I will be fully migrating to the new fork, Hive.
My main accounts on Steem will be fully powered down and sold, and the proceeds used to buy more Hive tokens to power up.
@burnpost on the Steem chain will wind down with an immediate power down of the full balance, sent to @null. Posts will cease.
@burnpost on the Hive chain will resume posts and maintain the algorithmic bot which converts/burns/powers-up depending on the HDB price.
See you on the other side.
This is a burn post (100% null beneficiary)
There is about ~340M Steem in the supply
-65M - Steemit Inc
If these exchanges that powered up don't support the drop
binance-hot 30M
huobi-withdrawal 7M
poloniex - 2M
Supporters of centralization ??M
The Hive supply would be about 240M - does that sound right?
I am guessing that the exchanges will try to support considering that they might open themselves to legal action for not due to the locking of customer coins. But, they might not care or have time to enact the changes they need.
Regardless, this would mean that the Hive supply would be almost identical to the initial mine supply with the difference that it is spread among tens of thousands (real users) of accounts + alts.
Do you think that this would make a significant difference 4 years from now?
I don't think the supply numbers themselves make much difference. The larger community does and not having a largest and by far dominant stakeholder which was an unaccountable and arguably bad actor for at least 2-3 of those four years makes a big difference. I am optimistic, but there are no guarantees of success for any crypto. Objectively speaking, experience with many projects and coins suggest that the odds are long and the challenge extreme, but possible.
There are definitely no guarantees... I am hoping that having a wide range of active accounts will make a difference though, and potentially the steem stuck out on the exchanges not getting a drop might too.
I was searching for some reports and came across this:
"25 reasons Steem will replace bitcoin"
https://steemit.com/dlive/@jerrybanfield/3ffc3520-426a-11e8-836a-b9befc1a6029
Where is Jerry... ;D
Jerry was a special man per se.
Some how He had a witness and you can feel something was not right with him.
A witness is just a server. It isn't hard to run. Much harder to code.
How do you benefit from the fork? Will all steem users automatically benefit or is there a certain exchange they must join? How do you make sure you benefit from the fork please?
PS-I am not against vaccines, I am pro-choice. My body my choice!
firstly... have some Steem power. secondly. wait.
Big move
What about @burnpost powers down, buys hive and burns it too?
Good suggestion. I thought about that but decided that it violates the policy stated for the use of @burnpost rewards and donations (that they will be burned and not sold). Even though I don't and won't support the Steem chain, I'm still going to honor my commitments with respect to it.
I need to think more about it but I hope you're still considering @cryptosharon's idea.
Man of words and honor 👌
I will start the power-down now too. I wanted to do it after the airdrop, but I think there will not be any change in terms of how many HIVE tokens I get.
Let's go!
Power up or power down does not change your Hive tokens. Both are copied over to the new chain.
So if let’s say on Friday 10am eastern I have 5 days left until my next power down, I would immediately have 5 days left until my next HP power down?
Yes and in that case the power down will happen on both chains. Your SP will power down on the Steem chain and produce STEEM, and your HP will power down on the Hive chain and produce HIVE.
After the fork, anything you do on either chain will be completely independent of the other chain.
Haha, thanks Smooth: let me complete my 1800 Steem powerdown then. I was afraid i wont get some airdrop.
This is good to know.... thanks
Glad more people are saying their goodbyes..
https://steemit.com/steem/@decentralizd/my-final-post-on-the-steem-blockchain
Excellent quote. It reminds me of one of those stupid online tests "Which Star Trek species are you?" When I did the test it told me I am Klingon.
Qapla'
Good to hear man!! HIVE TRIBE!
Posted using Partiko iOS
See you on the other side! !giphy tunnel
giphy is supported by witness untersatz!
Eager for us to see each other on the other side!
Thanks for coming out and joining the team 👍. Hopefully we are going to Win together in Steem. Resteemed
Thanks for the Juicy 😉
Posted using Partiko Android
I am seeing positivity in this new hive blockchain to be launch. That I can wait to move away from steem. In this life, we just need to move on
See you there on hive platform ❣️🙏💓❣️💯
Posted using Partiko Android
Sick and slick, I think your right about this decision and I think you're a very decent person. You 100% sure didn't take this lightly.
And counting up ;)
:( That will help Tron take over won't it?
Take over what ? Nobody will be here anymore ....
Lol!
I admire you are a true man. Unlike some people, shouting in support of Hive, but they continue to run witnesses of Steem.
Hive on! 😎
✌️
!giphy can't wait
Posted using Partiko Android
giphy is supported by witness untersatz!
Do you know if there will be some rules on witnesses regarding "seasoning" so new witnesses can't just come in and take over control? For instance, accounts should have 6 months or 1 year of proven track record of good performance before becoming eligible to be a witness.
.
Being in the process of powering down wont cause any problems right? When the airdrop happens, will i also be automatically powering down my hive tokens?
Yeah everything will be 1:1 bro no worries! My guess is that you won't be powering down your HIVE tokens cause it's a different chain. I think only your Token Balance will be copied.
Good to know man. Thanks!
Right there with you. I started the power down yesterday and I have the exact same plan.
Congratulations @smooth!
Your post was mentioned in the Steem Hit Parade in the following category:
Congratulations @smooth! You received a personal award!
You can view your badges on your board and compare to others on the Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Thanks for making a good decision my friend.
Hey, its been a few days since your price feed has been updated.
Hugs. I sincerely wish many successes in your publications and curations. Greetings with affection from Cumaná-Venezuela.
Am joing the moving train to the hive blockchain
I'm not sure what this has to do with me or my announcement here. Did you post this in a lot of different places as spam?
Total supply will be the same. Some accounts not being honored with the airdrop (mostly the Steemit ninja-mine accounts) will have equivalent tokens reserved in the DAO account.
Listings I don't know, look for announcements from exchanges or contact them if you want to request it.