Attention Steem Holders: Did the VICE snapshot of the steem blockchain just happen?

in steem •  6 months ago

It sure looks like it did, at least according to the VICE Whitepaper.

If my reading of the VICE Whitepaper is correct, it looks like the VICE snapshot of the steem blockchain was scheduled to take place at block 18,500. (typo of 18,500,000?)

"Upon the token’s launch, 400,000,000 (10%) of the genesis tokens will be air dropped to Steem holders of block number 18,500 on the Steem Blockchain."

(Source: https://vicetoken.com/static/Vice_Industry_Token_Whitepaper.pdf)

We are currently on block 18,600,000.

(Source: https://steemd.com/)

Which means the snapshot happened within the last couple hours if that is indeed a typo.

Cool! What's a snapshot and how does that benefit me?

If you are not familiar with what I mean by "snapshot", basically it just means that the data will be recorded at that point in time and later coins will be airdropped according to the ownership at that time. The time of the snapshot.

I'll give an example of what I am talking about below.

According to the Whitepaper it looks like 400,000,000 million VICE coins will be airdropped on steem owners as of their holdings from a few hours ago.

If you take 400,000,000 and divide it by the current number of steem in circulation, (roughly 263 million), you get roughly 1.52 VICE coins per steem coin.

Which means you can take your steem total and multiple it by 1.52 to see how many vice coins you will receive when they are airdropped.

Using my total as an example, we can see that I would receive 1.52 x 116,000 (my steem power), which would be equal to 176,320 VICE coins.

Cool! How much value is that?

Well, the ICO is pricing VICE coins at $.05 per coin, so to get the total value received based on the ICO price we would just take that 176,320 number and multiple it by $.05.

Which would be equal to $8,816.

Not too shabby for a free dividend!

However, often the ICO price differs significantly from what the coin actually trades for when it goes out into the market place.

What happens if instead of trading for $.05, it trades for $.10 or $.30 or $1.00?

You can do that math from there to see what your air dropped coins might be worth. ;)

It will be up to you to decide whether you want to hold these coins when you receive them to speculate on future price incrases or liquid it them right away to realize your profits.

Either way, congrats on your free money!

Stay informed my friends.

For more information on VICE, read their Whitepaper here:

https://vicetoken.com/static/Vice_Industry_Token_Whitepaper.pdf

Follow me: @jrcornel

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I'd say that's some good news right there.

Question: how does one collect their portion?

Do you have to have a VICE wallet, or does it become part of our Steem account? Email notification? You don't know? Read the whitepaper? Lol.

Thanks for sharing the news! :)

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That I do not know. I would imagine it will be similar to what happened with bitcoin and bitcoin cash. Where exactly you collect it if you hold all your steem in your steem wallet on steemit though, I do not know.

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Right. I did read the whitepaper (quickly). It doesn't say anything about how (or when) the airdrop will occur.

I'll post about it or at least send you a .oo1 sbd message if I come across any info.

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Thank you. I will do a post about it when I find out as well.

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i mean do i need to hold steem power ?or steem dollars ? to get this airdrop ?

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It should be for any steem owners. (Steem power is also steem so that would count as well). SBD probaby not

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Just be careful using your Steem keys on any unknown website or app...

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I think this will help: Chang your password on steemit first after any share drop (then any other share drops like golos that have the old password) then make a claim. It is better if you can claim using the active key and don't have to use your master password or owner key..

One more thing: never delete a private key

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Good advice. Just changed mine.

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Were Steemians had a share of the Airdropped Golos tokens or are you just giving an example?

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We were, yes. Only accounts before a certain date with a certain minimum Steem Power however.

Your account has some.

https://golos.io/@urbanoid/transfers

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Ha! Thanks to this, I just found out I have a little Golos.

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how do I check if I have some golos or some freebies? and how can withdraw if I do have some?

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Your account is too new. However, you could check by visiting http://golos.io/@carwilva . If you had some Golos you'd see an account page there.

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yes I guess I don't , my act is like 5 4 months , thanks for the info anyways cheers

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Hey Demo, do you know what the cut off actually was? Like "the July" account creation date probably?

Edit. Shudang... I did not benefit haha...

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First time I heard of this and tried to check mine. Some figures there but I guess no use to me. Cannot figure out the Cyrillic script. LOL.

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Yes, that is great advice!

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Very good advice. Thanks for the warning.

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and by be careful you mean
DO NOT DO IT!

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Unfortunately we’re on block 18,500,000; not 18,500. With 3 second block times the snapshot was of Steem about 15 hours after the chain launched and is rewarding only founders.
I was disappointed by this, as well as the fact that Vice is starting its own chain and not an SMT.

To be fair, I do harbor the hope that it is a typo in the Vice white paper. 18,500,000 does correspond in time very well to the beginnings of their token launch - which may be no coincidence.

(Sorry if I’m replying a bit oddly, I’ll admit I did jump in here for visibility of the info!😬)

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I thought typo the entire time. Has Ned or any of the other founders commented on this at all?

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I’ve never seen any official mention or commentary. I’m hoping typo, but it does make sense if it is meant to target Steem founders. We’ll see!

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Yes I could see it making sense either way. Though, it would be a major bummer if that is "all" steem got out of a deal that will ultimately birth a competitor...

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Oh man. Talk about missing the vital stats in the excitement. It says it right there in the whitepaper too. It's not a typo on the article here. It does seem like a hard typo to make. Big difference in zeros.

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Block 18500 was way back in March 2016 before the paper was written, so that makes no sense.

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Those are my thoughts as well.

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We can hold out a little hope! Vice lists their pre-sale as starting tomorrow, so it seems logical that the Steem snapshot could have been envisioned to take place just before that. And for those used to blockchains like bitcoin, 18 million blocks may seem crazy and account for a white paper typo!
However it is likely that when Vice changed their strategy from an SMT to their own chain, they may have scored some extra tech support and consulting from Steemit Inc. with free shares aimed right at the founders. We’ll see!

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I would like to know this as well.

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Me too, how do you get your hands on these.

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I was going to read their whitepaper.
until I discovered that I had to DOWNLOAD IT! to do so.
nope..
what if it's NASTY?

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It does refer to some nasty things, but nothing nasty per se. Lol.

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They say: if your not sure what to do, just hold...

Interesting. Would be good to know how one goes about claiming their tokens. Thanks for the info.

Does this VICE comin to us has anything to do with a recent 100+% spike in STEEM price?

What do you think?

Let me hear your thoughts & considerations...

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I think there is a good chance that is part of the reason for the recent price increase. Though, I don't think it was the only reason. Daily active users have doubled in the past month, now over 45k per day. That has to account for some of the move.

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good stats, i am wondering how we actually get the vice coins?

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Send me your private key ;) #notascam

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I think so.

😁😎😁. Seems to me your block reference is off by Billions. Steem founders appear to be getting 100% of the airdrop. Holders at block 18,500; not 18,500,000

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I think you mean millions ;) But yes, it is certainly possible that was not a typo, and the block reference was for block 18,500 (not 18.5 million), exactly as written. We will know for sure in the next few months.

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By the way, give @ironbrian a look, he might have some stuff you'd be interested in ;)

When will this be implemented into he paltform ? I have to do more research on this matter

Great news for those who been in steemit a long time.

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It's a porn site. I'm not excited about this direction. Steemit already has enough seediness. Even though this new venture promises good things for the economy, I remain cautious, at what cost.

I'm new to crypto; and, will definitely be mindful to not get carried away by hype.

Peace.

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It really has nothing to do with steem or steemit going forward. Just a one time air drop to current steem holders.

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Just a one time air drop to current steem holders.

Geez, a STEEM bonus of sorts...I heard mention of this a few weeks ago. It will be interesting to see if it comes to fruition.

Peace.

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An automated distribution mechanism, based on, or much like SMT?

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It is a fork of the code. Unfortunately it's likely to be a competitor to steem going forward. That is what we get with open sourced. At least we get the air drop though should VICE ever make it big.

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competitor to steem

From the reviews, VICE could be a thorn in STEEM's side.

At least we get the air drop

A lot of the serious investors have already said, should this happen it's going to be a quick sell for other up and coming cryptos.

Peace.

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Interesting outlook.
What if, it drove the price of STEEM to $100, then how do you feel?
Just to consider, we have to solve any porn issues in this community regardless of any financial considerations, and many other facets of this to consider.

Lack of censorship has been a huge driving force for STEEM thus far..
Creating our own reflection of living, was always our intention. And sex is a part of that, to the extent we can manage it in a healthy way.

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What if, it drove the price of STEEM to $100, then how do you feel?

This would be a mega blessing. The reality is that while we are in the world, we should not be of the world. (John 17: 14-15)

Porn is indeed a huge part of this decentralized platform. While I don't like porn; I love the decentralization concept, and the respect Steemit requires to protect the under-aged, and uninterested with use of the NSFW tag.

Creating our own reflection of living, was always our intention.

Good point! As adults, we have free choice on what we welcome into our being; with an awareness of the good and bad consequences they present.

Peace.

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Like it or not, porn has been the driving force in advancing video technology, including internet streaming. Some 30% of internet traffic is estimated to be porn. If decentralized blockchains are the future of the internet, this sort of thing is going to be a big deal.

As others have pointed out, this isn't so much a reflection of Steem as a copy with some different features and goals which could compete with some current uses of Steemit. If you don't like the seedy side of Steemit, this could actually be good news, as users may prefer to post that stuff on VICE.

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@scottyeager As we know, there's nothing new under the sun. Porn has been around long before it had the name.

as users may prefer to post that stuff on VICE.

Porn is a billion-dollar industry. Beyond prayer, and sharing the truth about it's destructive force as warranted, I don't concern myself with it. One has to stay reminded that God gives everyone FREE WILL. The wise person weighs the consequences.

Thankfully, Steemit has the NSFW tags to prevent it being a factor for bloggers. Prayers for those who are addicts that they yield not to temptation.

Peace.

Thanks for posting. I'll certainly do my research on this moving forward. Question @jrcornel... Has this has happened before? I would be curious to know if there is some outstanding shares of another token floating around out there for steem holders. Do you know anything about that?

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As I noted in some above comments, I don’t believe this sharedrop will affect many Steemians. The referenced block occurred on day 1 of the Steem chain.
The only other sharedrop I know of was the launch of Golos. Steem accounts at the time it launched had an equivalent account created automatically.

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Thanks for clarifying. Golos doesn't appeal to me. ^.^

Enjoyed the read. Thank you!

Thanx, I didn't know anything about sharedrop!

This is the thing where Steem gets popular enough that the good news just doesn't stop rolling in. Feels like we're just warming up, even though our price is at an all time high.

I wasn't planning on investing in any non-Steem coins right now... but I mean, an airdrop, may as well hang on to some free tokens! Love this.

Wow this is really interesting... how can we claim VICE coins?

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I am not sure at the moment. They won't be airdropped for a couple months still. When I find out, I'll do a post about it.

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That's exciting news

Hmm, thanks for sharing this information. I did not know that!

Where do these coins get dropped? in your steem account?

Steemit keeps getting better as more people want to link there projects and coin up! And we have not even started at SMT's yet! The future looks bright.

That's one "steemy" airdrop!

This is awesome, had no idea about this. Glad it works with vested steem as well, Can someone link me some info on why this coin is being airdropped to steem holders, will there be other coins like this in the future?

Interesting. Wish the site would work.

I will take free money...

I'll take all the free money anyone wants to give me.
this is the first I've heard of vice.
I guess I'll have to see if I can understand their whitepaper.
wonder what exchange they'll be on to airdrop to?

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Airdrops don't work that way. Keep the coins in your steemit wallet and you automatically get the coins. The bad news is if the airdrop was really 18,500 only the founders of Steemit will get any coins anyway.

Hey @jrcornel ! I would kindly like to ask for your participation in a non-profit research project driven by the European Blockchain Center in Copenhagen. We want to interview STEEM users and developers in order to explore emerging behavioral patterns, forms of organizing, and business models enabled by blockchain-enabled creative social networks, such as STEEM. Hopefully we can get you on board :) for more info, please see: https://steemit.com/steem/@raci/exploring-blockchain-enabled-creative-social-networks-participate-in-the-first-research-project-on-steem

Are you really interested in Blockchain?

It is always nice to get some free coins. Wonder if Steem power will count towards the snapshot and I guess it might be a thing if you hold steem on an exchange or other wallet. Guess we’ll all know if and how we can claim these in the near future.

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Steem power should count as well

Hi @jrcornel! You have received 0.2 SBD tip + 0.07 SBD @tipU from @cardboard :)

Check out new tipuvote! feature :)

Freakin badass Steemit!! I literally lost everything this past year and had to start again a few months ago with a couple of steem and bitshares accounts I happened to save about a year 1/2 ago.. But honestly it's already rolling and rollin again thanks to Steemit! Love this platform !!!
@koh @ballinconscious

Steem start break the all record, today's i have seen the way

As long as I can convert it to Steem, SBD or Bitcoin, I'll be happy!

Congratulations @jrcornel, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 44 and the total pending payments to posts in these categories was $2899.23. To see the full list of highest paid posts across all accounts categories, click here.

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Oh, I wonder how much SP I had at the time. Airdropping tokens is a great way to get people involved in a project, especially if the token has applications shortly after its release.

It's hit up to higher

This is the best news I've heard so far since UTC/GMT 0:00 :-) I wasn't even aware of this VICE airdrop plan until I saw this post. Is this the reason STEEM had gone up over the past couple of days?

I don't have many STEEM units in my account. But I'm glad I had sent them over from Bittrex a few months ago, and had left them there instead of cashing out immediately from the price appreciation. It's not like I'm going to be rich selling those units. The better thing to do is to leave them here. I do get some satisfaction from upvoting useful posts and comments although it's currently just 3 cents.

Wow.. this is great news! Do they calculate by using steem coin or steem power? Thanks for sharing!

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Steem and steem power. Steem power is steem just a restricted form of it. :)

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Thanks J!

Please help me....
Do you need to have a VICE wallet, or is it a part of our Steem account? Email notification? You do not know? Read whitepaper Lol.

Its a good reason for price. although not the only source daily users are doubled that counts for much more use.

I wonder if the VICE snapshot will be an incentive for people to join Steemit? I certainly hope so as I would like to see more people reaping the benefits of being a part of the community.

So they want to pay people to watch free porn? Is that what I'm gathering? (I skimmed the whitepaper).

I'm interested in seeing how we get "airdropped" our tokens!

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well it looks like the plan is to attract all kinds of media to their blockchain eventually

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Yeh Im sure @jerrybanfield has already done a video on vice saying they were going to use SMT's.

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That was incorrect. They are forking the steem blockchain, not doing an SMT.

Too bad that I just joined and have almost no Steem. ha ha. Too late for this snapshot, but maybe the next one will be better.

That sounds incredible - airdropped! Thanks for the heads up. How do we claim the tokens?

Thanks for posting this. I wasn't aware of this happening. It's always great to get free coins. I'll probably have to read up on how to claim this free money.

Steem reched 0.00038 now
Good sharing

If bitcoin is any example, something like this could end up happening many times in the future. Interestingly, that's a far better incentive to holding and accumulating SP than the current ones..

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Well said!

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This is my thinking. I see huge potential.

How does this work with coins that are 'powered up', and the ones that are listed on a exchange?

Great information. Been curious

thank you for sharing

thanks for sharing the info

Did somebody say "free cryptocurrency?" Don't mind if I do!

wall i am researching on ths from few day and i think it will go up more then this it will touch 15usd and it will stop there but there are many chances of going more huger because the bitcoin and all currancyes are going up and steemit is getting more users day by day so i think we should save some steems ... it can give us profit thanks

Very interesting! I am always happy to accept free coins, so I'll make sure to claim mine once someone figures out exactly how to do it ;) Thanks for letting us know, @jrcornel.

What if I want to use the coins for my viewing pleasure hahaha

Heck yes. This is awesome. I knew it was a good idea to invest in more Steem a couple of months back. I just didn't know how much of a good idea it was then.

This is really great News for all Steemholders and I hope that all of the upcoming ICO will Airdrop tokens to the Steemholders...Steem On Guys!!!

woww that good. Thanks for the info!!

free coins!! i dont think i have so much steeem but still!

That's always nice to hear (free money), thanks for the news! Any idea how this air drop will work? Will they be sent to our STEEM wallets? Or will we need to set up a VICE wallet too?

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I am not sure on those specifics just yet.

Wow, I had no idea about this! Great post and relevant information! This is very interesting, and helpful. Thanks so much!

Fellow Steemians, remember Greed is a Siamese twin of Poverty.

Before doing your 'homework' don't start down a rabbit hole trying to gain your part of the 'drop', leading to an offering of all of your private keys.

If @jrcornel's math is accurate, it sounds like something to look forward to. However, should this prove out, don't forget to read the fine print. It may cost your soul...let's pray not.

I know Vice is 'unrelated'; but I can't escape the thought that this is also an undercover department in law enforcement. (lol) But, something to think about. As @everettdmickey noted, downloading is a potential entry to a rabbit's lure.

Note to self:

Remember, it's true, "A fool and his money soon part."

Stay calm.

Do your research.

Have a plan.

Peace.

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Let us all turn a kind eye on everyone this winter.
Micro loans, and friends in need, it covers a broad spectrum..

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Let us all turn a kind eye on everyone

Yes, Steemit has been a little like a war zone recently, with the 'battle of the whales' in full-effect.

Good thought to ponder!

Peace.

Very cool. Wish I would’ve known sooner because I would’ve stocked up on steem. Oh well. So where will these tokens be airdropped to?

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I am wondering if this was part of the run up in steem the last few days. People buying in to get in before the snapshot?

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So we can Steem to go down again? That's sad.

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I doubt that was solely the reason for the move up, but probably part of it.

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No. It’s ok. Because people probably powered up that steem here on steemit. So the growth will last for at least 7 days

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Now THAT makes alot of sense. I'd originally thought it was insiders giving us an early Christmas present. That's no VICE! :)

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Good point. But that’s ok cuz if people powered up that steem, we will sustain this growth for at least 7 days waiting for them to power down. I’m waiting for sbd to get well above $10 and then I’m cashing it out. I wish sbd would rise higher as quick as steem did

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I commented above as well, but wanted a direct reply to you @jrcornel, to maybe add an addendum to your article. Unless the Vice white paper is a typo, it is rewarding Steem founders only. Block 18,500 occurred about 15 hours into the launch of the Steem blockchain. We just passed 18,500,000!

That is interesting.

@jrcornel You know something, I always see your publication to inspire me Someday I will be in trend and you will see me. I always see you ... greetings and may God bless you and spend a happy year full of blessings, this has nothing to do with your subject, but with the treatment of what you read

What? wow, cryptos be crazy ... I don't get how this would all work but thanks for the heads up ... mind blown!

Sounds pretty good. So is this an implementation of the revolutionary smart media token?

My I ask where u r at in az?
I'm from there, moving back this year.
Would love to meet up with you some time; r u phx area?

Sounds great, almost to good to be true!!

Very nice

This is good news . can you currently store Steem on any hardware wallets?

@jrcornel Thank you for the info! This is like music to my ears :D Best wishes.

Sad I had only few steem power..

Wow ! great news free vice tokens ! Thank you so much for your effort !!
A lots of new year wishes for you 😍🎇🎆🎉🥂🎁🎈!

I have made 2 posts trying to find info on this ICO and have not found any news on it.

Where is the ICO?
Where can we buy some VICE coins?
How do we get this free money?

Great news! Will it show up on all exchanges, or I have to send my Steem to a specific wallet?

has anyone redeemed these vice coins?

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They won't actually be airdropped until the coin launches, which won't be for a few months yet.

Thank you for the intell, that's super cool!

vice gazua~~

I'd make sure to keep your old password should you change it after the fork. The key change transaction will only be on the Steem blockchain.

This Vicetoken look poorly planned, it's the 10th time I read about block 18,500. There are more than 18 000 000 block on the Steem blockchain.

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Yep, noticed that too. Looks like they forgot a couple zeros when they put it on their whitepaper. To be honest I am a little more excited about Bob's Repair than I am VICE ;)

Read the white paper and holy wow. Vice Coin will explode if they can pay people to curate porn and build the platform further. Great post and congrats to the early adopters and your free coins.

Have strange thought just looking at this. Like if we have steem some moments ago, we will have some VICE. :-) Guess it applies to steem only and and not SP. hmm... is that why the price of steem been up last 24 hours. someone who knows about this trying to get free VICE.

Is vice connected to the hipster magazine of the same name?

please vote my Photo

Thanks for the information. I wasn't aware of any of this. Another added benefit of being part of the great Steemit community. I'll have to start following VICE.

Wer can i view my free coin? Thank you! :)

Will condenser be capable of transacting these toke s??

As other SMTs are created will there be an airdrop to steem power holders?

That is awesome!! Whooohoo!

Hi, how do we know at what date block 18,500 was reached?

@jrcornel
Now we know what you spend your free time doing, lol

Just kidding, thanks for the information. Had to go and google vice industry to see what they are about. Interesting concept, am sure it will do extremely well.

blessings. enjoy vice. haha

@jrcornel - that's some great news out there? However, do you need to hold Steem to be eligible for the airdrop or would holders of Steem power also be eligible?

Secondly, where can one see these airdropped tokens?

Thanks for your answer, in advance, and for a very informative post!

very great can you vote me please thank

hat's off bro. thanks for this advice. it will help me.

Great work, thanks for the breakdown. I am a noob so let me get all of this straight... This is a free, ad free platform, with a high bandwidth limit, set up with a rpg video game style interface (power ups,online interaction, etc), value owned by its participants that get to freely exercise their voting right on what content is worthwhile, outside of international status quo financial policy. And now there is a "dividend" involved. If only steem could be built just a little bit more to target millennials.

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Was at a nye party with many 22 year olds. I found one with some crypto knowledge and told him about steemit. He was extremely interested in it, but the rest of them had very little understanding of blockchains or any economics. Not there fault, the school system has programmed them to not learn real economics, I had fun talking to them about it for sure.

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That's awesome glad to hear the response. I don't want to make it sound like I am hammering on millennials as a whole, or even that much at all. They will actually be what drives forward economic past these next few years as so many people hit the retired stage of their lives. Besides, they have a heck of an act to follow in wrecking the country more than what the baby boomer generation has, lol. Now that is a generation of people that deserve to be indicted in whole as a generation for outright squandering a nation's potential and current growth for years. Full disclosure I think I am too old to be considered a millennial being 38.

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Right there with you, Im 36 and been studying our economic history a long time. The younger kids have a lot more information available to them if they can get past all the social media distractions they are constantly attacked with. I am hopeful, but it's slow going

great news

So when vice.org is launching ? Many steemians are eagerly waiting for vice.org launch. & You better know the reason why 😂😂😂😂

Nice post
Please Follow Me @mindsmania @farhanrajpoot129 Like And COment On Our Post
DQmNuF3L71zzxAyJB7Lk37yBqjBRo2uafTAudFDLzsoRV5L.gif

Thanks for the heads up! tip! 0.2

Great post and information. Free tokens are always great @jrcornel

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Clean up on aisle brown :)

BTW what is the market cap of this and what is the total supply for VICE ??
Can you please mentioned the date of ICO.

Interesting. If so be sure to be careful with your keys especially your master key!

I don't really understand what you just said. Am I going to need to do something to get this so called free coin? Am I going to need to have a place to hold these free coins, or is the steemit wallet going to have a new set of lines saying vice dollars? And the big finale question is, Why is someone giving me free money, is it a philanthropic society group or something?

Re-ha-eally....

Good to know my man thx for the info. I had no clue, however it wouldn't be the first time something like this has happened.

Cheers to it all the same!

Thank you so much my friend carry on your life

Awesome dude, will check out the whitepaper