Posts

What happened with STEEM hardfork 0.23 ? In simple terms to understand.

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

The steem vs hive war is still going on and as it very much known that steem gone centralised and still taking dig at the former witnesses who left the platform and made Hive.

so yestarday they rolled out the hardfork 0.23 which was directed to seize the Steem cryptocurrency holdings of their users seized: 64 in total. (23.6M Steem ~= US$5M) to a new Steem account called @community321.

There many among the 64 who contributed and developed the steem community like @themarkymark ,@blocktrades , @ocd-witness and @therealwolf etc..

Also the power down period was reduced to the 4 weeks and now any one can invest or their total steem from platform in 4 weeks.

This means that in total Steem assets worth 5026900.96 $ will be seized on 20 May 2020 14:00:00 UTC and moved to https://steemd.com/@community321

As per the tweets of @theycallmedan , his funds approximately one million are part of the seized funds.

The seized funds are moved to the community 321 and there is no proper announcements why this has been done or what they gonna do with that.

but the miracle happened, Some one hacked the Community321 and send all the seized amount to the @bittrex.

The community was cheered for this and applauded the hacker but still don't know how these funds will be return to the users.
The intense play is still on and I am closely checking what future holds and how much safe it is to invest in crypto. Will these type of moves and attacks will impact the user's trust on crypto and increase the fear to be part of the crypto revolution.