In the last week, I have been hearing a lot about Justin Sun leaving the crypto world. Initially, the news was only about him leaving Tron but later found out that he was leaving STEEM too. I don't know how to call this. Good news or bad news. But it appears STEEM is already having some issues. Some node-related issues were reported a few days back. May not be related to this news but still there is a possibility.
Those who are on Hive from the beginning probably know what happened two years back and why Hive was born. After Justin Sun took over Steemit, he did come up with some changes to the way the chain operated. He introduced the Tron wallet and also reduced the power down period. Apart from that, some schemes were also popular on Steemit. I don't even know more details on that. I keep hearing that the new users who directly came to Hive looking for a good blogging platform might also see Steem as a fascinating investment opportunity but being very cautious is what I would like to say.
On a funny note, I found this tweet saying that Justin Sun has not only left Steemit and Tron but probably planning to leave even Earn for the good and troublesome species in space. Some people might even think that he doesn't come back but I personally think that he should be doing things he is fond of or things that work very well for him. I'm actually glad that he is willing to quit the crypto world to chase his dreams.
What will happen to Steem?
Probably this is the biggest question now. Many people have already started speculating saying that it can officially be the end for STEEM as the blockchain is not under good leadership. Some people are glad that JS is out of Steem for the good of Steem and now it has a good opportunity to grow. Considering all these facts, there are different possibilities for STEEM now. But anyways the amount stolen from the former witnesses and top accounts is not going to come back anyway. It was sent to the exchange wallet by a white hat hacker but I don't think it was returned back to them.
This could probably be the end for Steem and Steemit might not be able to function properly without proper strong hand management. Justin Sun insisted on at least taking his investment back. I don't know what made him take this decision, it could either be that he would have already taken his investment back or maybe he considered this as a bad investment and a failure for him and moved on.
Will this affect Steem users?
That's a big question. There is a high possibility. People might slow down their activity on Steem. If anyone is planning on investing their money in Steem, I would strongly recommend against it because the situation is not clear. The top witnesses may also lose interest if the rewards are not going to be better. The number of dApps on Steem has also reduced in the last two years and can get hard to build anything on Steem again. The Steemit company might get into better hands and the blockchain can possibly get better. That is also a possibility.
I'm not posting on Steem and I don't even have any friends who are posting on Steem either. So I don't know if this situation would affect Steem users anyways. I personally consider Hive is the best option with so many possibilities and the price of Hive is also better now. It is good to move on.
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