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RE: More Great Things to Come

in #steem4 years ago

Unless Justin or Tron choose to pump Steem and genuinely turn it into a Tron social media platform, I foresee STEEM staying below 3k satoshi while HIVE rallies to 5k+.

The only thing keeping STEEM afloat at this time is that most of the STEEM is powered up from both sides mass-purchasing over the last few weeks to keep their witnesses in the top 20. We know most of the funds from the original Steemit witnesses and backers are powering down, which would translate to flooding to HIVE. If you look at the STEEM code base's commit history, you'll see that over 90% of the commits over the last year are by developers & witnesses who have switched to HIVE or abandoned both platforms. From a long term perspective, the obvious choice is HIVE, since that's where the development is going. We'll need to see Justin & co. up Steemit Incs. development efforts by at least 10x what Steemit Inc. did historically to make up for the loss of witness development.

To counteract that, Justin is trying to get Tron users to switch to this platform to keep it from dying. That does not mean the project is dead, but it does mean its on life support.

It'll be a wild next few weeks, that's for sure.

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