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RE: Official Announcement - Steem fork will be called "Calibrae"; DNS will be calibr.ae
Having never experienced a FORK before, can you tell me (and others who may not know) what happens to the old account / new account? If everything is duplicated, I can't see everyone all of a sudden owning twice as much Steem (an equivalent amount on each fork).
Must people make a CHOICE of which fork they follow? Can they maintain an account on BOTH forks? What if they choose one fork and later decide that was a mistake and they want to move to the other fork? What if they want to keep a foot in BOTH forks?
Are you able to explain in plain English how the average user will be affected by such a fork?
Thanks!
Yes, everyone ends up with twice as much, except the preminers. But the new coin, which has yet to be named, will have no way to be sold, until someone makes one. This may take even as long as a month, or more.
In the meantime, the idea would be that bugs start getting squashed and people start to see how the distribution goes when there is no false premined stake. We can't erase what influence they had in building some accounts up, but those accounts won't be so absurdly huge.
You got me there, also, on the question of other coins... I want to remove SBD, completely. In fact, this would allow the elimination of two currencies, if you just have VESTS, the base unit, and the deposit contract. I didn't even think about this one until just now.
Don't be so sure you've never experienced a network fork. Go to golos.io and you can login with your account if you're a Steemit old timer like myself. You can also get BCC if you have any bitcoin from before August. That's two.
Nope and nope... I'm relatively new to steem (not quite 3 months) and I have no Bitcoins (nor any of the other cryptocurrencies). Steem is my first experience with crypto's.