Steem a safe haven asset!
View this post on Hive: Steem a safe haven asset!
In mid-February 2020 Justin Sun acquired the shares in Steemit Inc and proceeded centralise the blockchain under his control, improperly using Steemit's founders stake (intended for development and decentralisation of the blockchain) and tricking exchanges into initially supporting his power grab.
After extensive efforts to resolve the dispute failed, the community revolted and formed a new, fully decentralised blockchain - Hive - without the pernicious influence of Justin Sun and his minions.
Because of Open Source licensing, Hive was legally able to duplicate all the code and content on Steem.
The vast majority of the community and decentralised applications and projects moved to Hive and Hive was listed on many cryptocurrency exchanges without having to pay the normal listing fees.
On 19 May 2020, a Steem hard fork (0.23) designed to steal the Steem from 65 accounts associated with creating Hive became public.
My position on this hard fork can be found here: https://peakd.com/hf23/@brianoflondon/letter-to-exchanges-do-not-run-steem-hard-fork-23-hf-0-23-0
This was the final straw for my involvement with Steem.
I will now post exclusively on Hive at https://peakd.com/@apshamilton/posts
All my old Steem content can also be found on Hive.
On a day of absolute carnage on financial markets Steem has fallen less than almost everything.
Maybe it’s a safe haven asset?
It does have the biggest and most active community in crypto.
yap - but i think it is partly because of the massive shortage of supply (-40%) due to binance/huobi/poloniex move
True, but only those in the know understand this. To typical crypto investors it looks like a safe haven.
Posted using Partiko iOS
Been watching all day. Pretty astonishing how little it's moved.
It's good to see - could it have anything to do with the fact that three well known exchanges have mistakenly locked up their liquid Steem into Steem Power at the minute!?
Steem is not a coin. Steem is a community.
Posted using Partiko Android
Steem is not a coin. Steem is a community.
Posted using Partiko Android
Hi @apshamilton!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.108 which ranks you at #2228 across all Steem accounts.
Your rank has improved 7 places in the last three days (old rank 2235).
In our last Algorithmic Curation Round, consisting of 69 contributions, your post is ranked at #60.
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