RE: STEEM is still not Steemit, even if Tron buys Steemit.

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RE: STEEM is still not Steemit, even if Tron buys Steemit.

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denmarkguy in #tron • 5 years ago

Right now it seems like everyone is just milling around in a circle, not knowing what's going on.

THAT part, sadly reminds me of the old days of tech/dot-com companies where ~~millions~~ billions were made and lost simply on "Big Announcements" that had none of the functional implementation aspects even considered. The great investing guru Peter Lynch (creator of Fidelity Investments' famous "Magellan" mutual fund) liked to call it "di-WORSE-ification."

I don't know, though. And I understand the distinctions you are making, but I am still confused as to what this partnership means. I guess we'll just have to wait and see...

5 years ago in #tron by denmarkguy

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lukestokes 5 years ago

Yeah, sometimes a wait and see is the best approach. It's important to get the fundamental terms correct first though. So many people (for years now) have not understood the distinction between Steem, STEEM, Steemit, inc, and Steemit.com let alone the intricacies of DPoS, blockchain, and cryptocurrency (or SBD, Steem Power, etc).

Best we can do now is educate people on the facts so when more information does come out, we can make educated decisions about how we, the STEEM token holding community, want to the future of the Steem blockchain to be and how that will relate to the existing Steemit brand.

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jgall295 5 years ago

Hey lukestokes, i was wondering if its possible to guide or point me in the right direction to information that breaks down the differences of steem, STEEM, and steemit. I have a very general basic understanding but would like a more detailed explanation.
will do my own due diligence, would appreciate tools you have used.

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lukestokes 5 years ago

The post I linked to first is a good start.

Here's how I understand it:

STEEM: The Steem cryptocurrency
Steem: The Steem blockchain (or the code, protocol, or running mainnet, depending on context)
Steemit: One of two things:

Steemit, inc: The company who launched Steem and primarily develops the Steem protocol and owns...
Steemit.com: The primary browser of the Steem blockchain. There are many others, but most conflate Steemit.com with Steem, when really they are different. Steemit.com is just a centralized website run by a centralized company using a decentralized blockchain (of which they do happen to have a large, centralized stake of tokens which apparently they just sold to the Tron foundation).

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jgall295 5 years ago

Appreciate it, i know its just surface info but it gives me reference point of where and what to look for. This way it doesn't feel like I'm traveling down a rabbit hole.

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