Posts

avatar of @taskmaster4450le
25
@taskmaster4450le
·
·
0 views
·
1 min read

We had our respective war and we ended forking the STEEM chain into HIVE, and our 'consensus' moved all the steemit/Justin Sun funds (& their supporters) from their respective wallets to the DAO.

This is incorrect. The Steemit funds were not moved since they never existed. It was an airdrop which created new tokens. It is a completely new asset class. All of Steemit's funds are still active on the original chain.

In my humble opinion, if we consider HIVE as the 'main' chain, all the steem that remained in the other chain is a bonus, as the attacker effectively 'paid' with all his funds in the new chain.

Hive isnt the main chain. It was a fork from Steem. That chain is still in operation as it was before (albeit with different witnesses).

This is adding to the misunderstanding. Hive was something completely new using open source software. This means everything had to be set up from scratch including master nodes, token distribution, hive, and new exchange listings.

At this point, we are seeing a case study being created. There is a lot at risk, you are correct. One of the best ways to get passed this is to focus upon what we are doing here. That means developers develop and content creators create.

Overall, the Hive and Steem userbases are very small and we need to focus upon those activities that will bring in more users. The few hundred that are really interested in this are small potatoes compared to the social media world.

Time to tap into that.

Posted Using LeoFinance