I’m not convinced Steem can stay independent against a hostile takeover. If this is structured as a token swap, then every user who moves to Tron’s Steem 2.0 system hands over more control of Steem 1.0 to Tron. Along with any stake Tron has already purchased it wouldn’t take a very high % of people switching to give them full governance control over the original chain, install witnesses, etc. The original Steem blockchain could be “sunset” and shut down if decentralized governance is lost.

Once more details are announced, if this token swap does seem hostile to the original chain, I’d love to see witnesses immediately revisit the idea of 1 Steem = 1 vote in governance. 30 million Steem should be able to vote 1 million weight to 30 different witnesses if it chooses, but not 30 million weight on 30 witnesses.

That’s a change that’s always been fair, leads to further decentralization, and could prevent a hostile takeover of the original chain by making it much easier to keep several seats filled with legitimately elected witnesses, even if 1 actor controls 50% + of all Steem power.