SoS Daily News : news about the State of Steem @ 19 January 2019

in steem •  6 months ago  (edited)

Another big day for Steem.

The STEEM price continued to climb - peaking at just over US$0.39. SBD was heading back toward dollar parity.

STEEM reached the heady height of #40 at one point on

The Steemit Inc powerdown went ahead as planned.

Debate continued and so did the Powerdown

Following on from the launch of the StopThePowerDown Community Petition by @thecryptodrive Saturday saw much continued debate from all quarters.

StopThePowerDown was the topic of the day in posts, in comments, on radio shows and in the temporary Steem Reform Discord server set up alongside the Petition.

Steemit Inc CEO Ned Scott even made a brief appearance in the Steem Reform Discord.

Meanwhile the price of STEEM continued its recent upward trend reaching $0.39, with an accompanying climb to a #40 ranking on

There were no further statements or open letters from any top 20 witnesses, although @jesta who had just dropped out to #21, posted a detailed account of recent events...

The powerdown went ahead as planned and the first installment of around 2.6 million STEEM appeared in Steemit Inc's @steemit wallet at approximately 3am UTC.

This liquid STEEM was then sent to the Bittrex exchange, some via a secondary @backup-bittrex account.

Following the transfer of the STEEM Steemit Inc cancelled the powerdown.

A new powerdown of 42118188.068 SP was then started. This now included the delegations withdrawn last week from @dsound, @musing and @sndbox.

Peace at last...

Meanwhile @ned and the witnesses continued discussions.

Three hours after the powerdown and Bittrex transfer @thecryptodrive updated the Community Petition...

Latest update: @ned and the witnesses present in the Steemdevs Slack seem to have made peace. We asked if we could set aside our differences and work together to make Steem great and Ned said “Yes, I will”.

I further suggested we all take a breather, have some cold ones and enjoy the rest of our Sundays.

Hopefully the funds that were sent to Bittrex 3 hours earlier will be returned to chain and future power downs stopped.

Price update...

Since these events took place the price of STEEM has been falling.

At the time of writing (20 Jan '19, 1.23pm UTC) STEEM stands at US$ 0.358, with a drop in the ranking to #43.

KEY DATA [ from CoinMarketCap & @arcange ]

(change on previous day in brackets // n/c = no change)

Steem price US$ 0.390 2019-01-20 04:30am UTC
SBD price US$ 0.947 2019-01-20 04:30am UTC
Market Cap US$ 121,041,725 2019-01-20 04:30am UTC
CoinMarketCap Ranking #41 (+1) 2019-01-20 04:30am UTC
No. of Whales 36 (n/c) 2019-01-18
No. of Orcas 318 (-2) 2019-01-18
No. of Dolphins 1979 (+1) 2019-01-18
No. of Minnows 9097 (11) 2019-01-18
Alexa rank ( #4161 (-1) 2019-01-19 11:20pm UTC

Follow @penguinpablo for more statistics.


@ned - The Guiding Mission, Vision and Values of Steemit, Inc

@steemitblog - Hivemind + Ruby

@steemitblog - Hivemind is Live!


#21 @jesta - The recent controversy between Steemit Inc and the community - the premine, control, and where it leads this blockchain

#22 @cervantes - Witnesses can be trusted

#36 @blockbrothers / @exyle - Vlog 389: I have zero rights to say what anyone else should do with their stake

#38 @emrebeyler - Witness update: New infrastructure, projects and statement regarding recent incidents

#50 @fyrst-witness - 100% Carbon Neutral ECO-Friendly STEEM Blockproducer!

#52 @helpie / @meno - Precarious positions

#69 @steemcommunity / @abh12345 - Uninfluential Witness adds 384 words to Steem blockchain on recent events

To keep up to date with more posts from witnesses follow @witnesspage ...


@cryptoandcoffee - How important is having a strategy?

@cryptocurator - Managing Conflict With Humour : Nordberg, Witnesses & Ned

@denmarkguy - Steeming Towards the Future: Of Forced Hardforks, Revolutions and Banana Republics

@kabir88 - N^2 >[(((1/x)N)^2)+(((x-1/x)N)^2)]

@lordbutterfly - STEEM marketcap recovering. // How high can we go?

@lostmine27 - [en/kr] In the midst of confusion, there was a big change in the TOP 20 witness rankings. (혼란의 와중에, TOP20 증인순위에 나름 큰 변화가 있었네요.)

@sisygoboom - An Update From Wirex (Debit Card Interested In Listing Steem)

@steemmatt - ConSteemacy Theory

@taskmaster4450 - Why Steemit Inc Selling It's Stake Is A Good Thing!

@tarazkp - 200+ million mined Steem?

@tarazkp - Rage against the emotions

@tarazkp - The most valuable year in a lifetime?

@tcpolymath - I will not participate in any consensus fork or true fork designed to remove stake from Steemit Inc

@whatsup - I Wish I Could Ethically Support Burning SteemIt, Inc's Stake


@canna-curate - HashKings!

@homesteaderscoop - Contest Recap: Product Review - 1000 SP in delegations, 50 Steem Monster booster packs and 20 shares of SBI - for Shopping at Homesteaders Co-op

SteemChurch Venezuela @sc-v - First Meetup of Christian Entrepreneurs in Barcelona Anzoategui 2019


@dougalporteous - Steemit Meetup
@steevc - Follow Friday : Steemians assemble!
@teodora - Bow to my dearest friend skills

APRIL 2019
@steemcampuk / @lloyddavis - Save The Date - Saturday 6 April, SteemCampUK event in the Midlands, UK

MAY 2019 - Early Birds of 18/01/2019

@steemfiesta - SteemFIESTA 2019 - The First Five Days of DECEMBER - Summer in the South!


@knacksteem / @ckole - Knacksteem ; The ultimate changer. Be an early adopter of knacktoken

If you want to check on progress of development on Steem, check out the GitHub here...

If you want to check on the current list of full API Nodes witness @holger80 provides this via @fullnodeupdate...


Hacked - STEEM Coin on the Move While Steemit Loses 20 Million Visitors in Six Months

This is #48 (19 Jan '19) of this daily news service.

Please let me know of any important posts or key data that should be included. Comment below or message me on Discord Pennsif#9921

[ graphics by @pennsif ]

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for sharing, and keep pushing for the prosperity of the community!

Posted using Partiko iOS

I think we have to place some trust in Ned and STINC, then maybe they will repay that with more honesty and openness. If it gets too confrontational they may decide it's not worth the stress.

Do you think it will help the people at the company if you refer to it as Steemit, Inc.? If STINC is not meant as a derogatory name but a simple contraction, then I misunderstood.

I use the term affectionally. I hope people don't take it the wrong way.

Thanks for clarifying. I always thought it was meant as a derogatory play on words, i.e. STINK.

That would be good...

So did the power down kick the price of Steem in the nuts? Two big drops overnight.
Thanks Neddy !

Check my latest post, I believe it is related to the dip in the price of Bitcoin

Posted using Partiko Android

Steem price went down. Cause and effect though is anyone's guess in the crypto world.

Following the transfer of the STEEM Steemit Inc cancelled the powerdown.

A new powerdown of 42118188.068 SP was then started. This now included the delegations withdrawn last week from @dsound, @musing and @sndbox.

Peace at last...

This sounds to me like the powerdown was stopped in order to power down EVEN MORE. How exactly did this bring peace? :D

Or did this all happen before the peace talks and the hope is that the NEW BIG powerdown will now also be stopped? I'm confused...

Peace at last is the title of the next part of the story...

Latest update: @ned and the witnesses present in the Steemdevs Slack seem to have made peace.

I know ;) It just looked funny to read it in that order :)

But my question still remains - does "peace" mean Ned will reverse the huge new power down? Because otherwise it's worse than before, no?

Good developments.

Posted using Partiko Android

This helps to make it all make a little more sense. Thank you.

Posted using Partiko Android

I don't know if this is correlated to teach other.

When @ned is poweringdown, the price of steem is increasing as seen seen in the transferring of the said fund to an exchange.

Does it mean that when sp of steemit will be transferred to bittrex it does increase the steem market cap and does has a positive uptrend to the price of steem?

I don't think Steemit Inc will want to leave that much on Bittrex for long. I'd guess that they wouldn't want to sell much at this low price, so they might be trying to move it into accounts that aren't as visible?

Strange how the price has gone up when all this is going on but maybe some whales know more than most of us do?

I think is the high time to focus on this.. amazing

Posted using Partiko Android