourselves. The sky isn't falling just yet, although it is nice that we have so many doomsday preppers ready to hunker down at a moment's notice.

Steem Witnesses be like:

HEY THERE ARE NO SETTLIN' DOWN! THIS IS BLOOD FOR BLOOD! AND BY THE GALLONS!

THIS IS THE OLD DAYS, MAN THE BAD DAYS! THE ALL OR NOTHING DAYS! THEY'RE BACK!

THERE'S NO CHOICES LEFT! AND I'M READY FOR WAR!


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How are all my Chicken Littles doing? was published on and last updated on 15 Feb 2020.