Vlog 330: Steemitblog update: Hivemind 1.0 in production+ Steem price + I'm buying STEEM with SBD.
The Steemit Team released a new update post last night here
Hivemind 1.0 is live!
Hivemind will make communities possible on the the steem blockchain!
Hivemind 1.0 is the underlying architecture (foundation) so you won't see anything on the frontends yet but it's a very important first step:
from the post:
We are excited to announce that hive 1.0 has been completed and is live in production! Condenser has been updated to start using the hive APIs and is currently undergoing testing against hive’s condenser_api implementation. The current focus is on compatibility and stability.
After this phase is over:
As soon as we confirm everything looks good and address any unexpected issues that come up, it will be time to start the fun part - Hivemind 1.5!
The also write about why it took so long to develop this:
We know that it has taken much longer than everyone has expected for us to get to this point. Development has taken much longer than originally planned because we made the decision early on that we should build communities for Steem and not exclusively steemit.com. In other words, we wanted to build a Communities layer that every Steem developer could leverage. This would create a unifying layer that would enable the Communities you see on one Steem application to be the very same Communities you see when you visit other DApps powered by Steem. While this decision added a lot of time to the development cycle, we feel that the value that this new software will add for developers will make it well worth the wait!
I think this is well worth waiting for!
Steem price
I'm currently carrying out the plan I made.
(Again I don't know if it's the right plan but it's my plan.)
I'm buying STEEM everyday with the SBD that I bought.
The SBD protects me from a falling STEEM price while it allows me to slowly buy STEEM on the internal markets.
Of course when STEEM goes up from here and SBD doesn't go up with it I will lose out.
I accepted this risk. I consider my current tactic also a hedge.
If STEEM goes up from here I would be extremely happy.
I talk about it more in my vlog.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
We are the creators of Steemify a notification app for your Steemit account for iOS.
Get it Here:
My video is at DLive
Smart work ,from a smart businessman ,fantastic dear.Think the same way,sbd may not increase like steem price,so it is the golden opportunity to increase sp.Good luck.
I sometimes buy Ethereum with my SBD, and then everything drops like a brick. But Steem drops faster and then I buy Steem with my Ethereum.
I love your plan. And you are right about your emotions. Just keep smiling and buying. Maybe a few more months and then this B.S. will be finally over! 😎
I've started exchanging SBD for Steem @exyle. Just a bit everday. I'm still hoping it will got back to where I can get more than one Steem for one SBD. 😂
The application would bring about a development to the world of steemit, I have read about it too yesterday.
You are very tactical, I believe you will surely make more profit once steem increase in price and sbd remain at $1
Mark @exyle I am going to see how the price of SBD's and Steem act this weekend before I make some moves.................It is such a good feeling to buy when lots of people get discouraged.............
Steem = $1.34 and falling.
Tipuvote! :)
Thanks!
Thank you for the update on hivemind, I can't wait to see how it all turns out with the formation of communities on steemit and related platforms. Hopefully, this sideways action in the market will be over soon and your steem/SBD hedge strategy will bear fruit :)
Let´s wait for the "fun stuff" to happen with Hivemind!!
@ned ´s powerdown will work as a boost in price of STEEM later on, to much attention given to that, I think.
Well thats a nice strategy. I can only hope that Steem and SBD go up. It has been a while now and it is really frustrating :(