Holy S**T!!!! Steem Hardfork At Block 18,500??? That is Two Weeks!!!

in #steem8 years ago (edited)

Is the steem blockchain forking?

If my reading of the white paper for the Vice is correct, we are looking at a fork in approximately two weeks.

To start, here is a pic of the Vicetoken website.

Notice how it says "A blockchain for the Attention Economy"? When the site was Vice.org, it said build on the steem blockchain. That was up over this past weekend so this must be a new development.

Now we see the name of the token in the white paper referred to as the "Vice Industry Token".

“The Vice Industry Token and its blockchain will
revolutionize the entire online traffic Industry”

  • Stuart Duncan, CEO, Vice Industry Token and Blockchain”

Wow....Sound familiar?

...Existing adult websites can quickly and easily power their own websites with
the help of the Vice Industry Token Blockchain and our B2B
assistance program to help any business integrate our blockchain
into their web monetization strategy. While we will initially
operating in the adult sphere, our blockchain and implementation
teams can easily benefit and cross over into other industry verticals
and help many types of video content distribution businesses, not
just adult pornography.

Then there is this...notice the word "similar":

We are implementing the world’s most scalable public blockchain software
platform capable of over 100,000 transactions per second similar to
that powering the Steem and EOS blockchains.

Similar to is not the same as the Steem blockchain....

This is like reading the SMT and Steem white papers....

The Vice Industry Token offers immediate liquidity by offering two
conversion methods. The first is through a decentralized exchange
as part of the Vice Industry Token Protocol utilizing automated
market makers to standardize the value of tokens relative to other
currencies (both crypto and fiat). This allows users to have a real-
time sense of the value of their tokens, and the ability to convert
them on demand.

Any guesses who else uses Chainbase/Graphene and IPFS? I will give you a hint, it starts with "s" and ends in "m".

Vice Industry Token sites will all be decentralized video platforms,
offering familiar and relatable user interfaces in many ways similar
to existing tube websites. They will utilize the ChainBase/Graphene
blockchain platform for social interactions and text, as well as the
Inter Planteary File system (IPFS) for hosting and delivering media
.
The sites can also operate using existing legacy video files sharing
and even peer-to-peer bittorrent type interfaces. All will be
powered by the Vice Industry Token which will facilitate user
rewards for engagement, while enabling site operators to collect
fees for transactions.

Hmmm, this sounds familiar too....

Since its functionality can equally
benefit viewers and creators of all types of video content, we will
enable any party to duplicate the portal to run their own Vice
Industry Token blockchain node under their own brand, and in any
language. They will also have the flexibility to modify their version of
the portal at their discretion, and add other off-chain features.

But wait, there is more:

We will offer a re-branding option to provide ample opportunity for
enterprising parties worldwide to create their own specialized
versions of the Vice Industry Token with their own unique flair. In
the interest of enriching the overall network of users of both the
sites that are created and the Vice Industry Token, those who
operate Vice Industry Token nodes will be able to earn Vice Industry
Tokens as transaction fees for all tokens transacted on their node.

I read this somewhere else....

The Vice Industry Token network is an inflationary system, in which
new token generation (inflation) will start at a 10%, degrading to 1%
over ten years, at which point it remains constant. All new tokens
will be generated by the system as rewards for producers,
participants and curators.

I think @ned got some 'splaining to do....

It should be noted that as part of the Vice Industry Token Network
protocol, website operators that utilize our blockchain are free to
retain a percentage of all rewards distributed. All Current Vice
Industry Token partner websites will be collecting 3% of all rewards
paid out to users of their web properties on the Vice Network.

ICO via ETH:

The price of each proxy token will be sold at at a fixed amount of
ETH equivalent to ~$0.05 of ETH at the beginning of the crowdsale.

According to steemd.com, we are at block 18,095 which, according to my calculations, is about two week from block 18,500.

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
.

There you have it. This looks like the Steem blockchain is being forked and we will have Steem and the Vice blockchains. For the trouble, steemians are going to get 400,000,000 Vice tokens (I am guessing it is a 1 for 1 token "dividend").

All characteristic of the Steem blockchain are mentioned in the Vice white paper. Quite frankly, I cant figure out another way to have that happen other than a fork.

Perhaps someone else knows.

Here is the timeline in the white paper:

January 3, 2018 Pre-crowdsale begins.

February 1, 2018 Launch of Token Crowdsale.

February 28, 2018 end of Crowdsale and distribution of ERC20
proxy Tokens.

May 1, 2018 Release of Vice Industry Token Testnet.

June 1, 2018 Launch of the Vice Industry Token MainNet and
expiration of Refund Contract.

June 28, 2018 Launch of first Vice Industry Token site.

If you found this to be informative (how could you not), upvote and resteem....this sucker needs to go viral.

Sort:  

This is an amazing and valuable discovery. From the comments below it sounds like holders of steem - and steem power may end up holding an equal number of vicetokens, which may, or may not, end up having a value.

Whilst many people will love the value, there could be some unintended consequences.

My bank is going love that when they KYC me. “Investor in hard core pornography”. Then there’s the religous police. “Stoning to death would be too good for this infidel”.

I heard about his vice thing, before ( technical knowledge of a retarded amoeba, as you know).

Putting my neck out here - as per usual.

I don't see a 'block chain porn sites' being successful endevour, sorry. ( I have been in the adult industry for a few years).

From experience in most aspects of 'the industry', and knowing that blockchain records all the transactions.....

Now throw in the mix, the desire for as much anonymity as possible in this area....

does not compute, does not compute, does not compute.

Just sayin'...

Idon't want to be rude but maybe the reason that nothing ever changes in the industry , is because of rusty visions of the people in the sector and that say : "I don't see a 'block chain porn sites' being successful endevour, sorry. "

This is something that can still be provided or added to there platform system afterwards when they start the platform. For the moment where in crowd funding phase let's see how it go's.
people need to start willing to let change happen, in order to evolve to a more fair system.

I'm talking from a perspective of 18 years in the adult industry..

I'm not saying I'm right - I'm saying that I know of thousands of people who would not want their name attached to blockchain and porn..

A personal opinion based on my experience, is all..

I'm not saying that you are wrong , and I did start the sentence with " I don't want to be rude ... " I just want to be positive about it and give it a chance, 2 or 3 months ago I saw a documentary about the industry and it's move to internet media and how it has effected the industry towards the actors and actrices . I think it's why a posted this reaction in the first place I think don't take it wrong I think it's cool that you gave your opinion and I respect it to, and it's shurely a good point that you gave. But this is not something that can't be resolved in the future :)

fair enough - just my opinion, mate. I thought the block chain tracked every transaction?... - is my point.

(Many/most people would not want that 'footprint' ...)

not me! - I'll have it on all day if I can make money from it! lol

don't expect my guys to MM in the "get paid to watch porn"-token. I think it is a desperate dumb idea.

They are still using "affiliates" to drive traffic and take a % so it's not beneficial to the performers in an age where the middle man could be cut out. Not only that, but they don't seem to mention live streaming, which we have already began to do on dlive.io . It is a last ditch dumb effort by industry dinosaurs that are on their way to extinction. Their social media promotion of this is seriously lacking in all respects. I know not everyone here on Steemit is into nsfw, but I do believe we may have started something right here on Steemit and dlive that will take the industry by storm, once people catch on. Thanks for noticing @fyrstikken!

I've been trying to find a way to add more to this side of Steemit for about 9 months. Since we are already involved in this industry, we have a lot of ideas on how something like this should work, and be open source but we don't know where to go with the ideas. I'm not even looking to make millions from the ideas, just disrupt the industry as a whole.

I am not sure that I follow....

What are you referring to? MM?

😎😎👍 great one @fyrstikken

They've actually changed what it says on the website! Where it says "A blockchain for the Attention Economy" it used to say something that mentioned Steem. Did they decide just to do it on their own so they wouldnt have to buy and stake SP?

Seems to me like they don't know what they're doing, just look at the team...

Thanks @captaincanary.

It does appear to be a rather quick transition. You are correct, over the weekend it said it about steem...not it seems they are forking. I am not sure what caused this or how it will play out.

I do know it seems very odd. Hopefully someone will provide some clarification soon.

I'll take some "dividends." Curious to see how this plays out. Thanks for the share.

When is SMT set to launch?

I think Q3 or 4 of 2018

I had no idea this was happening thank you for posting about it and in detail about what to expect. This stuffs freakin BLOWING UP!

Glad you liked it. Its pretty joke-y, but it actually does a decent job of explaining how porn actually does fuel growth for new media forms.

You're welcome.

Is it safe to assume you have to buy the tokens to watch "premium". Any free tokens are welcome

I am not sure there is a premium.

The idea is free is passe let alone, pay. Now it is time to pay for our attention.

I don't see a vice token on coinmarketcap.com yet. Do they have a futures market?

Sorry I should have copied the timeline...I will edit it.

You have my attention.

Edit:If you look at their twitter is says "Vice is an Adult Entertainment Platform which is revolutionizing the way you enjoy adult entertainment #blockchain #steemit"

I think you are on point.

Good catch @swerdan.

I didnt think to look at Twitter.

It appears they are forking instead of SMTs...they figured they could do it all themselves and become the blockchain and have everyone else pile on top of them.

I wonder if @ned will have any comments about this.

That’s all allowed within the world of open source. Don’t think there’s any ’splaining required.

AFAIK Steem has no fork block set yet. So it seems more like Vice have hosen a specific point at which they make a snapshot and launch their presale. As a standalone solution, apparently airdropping for user acquisition as a thank you for user acquisition.

Much ado about nothing. Just somebody who thinks their Rolodex is big enough to run solo with it. And given Kelly Holland, that may very well be the case.

Plus... it may give them a bonus when looking at the competitiveness in the niche. Why not start a chain yourself rather than also sharing it with others, while being only guests on it. :)

Where will the airdrop happen? In your VIT wallet. Hence why the 18,500 block snapshot. A fork, but just an under the radar fork which has no explicit intention to compete with the Steem ecosystem. Just doesn’t want to be hosted on the Steem chain.

AFAIK the first action is a presale in January tho. No roll-out yet. As such this summary could still lead to an actual SMT (as well as them going solo). Both seem still possible, although the highlighted bits seem to point at a snapshot & [under the radar] fork.

That’s all allowed within the world of open source. Don’t think there’s any ’splaining required.

Dependent on licence though. It's only relatively recently that the blockchain code license allowed for a new genesis block to be created, i.e. a new blockchain, on any derivative of the Steem source code. You might remember @dan wrote a post drawing attention to this the day before he left which he subsequently "deleted" by editing to update to blank document.

Open source ≠ free for all uses.

If they are forking I agree with you, let them do it (not that anyone can stop them). I'd even go as far as to say we should encourage this. Competition can only be good for us.

I think the contention was only about Condenser being used on another blockchain than steem without consent.

What exactly is forking?

@jonle1...Pop it in a search engine and get a good schooling...

It's pretty much a correction of a platform to make it 'better'. But, this is a novice explanation....

One of the best things I've learned since joining Steemit is, do your own research for the most accurate results ;+)!!!!

Also, following experts, such as @taskmaster4450 helps one gain a lot of knowledge as well.

Peace.

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