This is not financial advice

I didn't get around to any trading yet, besides selling my liquid Steem for SBD, but it's fun to look at the price.

Steem lost about a third of its value today:

If Steem drops from 30 cents to 20 cents, does that mean Hive will be worth 10 cents? No, we can expect the combined value to be more because of the buzz around the chain split.

Currently there's a huge spread between bids and asks on Ionomy, the only exchange where Hive is traded so far, while there's very little supply.

As I'm writing this, the Steem price is 3142 satoshis according to @coingecko. That's within the spread for Hive (2600 to 4999 sats), so we're around the same level.

@revisesociology was lucky to get a higher price.

In the short term, we can expect wild swings as a result of dumping from both sides. Steem might do well financially for a few months, since it's attracting people who are motivated by money. But I hope Hive will eventually do better, because the platform is more useful and more people will be using it.

Hive is buzzing already, but I can't post there, although I can comment, both on Peakd and on hive.blog. Does anyone know what the error "Missing Posting Authority edb" means? Here's the code it comes from but that doesn't tell me what's wrong.

Update 21 March: Apparently, the problem was that I tried to change the rewards to 100% Powered Up on the posting page.