I guess most of the people will be doing a cross posting. And by the way there won't be an automatic mechanism to convert Steem to Hive. When the exchanges are ready, we have to just dump Steem and purchase Hive.
I guess most of the people will be doing a cross posting. And by the way there won't be an automatic mechanism to convert Steem to Hive. When the exchanges are ready, we have to just dump Steem and purchase Hive.
Wrong. You will be give exactly the same stake in HIVE via airdrop as you have in steem. No need to purchase Hive at all. You get the extra bonus of trying to cash out your steem, but be warned the price with collapse when we all do it at once.
When we move completely to Hive, what are we going to do with Steem that is going to die gradually? That's why I said we can just dump Steem and buy hive for that. Well this is my opinion. I don't foresee any value for Steem as after centralization it will gradually become whaleshares and die. Better to dump early.
sorry... that wasn't clear at all. but yes, dump asap after the snapshot and pray Justin's ego finds a way to prop the steem price up somehow for a while...
dump means, are we saying steem will have no value
Many big stake holders have already decided to dump their Steem after the move. When more people dump for market price, the value will gradually drop. Check this out.
https://steempeak.com/hive/@pharesim/bye-steem