I watched it all and I see your points that HIVE itself needs utility and starting to see things that Hive can be used for - for example, there was a WordPress plugin recently announced (I tried it out, someone bought one of my tracks via it on the website) which does have really big implications for being able to buy things via Hive through an online website. Fans can also be rewarded through upvoting their comments on Hive and they can either use that to build their own accounts up and ditch the old Netflix subscription model (nonameslefttouse mentions this facet countless times) although I think we're a long way from that coming to fruition.
Splinterlands is also another use case and think gaming is another untapped arena for Hive to go in to.
In other comments from this thread, it's ultimately all about the Dapps, who their target audience is, how they can make the apps fun and user friendly and creating a use case for HIVE. Hive as the blockchain is basically what should be marketed to Developers to build things on and the dapps are what should be used to market to end users - this is all my opinion of course, I've only been flirting with crypto for 2.5 years, you seem to have more experience.
We are in agreement that dApps are the one possible hail mary move for HIVE. Yet the way the community has been splintered and the abandoning of support from those still on STEEM by most dApps has left a bit of a bad image for the devs of HIVE in my opinion. To me they have come off as a vindictive bunch of school boys.
Time will tell. My feeling is that this ship is sinking and my position is selling into HIVE's present demand, as those leaving STEEM put a weak upward pressure on the price, while putting 2500 satoshi sell orders on my STEEM on JS' poloniex exchange. There seems to be a 2500 satoshi spike weekly so far. Converting my HIVE to XMR and my STEEM to BTC.
OK, I know what you're saying about the split and the fact it's still fractious but looking at 6 months down the line, the two projects will (hopefully) be in totally different places and what happened will just be a part of the history. Could be a chance for new blood to come in and build some dapps, I don't know, I'm not claiming to be a fortune teller (maybe too optimistic for my own good here) but I don't believe HIVE is going to be shut down unless there's stuff happening behind closed doors that I don't know about (which has been known to happen)!
I moved over my author rewards from STEEM to HIVE and the rest of the STEEM I bought is going to BTC like you. Would love to have 1 BTC which is looking more likely with these random spikes in STEEM's price.
... but I don't believe HIVE is going to be shut down ...
Not shut down, yet becoming the AOL of DPoS, as alluded to a bit further back on the thread. I.E. Ten to fifteen thousand diehard users that cannot walk away from the connections they have made or some dApp like Splinterlands that they are invested in in more ways than just financially.
For that community my hope is that my prediction is wrong. Yet if that is the case some serious work is in store to try to put a balance into DPoS governance which contains such vast amounts of centralised stake. Stake that will be harder to see decentralisation with the SPS slush fund of JS' previous wealth. The Ninja Mined stake was not @nulled but simply moved from view from the following chart; which only represents accounts not the SPS fund. Much of that fund will find its way to V.22.2 Cabal accounts over time as it seemed to be doing on STEEM before the fork.
Hmm, I did just post this on another post which might as well be a reply to you as well:
One thing that has always been at the back of my mind was the 22.2 soft fork "first move" you mentioned.
Are there any legal ramifications of that "first move" (soft fork 22.2) because I did read about the pro bono legal opinion for regarding Steem's HF 23 and wondering if the "blocking of Steemit stake" (albeit temporarily) can be classed as "theft" in a similar vein?
I've moved away from Steem completely but I remember being unsettled after I heard the news regarding soft fork 22.2 and the precedent it set about accounts being frozen and inaccessible when this all kicked off back in Feb.
The SPS or whatever it is on Hive should be nullified in my opinion but I'm just a mere 40k HP holder. Even though I'm nearly in the top 400 stake holders, my say is barely anything really. How up to date is that chart?
This is very recent. Here is a comparison from just post fork...
My observations at JS' entry on to the stage was that he was looking for ways to bring STEEM into the TRON community. He mentioned atomic swaps for example. In my mind that sounded wonderful. Atomic swaps are used on the Lightning Network of BTC in an attempt to solve scalability. Being able to swap TRON and STEEM across chains sounded like a great way to bring all the TRON users easily to STEEM as well. The V.22.2 Cabal, rightfully saw JS as a threat; yet to their position of control not to the governance, per se, in my opinion. Otherwise we would have seen such things as the witness vote retention issue dealt with in the new HIVE fork. We did not. Instead there was a lot of administrative hacking of wallet values. Some transferred elsewhere and some sent to @null; like anyone supporting a Korean Whale's attempt to bring dialogue by keeping 10 V.22.2 Cabal and 10 of JS' witness sock puppets in the consensus witness positions through the use of their stake which seemed to be a balance of power at the time.
For that sensible approach the V.22.2 Cabal removed all token value in that whale's HIVE account during resync of the blockchain as well as any account which had voted for 2 or more of JS' supported witnesses. Some of those accounts were then hacked at again to put their funds back once they had grovelled enough and proven that the action had been done because their voting had been done by proxy.
The actions of JS which followed cannot be condoned yet the guy had just dropped $10 million for STINC and a bunch of geeks were locking him out. His culture would take this as an incredible loss of face in front of the whole crypto community. His reaction could easily be predicted with anyone with more than a teenaged brain that thought it a good idea to double down against a billionaire who owned their own crypto exchange.
If anyone would trust the immutability of the HIVE blockchain (or STEEM as well for that matter) again they would have to be completely out of their fucking minds in my opinion.
It was explained starting at point 4:12 on my CryptoTeaLeaves video if you'd care to listen.
I watched it all and I see your points that HIVE itself needs utility and starting to see things that Hive can be used for - for example, there was a WordPress plugin recently announced (I tried it out, someone bought one of my tracks via it on the website) which does have really big implications for being able to buy things via Hive through an online website. Fans can also be rewarded through upvoting their comments on Hive and they can either use that to build their own accounts up and ditch the old Netflix subscription model (nonameslefttouse mentions this facet countless times) although I think we're a long way from that coming to fruition.
Splinterlands is also another use case and think gaming is another untapped arena for Hive to go in to.
In other comments from this thread, it's ultimately all about the Dapps, who their target audience is, how they can make the apps fun and user friendly and creating a use case for HIVE. Hive as the blockchain is basically what should be marketed to Developers to build things on and the dapps are what should be used to market to end users - this is all my opinion of course, I've only been flirting with crypto for 2.5 years, you seem to have more experience.
We are in agreement that dApps are the one possible hail mary move for HIVE. Yet the way the community has been splintered and the abandoning of support from those still on STEEM by most dApps has left a bit of a bad image for the devs of HIVE in my opinion. To me they have come off as a vindictive bunch of school boys.
Time will tell. My feeling is that this ship is sinking and my position is selling into HIVE's present demand, as those leaving STEEM put a weak upward pressure on the price, while putting 2500 satoshi sell orders on my STEEM on JS' poloniex exchange. There seems to be a 2500 satoshi spike weekly so far. Converting my HIVE to XMR and my STEEM to BTC.
OK, I know what you're saying about the split and the fact it's still fractious but looking at 6 months down the line, the two projects will (hopefully) be in totally different places and what happened will just be a part of the history. Could be a chance for new blood to come in and build some dapps, I don't know, I'm not claiming to be a fortune teller (maybe too optimistic for my own good here) but I don't believe HIVE is going to be shut down unless there's stuff happening behind closed doors that I don't know about (which has been known to happen)!
I moved over my author rewards from STEEM to HIVE and the rest of the STEEM I bought is going to BTC like you. Would love to have 1 BTC which is looking more likely with these random spikes in STEEM's price.
Not shut down, yet becoming the AOL of DPoS, as alluded to a bit further back on the thread. I.E. Ten to fifteen thousand diehard users that cannot walk away from the connections they have made or some dApp like Splinterlands that they are invested in in more ways than just financially.
For that community my hope is that my prediction is wrong. Yet if that is the case some serious work is in store to try to put a balance into DPoS governance which contains such vast amounts of centralised stake. Stake that will be harder to see decentralisation with the SPS slush fund of JS' previous wealth. The Ninja Mined stake was not @nulled but simply moved from view from the following chart; which only represents accounts not the SPS fund. Much of that fund will find its way to V.22.2 Cabal accounts over time as it seemed to be doing on STEEM before the fork.
Hmm, I did just post this on another post which might as well be a reply to you as well:
The SPS or whatever it is on Hive should be nullified in my opinion but I'm just a mere 40k HP holder. Even though I'm nearly in the top 400 stake holders, my say is barely anything really. How up to date is that chart?
This is very recent. Here is a comparison from just post fork...
My observations at JS' entry on to the stage was that he was looking for ways to bring STEEM into the TRON community. He mentioned atomic swaps for example. In my mind that sounded wonderful. Atomic swaps are used on the Lightning Network of BTC in an attempt to solve scalability. Being able to swap TRON and STEEM across chains sounded like a great way to bring all the TRON users easily to STEEM as well. The V.22.2 Cabal, rightfully saw JS as a threat; yet to their position of control not to the governance, per se, in my opinion. Otherwise we would have seen such things as the witness vote retention issue dealt with in the new HIVE fork. We did not. Instead there was a lot of administrative hacking of wallet values. Some transferred elsewhere and some sent to @null; like anyone supporting a Korean Whale's attempt to bring dialogue by keeping 10 V.22.2 Cabal and 10 of JS' witness sock puppets in the consensus witness positions through the use of their stake which seemed to be a balance of power at the time.
For that sensible approach the V.22.2 Cabal removed all token value in that whale's HIVE account during resync of the blockchain as well as any account which had voted for 2 or more of JS' supported witnesses. Some of those accounts were then hacked at again to put their funds back once they had grovelled enough and proven that the action had been done because their voting had been done by proxy.
The actions of JS which followed cannot be condoned yet the guy had just dropped $10 million for STINC and a bunch of geeks were locking him out. His culture would take this as an incredible loss of face in front of the whole crypto community. His reaction could easily be predicted with anyone with more than a teenaged brain that thought it a good idea to double down against a billionaire who owned their own crypto exchange.
If anyone would trust the immutability of the HIVE blockchain (or STEEM as well for that matter) again they would have to be completely out of their fucking minds in my opinion.