Hive fork announcement (@smooth and @burnpost)
I will be fully migrating to the new fork, Hive.
My main accounts on Steem will be fully powered down and sold, and the proceeds used to buy more Hive tokens to power up.
@burnpost on the Steem chain will wind down with an immediate power down of the full balance, sent to @null. Posts will cease.
@burnpost on the Hive chain will resume posts and maintain the algorithmic bot which converts/burns/powers-up depending on the HDB price.
See you on the other side.
This is a burn post (100% null beneficiary)
There is about ~340M Steem in the supply
-65M - Steemit Inc
If these exchanges that powered up don't support the drop
binance-hot 30M
huobi-withdrawal 7M
poloniex - 2M
Supporters of centralization ??M
The Hive supply would be about 240M - does that sound right?
I am guessing that the exchanges will try to support considering that they might open themselves to legal action for not due to the locking of customer coins. But, they might not care or have time to enact the changes they need.
Regardless, this would mean that the Hive supply would be almost identical to the initial mine supply with the difference that it is spread among tens of thousands (real users) of accounts + alts.
Do you think that this would make a significant difference 4 years from now?
I don't think the supply numbers themselves make much difference. The larger community does and not having a largest and by far dominant stakeholder which was an unaccountable and arguably bad actor for at least 2-3 of those four years makes a big difference. I am optimistic, but there are no guarantees of success for any crypto. Objectively speaking, experience with many projects and coins suggest that the odds are long and the challenge extreme, but possible.
There are definitely no guarantees... I am hoping that having a wide range of active accounts will make a difference though, and potentially the steem stuck out on the exchanges not getting a drop might too.
I was searching for some reports and came across this:
"25 reasons Steem will replace bitcoin"
https://steemit.com/dlive/@jerrybanfield/3ffc3520-426a-11e8-836a-b9befc1a6029
Where is Jerry... ;D
Jerry was a special man per se.
Some how He had a witness and you can feel something was not right with him.
A witness is just a server. It isn't hard to run. Much harder to code.
How do you benefit from the fork? Will all steem users automatically benefit or is there a certain exchange they must join? How do you make sure you benefit from the fork please?
PS-I am not against vaccines, I am pro-choice. My body my choice!
firstly... have some Steem power. secondly. wait.
What about @burnpost powers down, buys hive and burns it too?
Good suggestion. I thought about that but decided that it violates the policy stated for the use of @burnpost rewards and donations (that they will be burned and not sold). Even though I don't and won't support the Steem chain, I'm still going to honor my commitments with respect to it.
I need to think more about it but I hope you're still considering @cryptosharon's idea.
I will start the power-down now too. I wanted to do it after the airdrop, but I think there will not be any change in terms of how many HIVE tokens I get.
Let's go!
Power up or power down does not change your Hive tokens. Both are copied over to the new chain.
So if let’s say on Friday 10am eastern I have 5 days left until my next power down, I would immediately have 5 days left until my next HP power down?
Yes and in that case the power down will happen on both chains. Your SP will power down on the Steem chain and produce STEEM, and your HP will power down on the Hive chain and produce HIVE.
After the fork, anything you do on either chain will be completely independent of the other chain.
Haha, thanks Smooth: let me complete my 1800 Steem powerdown then. I was afraid i wont get some airdrop.
This is good to know.... thanks
Big move
Glad more people are saying their goodbyes..
https://steemit.com/steem/@decentralizd/my-final-post-on-the-steem-blockchain
Excellent quote. It reminds me of one of those stupid online tests "Which Star Trek species are you?" When I did the test it told me I am Klingon.
Qapla'
Good to hear man!! HIVE TRIBE!
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Eager for us to see each other on the other side!
Thanks for coming out and joining the team 👍. Hopefully we are going to Win together in Steem. Resteemed
Thanks for the Juicy 😉
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I am seeing positivity in this new hive blockchain to be launch. That I can wait to move away from steem. In this life, we just need to move on
See you there on hive platform ❣️🙏💓❣️💯
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