We know that most in the cryptocurrency world do not understand the difference between Steem and Steemit. Heck, there are many on Steem who do not grasp the difference. The terms are used interchangeably even though they have different meanings. It is understandable since the terms mean different things.
Steem and STEEM along with Steemit/Steemit.com.
Nevertheless, the situation with Justin Sun is starting to garner attention. Obviously, he is a name that gets a lot of recognition. Thus, when he put out there Steemit, everything just linked the two.
That said, we might be seeing a change in how things are presented. The move by the Witnesses the other day was certainly done by Steem and was not Steemit.
The softfork got the attention of Coindesk. They put together an article that really captured what took place. Time was taken to understand the events leading up to it along with what was done. It even include a "why" in there.
The people who run the Steem blockchain executed a reversible soft fork Sunday, stopping one of the largest piles of tokens from voting. The move comes days after Justin Sun’s Tron Foundation acquired Steemit, the blockchain’s most prominent app.
"In these early stages the most important task for witnesses [Steem’s version of bitcoin miners or EOS block producers] is to ensure the security of the Steem blockchain. To this end, we have updated to a temporary protective protocol to maintain the status quo currently established in regards to Steemit Inc's stake and its intended usage."
To read full article:
https://www.coindesk.com/justin-sun-bought-steemit-steem-moved-to-limit-his-power
It is good to see someone who writes for the mainstream crypto sites taking the time to learn what is transpiring. The article also contained a good write up about how Steem works.
The last few weeks saw a great deal of publicity for the platform. Sun's purchase of Steemit Inc made people aware that Steem is still around. This latest action, which is getting a bit of coverage, tells everyone that Steem is separate from Steemit and will not take to being pushed around.
How this all works out is anyone's guess. However, it is good to see some coverage and events leading up to people learning we are still here.
Ultimately, this game might be one of longevity. Those blockchains that are able to stick around and keep developing stand a good chance. There are a lot of projects that went silent not only with publicity but also their development. What is happening on them is a fundamental question. With Steem, there is a lot we can point to which shows the expansion of the platform.
We can even look at a game like @holybread which started a couple weeks ago and has close to 2,000 accounts signed up. According to State of the DApps, it is the 9th ranked game. As an aside, Spliterlands is #1 and Nextcolony is #5.
All this shows the degree of success on Steem in spite of being a forgotten and overlooked blockchain.
In spite of it all, Steem still has one of the strongest communities in the entire industry. There are better known blockchains but few (if any) with as many active human users. There are some that do a lot more transactions but much of that is attributed to gambling apps. Steem has actually people posting, interacting, and playing game. While it is nothing compared to the traditional social media world, it put us near the top of the list for all blockchains.
Think about what Sun's motivation was in acquiring it. He went out and purchased a company that provided coding for another blockchain. I am sure Sun has programmers coming out his ear on Tron. Did he need to add another group?
It is becoming obvious that he was targeting the applications on Steem because of the community. That is what he wanted access to. The Steem community has great value, thus he felt he had a way to pull them over to Tron.
Staying power might be Steem's strongest attribute. No matter what happens, we just do not go away.
Sometimes success is a result of pure determined perseverance. It is something that Steem excels at.
If you found this article informative, please give an upvote and resteem.
Posted via Steemleo