RE: Binance Giving Priority Transfers to Justin Sun While Blocking Other User Withdrawals | Steemleo Show #23
I'm glad I bumped into this thread. So Steem is forking and finally ridding itself of stinc. Does that mean all the pre-mine will also be excluded from the new fork as Loki (probably spelled the name incorrectly) wanted to do so long ago, but wasn't able to get enough support to actually pull it off?
And when we do fork, how will people know which front end to use? I've been using steemit.com from the start and never stopped using it. I imagine once the fork takes place, it will not support the new branch. I think this kind of information needs to be widely published so that people will know what it is they need to do to continue to access their accounts and new Steem replacement tokens.
Will we need 2 wallets if we want to keep both the old and new Steem? I'm sure I'm not the only one who has a ton of questions about how to deal with a hard fork of this sort.
Steem and Steemit are both done! Whether it is the old Steem or the new one, both will quickly become worthless once Steemit folds...and make no mistake about it, it will fold. Justin Sun did not buy Steem / Steemit to enhance or even save the platform. He bought it salvage what he could, cash it in, and shut down the rest. Those who are left holding Steem once it shuts down will lose their money.
I guess time will tell.
Why do you think the new Hive chain will also die? I assume that's what you mean when you say, "the new Steem".
Tron (Justin Sun) is now in control of Steem and Steemit. Sure, a few Steem/Steemit die-hards may very well try a hard fork, but history has shown that rarely if ever does such a venture work. There is a lot more to branching out than buying or renting a few servers. It takes tens of millions of dollars, and numerous business connections (contacts), to be even modestly successful, otherwise you would just be pissing money down the drain. Many have tried...and most if not all have failed.
Ah... I see.
Good thing I didn't put a lot of money into it then. The whole thing of blockchain coins is a gamble, so don't gamble what you can't afford to lose.
Thanks for the warning. Its always good to see things from all angles.