No Surprise: Eli Powell On Board With Steemit/Tron Partnership: They Switch Sides

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There is obviously a great deal of uncertainty with the Tron Foundation's acquisition of Steemit Inc. Since that time, we have not seen a lot of clarity in terms of the intentions.

Eli Powell, the Managing Director of Steemit Inc, did an interview where she expressed her feelings on the situation. In short, she feels that Steemit Inc is better off now that it is acquired by an entity that has the resources to help move things forward.

Before going any further, we must state that this should come as no surprise. While I do not question the sincerity of Eli's beliefs in that regard, it is obvious where her bread is buttered. She is an employee of Steemit Inc, hence her paycheck is dependent upon the new owners of that company.

It is also vital to mention how Steemit Inc's interests are not necessarily aligned with Steem's. We all know they are two separate entities and it is becoming more obvious by the day.

We’ve been in a holding pattern due to a financial lack of resources. We’ve always had roadmaps but we couldn’t execute them. But just last week, Steemit was able to launch its new communities feature, which allows users to take advantage of community features similar to those on Reddit. We’ve been working on this feature for three years. This just shows how fast Justin Sun has worked to help us launch communities.”

Here is an example that is a bit perplexing. We saw the development of Communities over the past 6 months. After years of waiting, Roadscape brought out an Alpha version for the community to test. Many set up individual communities and were posting to it. Yet, according to Eli's statement, the release was due to Sun coming in? Perhaps this is the case but I would figure it was more of Ned's inability to make a decision as opposed to money. The work was done and in the testing phase when Sun entered the picture.

Here is another example of how clear it is:

Despite recent remarks, Powell told Cointelegraph that Tron’s partnership of Steemit is incredibly exciting, noting that she expects Tron to provide the resources needed to help grow the Steemit ecosystem.

Many people use the terms "Steem" and "Steemit" interchangeably. However, someone who is around like Eli knows the difference. Yet, right there, it says "Steemit Ecosystem" as opposed to Steem. Once again, it is where her bread is buttered.

But then again, perhaps she has no clue about it. We see this tidbit when talking about the soft fork and Steemit Inc's ninja-mined state:

Powell explained that the Steemit Inc. ninja-mined stake is intended to help with further support and financial developments of the Steemit blockchain.

I thought it was to help with further support and financial developments of the Steem blockchain.

Of course, the prevailing mindset is that Tron acquired Steemit's "proprietary" blockchain which is now can roll into the Tron ecosystem. This mindset is in Eli's head as well.

“Scaling is important, and Steemit can handle all the new traffic coming from Tron. We’ve already had 30% more signups this February compared to February last year. This partnership is about bringing the social media aspect to the Tron ecosystem.”

If Steem is Steemit to her, she feels this is bringing social media to Tron.

As for the soft fork, her views on that are clear:

“I wrote a blog post last week about how anytime there is change, people become uneasy. As we continue to plan our road map with Tron, people will start to understand what our visions are. We have just begun to strategize on this. I understand that Steemit has held the power for so long and that the soft fork was a reaction that came too soon.”

Change? Does she really believe this was just a few people lacking the ability to embrace change? A big part of the move was the fact that Sun, himself, used the Foundation's stake to vote for block producers on Tron, something he said he would not do. This came after the tweets and marketing releases that discussed a token swap and rolling Steem into Tron.

So Steemit held the power too long but everyone should sit back while that power is held by Sun, something that is, at best, questionable based upon his track record on his own blockchain?

Here is the full writeup in Cointelegraph.

https://cointelegraph.com/news/steemit-managing-director-on-acquisition-by-tron-exclusive

This is nothing personally against Eli Powell. In fact, I do not fault her for walking the new company line. That is the position she is in. But we need to make sure we are clear where the major players stand. Steemit Inc is part of Tron's ecosystem and there is where there loyalty has to reside. Failure to do that will result in replacement. It is really that simple.

Thus, we have to presume that Eli is not going to look out for the best interests of Steem. Steemit Inc was always dedicated to themselves, which is also sensible, and that is now even more evident. Perhaps it was lost over the last year or two because of Ned's disinterest. Either way, we need to be very careful moving forward.

It is a subject that created a great deal of debate. Ultimately, this is not going to make everyone happy. While most everyone would like collaboration and a true partnership, the sense, thus far, is that is not Tron's desire in spite of the rhetoric they try to toss out there. Their true intentions, in my opinion, came out up front. Even this interview by Eli reaffirms that.

As for the soft fork, I think it a valid debate as to whether it should or should not have taken place. What I do not believe is even up for consideration is whether it was done too soon. If action was required, ie the soft fork needed, then waiting made no sense. Sadly, Eli is making it seem like a knee-jerk reaction that took place on a whim. From what I understand, there was a great deal of discussion that took place after the AMA.

Speaking of the AMA, Sun did not even have his laptop fully charged for a discussion with the Steem community. What kind of message does that send to the community? He is basically saying you are not worth the time for me to even plug in my laptop.

Obviously, there is no way to know how all of this will unfold. However, we need to make it clear that Steemit Inc is not Steem. Eli is well aware she is now part of Tron and there is who she represents. It is up to the community to represent ourselves.

This is what decentralization is all about. Steemians need to act in Steem's best interest.

Image from article linked.


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Posted via Steemleo



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23 comments
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Hoping for the best. Preparing for the worst.

I'm anticipating that Steem may soon devolve into who can pucker up their lips the best to kiss up to Justin where the Sun don't shine.

I've pretty much checked out emotionally and a lot of the peeps have as well. Just lost a major delegator to SFR who is powering down.

It's a bummer as I would have liked to continue the work of our fight against dishonesty, spam, plagiarism and the like.

But now it seems dishonesty is at the helm which does not bode well. Good luck everybody.

Be wise.

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That would just be a continuation of the trend; the entire steem ecosystem has been on a downward spiral for years.

People keep repeating this mantra that "steemit is not steem", but when you can't have steemit without steem, and steem has no value without the apps tied to it, they are so intricately connected that it's foolish to separate them unless the distinction is explicitly required.

Ever since I first dipped a toe, the system was rife with scams. Bots given voting power to buy and sell votes, shifting to an up/down vote system so that brigades could demonetize content, low quality posts and spam getting rewarded hundreds of dollars while all the main content creators (with exceptions) would make pennies.

The only platform positive move I've seen was the shift to 'communities' over the much abused 'tagging' system.

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(Edited)

I've pretty much checked out emotionally and a lot of the peeps have as well.

Why?
It never stops here. It will never stop. There will always be some bullshit on the horizon. A Justin, a Ned, a Fyrstikken, a Haejin..
Thats the spice of life on the Steem blockchain.
You swat the fly and swat the next one.
Need to recharge bateries? Watch some cat videos, upvote some art, listen to some music...

Steem is one giant libra constantly shifting from side to side.
Thats half the fun of it being here. You get to affect which side prevails.

I never once felt like giving up because of some dick acting dickishly. Theres always fun and satisfaction to be had. ;)

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Watch some cat videos but don't buy @catsmakekittens tokens cause those are dead in the water... of course, the project could make a comeback.

Posted via Steemleo

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Do we really have to presume per sé that Eli is not going to look out for the best interests of Steem?

If Steem wins (higher token value, more users, better content), so does Steemit (and Justin).

I simply don't presume anything. At this point, it's still very difficult to say whether or not a win-win scenario will be played out.

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I simply don't presume anything.

Then you must trust in the trustless system blockchain was developed to be?

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I have maximal trust in direct on-chain transactions. But governance in Proof of Stake systems is a very different beast. These systems are fairly new, so it's a learning and growing experience for everyone.

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Cointelegraph even don't know difference between Steem and Steemit...
Im trying to don't let this mess going on on Twitter!

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Lots of interesting context here, @taskmadter4450. It does feel like a very tenuous time, and the Steem community needs to better understand the intentions for Steemit by those who now hold the purse strings. I don’t think we can presume that Eli will not look out for the best interests of Steem. I do agree that she seems confused or is perhaps using confusing language. But I’m not sure why anyone would make significant plans for Steemit with total disregard for Steem. They are not the same but they are certainly tied. Wouldn’t it be like putting a nice coat of paint on your car and expecting that to help your vehicle’s engine? 😁

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So far I have the inkling this entire thing is perpetuated... down to knowing how we might react and timing of announcements even the odd joking demeanour between N&J on the AMA to force the STEEM community hand into taking action.... why? Crash the competitors before launching a replacement 😉 while stealing as much of the development team as possible. I’m a conspiracy nut but I’m banking on seeing Ned’s name amongst those involved in the new platform.

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(Edited)

Loving seeing all you former cheerleaders so butt hurt

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We’ve already had 30% more signups this February compared to February last year.

Lol, 30% more than the ~100 last year is what? 130?
Woohoo! Only 8,342 months like that and we might double the redfish!

The only reason this fork didn't take place sooner was out of a misplaced loyalty to crapitalust convention that ned had an ownership interest in the platform.
Once the code was open sourced that was no longer the case.

Misplaced loyalties is what has us here, let's hope we can have faith in ourselves, because crapitalism's rules dictate that steem not be allowed to succeed.

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Speaking of the AMA, Sun did not even have his laptop fully charged for a discussion with the Steem community.

I think that was just the first stupid excuse that popped in his mind to end the discussion :)

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Its somehow embaresing for her not to be able to differentiate steemit from steem. Its not steemit ecosystem, rather steem, therefore she can go fuck herself
One more uncompetent steemit "leader". Fuck em

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Right now the article has changed a lot. At first it had tons of more mistakes and almost sounded like a parody

Posted using Partiko iOS

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Just as Ned was, Elipowell didn't operate like Steemit Inc CEO. We were broken off the communication link with them. If Justin would give an image to Steem , we do not mind. Let steem grow.

Posted via Steemleo

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50 Minutes is pretty much. // what makes it hard to listen is his strong chinese accent and his slow pace. in crypto i am used to get info quick. I am amazed that this guy runs a top 20 cryptocurrency.

Or do we talk about a different AMA here?

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The unfully charged laptop was questionable to me as well. What happened to having his laptop plugged in?
That to me showed no care for the Steem community and an excuse to cut short the AMA.
We need people no matter who you are to have the best interest of Steem at hand and to decentralize power as nuch as possible.
It is sad I'm experiencing this on Steem but I know Steemians have always fight it through difficult times I strongly believe this tine is no exception.
For me Steem have grown to become part of my daily life where I pop in to engage on the blockchain.

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You've shared some valid points @taskmaster4450

While I do not question the sincerity of Eli's beliefs in that regard, it is obvious where her bread is buttered. She is an employee of Steemit Inc, hence her paycheck is dependent upon the new owners of that company.

At the same time Eli is face of this company/project and she is risking her own future and career. That may be more important than current paycheck. That's how I see it - I really believe she is a long term thinking person.

I've never seen her talking with this optimism about Ned. And that means something.

I hope you don't mind that I disagree. My personal presumption is that Eli and Justin are going to look out for best interests of steem more than previous "administration" did. Surely being careful is a wise way to move forward, however put yourself in other party shoes: seeing constant lack of trust and quite often open hostile behaviours. I'm worried that we will shit on our own parade.

Yours, Piotr

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