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RE: Price of Steem coin will plummet because of open source
What's being open-sourced today is just the web user interface to the blockchain. The license for the actual blockchain code states:
- The currency symbols, 'STEEM' and 'SBD' are not changed and no new currency symbols are added.
- The STEEMIT_INIT_PUBLIC_KEY_STR is not changed from STM8GC13uCZbP44HzMLV6zPZGwVQ8Nt4Kji8PapsPiNq1BK153XTX, and the software is not modified in any way that would bypass the need for the coresponding private to start a new blockchain.
- The software is not used with any forks of the Steem blockchain that are not recognized by Steemit, Inc in writing.