By anti-archive on Skatehive
Steem vs Tron: The rebellion against a cryptocurrency empire Source: https://decrypt.co/38050/steem-steemit-tron-justin-sun-cryptocurrency-war One spring day four years ago, Dan Notestein, a self-made millionaire and coder, padded down the wooden stairs to the basement of his ranch home in Blacksburg, Virginia. He sat down across from three other devs who were working on a startup called Steemit. Notestein, who was a contract worker on the project, settled in for what he figured would be just another day.It turned out to be anything but.The devs were building what had been billed by its co-founders, CEO Ned Scott and CTO Dan Larimer, as a new kind of social media platform. Steemit was intended to be the first social network to reward its users with cryptocurrencycryptocurrency when they upvoted a post. The big idea was that posting—great posting, smart posting, honest posting—was super valuable content to a community. (Hence “steem,” which stood for “esteemed author.”)Notestein's basem