Hive: The New Steem Community Hard Fork...Thoughts?

[Abiky]

The Steem blockchain just hard forked today at 10 AM EST. For those unaware of the situation, there has been a controversy between TRON's latest acquisition of Steemit, Inc. and the community itself. They were unable to reach an agreement, which resulted on both sides heading their separate ways by forking. I know that the Steem blockchain is not as popular as other blockchains in the mainstream world, but the fact that TRON's Justin Sun took control over most of the network's consensus witnesses has a lot to say about DPoS' level of decentralization.

I'm starting to wonder whenever this newly-launched hard fork will be a success? After all, most forks tend to be less valuable than the original coin. A good example of this is the infamous Bitcoin Cash hard fork that has a lower market cap and price than the original Bitcoin (BTC) itself. Of course, the decentralized nature of Blockchain technology allows anyone to fork at will when none of the parties involved are able to reach a common agreement. The recent pump in STEEM's price yesterday, shows that people are interested in "free money" than anything else. After all, Steem token holders will obtain the same number of coins on the hard-forked "HIVE" blockchain. Major exchanges like Binance and Huobi have already announced support for the hard fork (HIVE). We'll see how this plays in the long run, for both chains. Either Steem dies altogether, or both chains will be able to survive alongside each other for many years to come.

What are your thoughts about the new Steem fork? Was it a good decision by the community? Or will it fail in the long run? In highly unpredictive crypto world, anything could happen in the future. Any opinion on this matter will be appreciated.

[libert19]

I have earned most of my steem power through blogging and have never touched the power down button, so this hive airdrop is basically free thing.

I don't think Justin is going to give up Steem just like that while Hive also has notable people who can turn things around.

Only time will tell, I'm in for the ride.

[Arcas]

I think last night become last chance for every one get hive coin hard fork from steemit, some one hold their steemit coin on Binance exchange will earn hive coin and distributed after hard fork time is ended last night, maybe will list on binance for hive coin later.

[minairia3]

What are your thoughts about the new Steem fork? Was it a good decision by the community? Or will it fail in the long run? In highly unpredictive crypto world, anything could happen in the future. Any opinion on this matter will be appreciated.

I think there will be a huge impact this hive coin on steemit coin. If the community prioritize the usage of hive coin then many community members will likely shift and change all into this new fork. If you would compare to other forks most cases the new coin usually pump hard during its first time trading and eventually will slow down to achieve its normal price. But with this case, it will be hard to know since some steemit coin are under Justin Sun, and Im sure he knows every possible way to caught up with community power. His billionaire so anything could happen.

[shinratensei_]

I don't wanna say a lot about the steem hardfork, just a few sentences about that and i just suggest you to take a look at what is happening with bittorrent right now and that gives a lot of clue about what will be happening with bittorrent. The next crap coins are coming that called steemit and hive token.
Justin will be leaving the market after he will be dumping his coin. Look at the chart and it was going down so fast.

[Saisher]

I have earned most of my steem power through blogging and have never touched the power down button, so this hive airdrop is basically free thing.

I don't think Justin is going to give up Steem just like that while Hive also has notable people who can turn things around.

Only time will tell, I'm in for the ride.

And it's great ride to be in, imagine two top names in the industry battling over the two projects, both will do everything to succeed, they have a name and reputation to protect and of course the winner of these are holders of both coins in the end, we''ll see the result after a year on who got the more pull.

[target]

I have earned most of my steem power through blogging and have never touched the power down button, so this hive airdrop is basically free thing.

I don't think Justin is going to give up Steem just like that while Hive also has notable people who can turn things around.

Only time will tell, I'm in for the ride.

Well he paid a high price trying to acquire steemit.  The community is divided so its best to just fork after all its meant to be independent. What was forked today might just be forked over and over since binance seem to have express they are supporting the hard fork. It may be listed to their market too. I'm not gonna be surprise if he will do the same like what do did to steemit.

[libert19]

I have earned most of my steem power through blogging and have never touched the power down button, so this hive airdrop is basically free thing.

I don't think Justin is going to give up Steem just like that while Hive also has notable people who can turn things around.

Only time will tell, I'm in for the ride.

Well he paid a high price trying to acquire steemit.  The community is divided so its best to just fork after all its meant to be independent. What was forked today might just be forked over and over since binance seem to have express they are supporting the hard fork. It may be listed to their market too. I'm not gonna be surprise if he will do the same like what do did to steemit.

Binance has just supported hive airdrop, listing is not guaranteed.

"It’s also important to note that Binance explicitly outlined that supporting the hard fork doesn’t mean it would list HIVE for trading. For this to happen, its network needs to prove itself as stable and robust, and it must pass its strict review process."

[masterrex]

The Steem blockchain just hard forked today at 10 AM EST. For those unaware of the situation, there has been a controversy between TRON's latest acquisition of Steemit, Inc. and the community itself. They were unable to reach an agreement, which resulted on both sides heading their separate ways by forking. I know that the Steem blockchain is not as popular as other blockchains in the mainstream world, but the fact that TRON's Justin Sun took control over most of the network's consensus witnesses has a lot to say about DPoS' level of decentralization.

I'm starting to wonder whenever this newly-launched hard fork will be a success? After all, most forks tend to be less valuable than the original coin. A good example of this is the infamous Bitcoin Cash hard fork that has a lower market cap and price than the original Bitcoin (BTC) itself. Of course, the decentralized nature of Blockchain technology allows anyone to fork at will when none of the parties involved are able to reach a common agreement. The recent pump in STEEM's price yesterday, shows that people are interested in "free money" than anything else. After all, Steem token holders will obtain the same number of coins on the hard-forked "HIVE" blockchain. Major exchanges like Binance and Huobi have already announced support for the hard fork (HIVE). We'll see how this plays in the long run, for both chains. Either Steem dies altogether, or both chains will be able to survive alongside each other for many years to come.

What are your thoughts about the new Steem fork? Was it a good decision by the community? Or will it fail in the long run? In highly unpredictive crypto world, anything could happen in the future. Any opinion on this matter will be appreciated.

You know mate, I already sicked and tired of these never-ending hard forks that frequently happen in the crypto industry if there is a serious misunderstanding in any existing platforms today, and then after we woke up in the following day another hard fork will occur, this is not good in my opinion.

[Ridwan Fauzi]

It will be better if OP contained the link about some information regarding this issue.

I know steemit and I get an account there, but since there is only a few member who active so I decided to came out and never log in again.

And last month I heard that this platform was acquired by Tron and it was make the steemit price up for a while.

Regarding to the hard fork that will happen, I think there won't give many thing to the forum and to the price itself.

The people will be focus on bitcoin halving and they will collect as much as bitcoin as possible IMO.

[bitcoin_paypal]

Justin deserve this hard fork

[Abiky]

Justin will be leaving the market after he will be dumping his coin. Look at the chart and it was going down so fast.

Probably. I've seen that Justin is not that active on Steem, which shows lack of interest into the Blockchain platform. I believe he's more into Steem for the money than anything else. If he's smart, he would help the platform grow in mainstream adoption in order to expand his profits. After all, the greater the demand for STEEM, the greater the price will be in terms of USD. Justin would have more money in its "ninja-mined stake" by increasing demand/adoption for STEEM instead of cashing out quickly. But it's likely he'll sell all of his coins on the market, than contributing to the project itself.

So far, many promises have been made to "improve" the STEEM blockchain without any actions whatsoever. With censorship coming from the Steemit team, I don't think anyone would want to use the STEEM blockchain ever again. After all, crypto is about decentralization than anything else. A centralized STEEM blockchain platform would look no different than traditional social media platforms of today such as Reddit, Medium, or Twitter. The HIVE hard fork will be the true winner in the long run, as it focuses on decentralization above all else. But no one knows what will happen by then. Maybe both chains will survive or one will prevail in the future. The market will ultimately decide which coin stays at the top and which fades into oblivion, depending on mainstream adoption.

Well he paid a high price trying to acquire steemit.  The community is divided so its best to just fork after all its meant to be independent. What was forked today might just be forked over and over since binance seem to have express they are supporting the hard fork. It may be listed to their market too. I'm not gonna be surprise if he will do the same like what do did to steemit.

The fork was a wise decision made by the community. It shows the true power of decentralization. With both chains heading their separate ways, people will have a choice to support one from another. As I've said earlier, the market will ultimately decide the fate of these cryptocurrencies. Personally, I support decentralization above anything else, so I'm hoping the "HIVE" blockchain wins in the long run. But Justin is powerful financial-wise and can do anything to make STEEM a "bigger" blockchain platform over time. Most people don't care about decentralization, so they'll go to the chain which leaves them with the most profits. If STEEM manages to obtain a higher price than HIVE (which I doubt), people might use the former more thoroughly. It'll be interesting to watch how everything unfolds between both chains in a few years from now. From what I know, HIVE has most (if not all) of STEEM's former developers working on it. If all the devs migrate to HIVE, then STEEM won't have experienced developers that would drive the chain towards long-term success. HIVE is advancing quickly in development, so it has a better chance of surpassing STEEM sometime in the future. Just my opinion

[libert19]

It will be better if OP contained the link about some information regarding this issue.

It's all over steem, or give a Google search many crypto outlets have covered it.

I know steemit and I get an account there, but since there is only a few member who active so I decided to came out and never log in again.

Tbh feels like you know nothing about steem, and just made this post for your signature bounty, try to make posts in threads where you are really interested.

[minairia3]

HIVE is advancing quickly in development, so it has a better chance of surpassing STEEM sometime in the future. Just my opinion

I think you are right. In few days, hive tokens will be traded on some exchange already and I can see the price of steemit already go down after the forked of the hive coin. It is not surprising to see a huge dump after users get their hive, proving that community of reall steamians are just after a new platform. I am not sure if Justin Sun can sustained a project left by most of its original users.

[slashz9]

if you are late for the program.
You can buy at binary exchange, even though you don't know the price will be expensive or cheap.
at least binance has a good reputation, so the coins listed at their place will be labeled good and not one of shitcoin.

[coingecko]

We are tracking Hive already and its currently trading on Bittrex and Probit.
Binance have honored the forked coins but have not open a market yet

[Abiky]

I think you are right. In few days, hive tokens will be traded on some exchange already and I can see the price of steemit already go down after the forked of the hive coin. It is not surprising to see a huge dump after users get their hive, proving that community of reall steamians are just after a new platform. I am not sure if Justin Sun can sustained a project left by most of its original users.

So far, STEEM hasn't experienced a massive dump in price. Maybe Justin Sun is waiting for someone to pump the price per coin across the market so that he could dump all of his coins? At least, the HIVE blockchain is alive and running after nearly a week since inception. Everything is working fine on the newly forked blockchain, with developers bringing improvements to the same. Comparing both chains, I'd say that HIVE is now a lot more active than STEEM is. I doubt that the original blockchain will ever survive without its former developers (as most have migrated to the HIVE blockchain). If the original chain lacks development and innovation, it won't be able to move forward for the foreseeable future.

But who knows? It's only been a week since the "STEEM community" hard forked into a new chain. We'll have to wait and see what happens with the fate of both chains, as the power down process reaches its deadline (approximately 13 weeks). There's the possibility that most STEEM users would sell all of their coins to HIVE once the power down is complete, resulting in a massive dump across the crypto market. As for me, I'll stay on both chains to decide what to do next as time goes by. It looks likely that HIVE will survive while STEEM will go down the drain. But it's too early to tell since it's only been a week since the hard fork.

[Denreal]

We are tracking Hive already and its currently trading on Bittrex and Probit.
Binance have honored the forked coins but have not open a market yet

Since Bittrex could start the trade for the hardfork, it shows a green light that other bigger exchanges will soon list it too, Binance inclusive. Coingecko is coming. CZ purchase of CMC will also see the hardfork on CMC too. Ether way, it will be listed.
If TRON's Justin does not dump the Steem he has, I envisage both Steem and Hive will survive in the long run. Hopefully, everything works out well on both sides, Ceteris Paribus.

[Thomas-s]

if you are late for the program.
You can buy at binary exchange, even though you don't know the price will be expensive or cheap.
at least binance has a good reputation, so the coins listed at their place will be labeled good and not one of shitcoin.

I would not trust Binance just because it is a large exchange. we already have a lot of examples of their scam schemes of users. This scheme is not obvious to many, but if you analyze how BTT / Bull tokens appeared on their exchange, you will understand. I do not say that Hive tokens are bad, but just say that you do not need to trust Binance

[jacafbiz]

The issue I think this project is going to have are:

1. Lack of fund: where are they going to get the money they are going to use to sustain the development of the platform

2. Brand name: The name Steem will be difficult to surpass and it is the first go to platform

3. Community: How loyal and strong this community is, we all saw what happens to ETC after the fork, no one is using it, I can't name any project on ETC