RE: Is STEEM ever going to be worth anything or what?
Then one day the CEO of Tron, Justin Sun, bought the Steemit blogging platform, and in February 2020, took over the Steem blockchain itself, causing the chain to irreversibly split in two, giving birth to it's descendant HIVE
Hi @coininstant
I know that this is very popular myth that is being spread around. But if anyone would dig deeper , then "truth" would shock him/her.
Building HIVE took months of coding and testing. And I found out that team behind HIVE blockchain has been working on it of several months before Justin even appeared in the picture. So trying to blame Justin Sun for causing this fork is far from truth. So very far.
How can you explain it? How is it that HIVE have been already beta-tested and ready to go public by the time Justin Sun purchased Steemit? I would like to hear
Good point, I hadn't heard that myth. The only reason I can think of is that if I recall steemit had just gotten out of beta, and hive hard forked the steem and beta tested version of steemit, so all they had to do was use a text editor to replace all instances of steem with HIVE and a few other things to hard fork and clone the new platform.
Honestly I don't know, maybe it was their plan all along, maybe it was like a back up plan because they understood the vulnerability and realized that it would only be a matter of time. Also some of the steem whales probably were in talks with dan, and they knew he was going to sell, so they got to work on plan B HIVE! haha Thanks for the interesting comment.
thx @coininstant for taking the time to reply to my previous comment