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RE: Why wouldn't someone join Hive?

in OCD4 years ago

How up to date is that chart?

This is very recent. Here is a comparison from just post fork...

hive-graph.png

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.