Daily Steem Price Update 9/9/2019

in #steemit6 months ago

Good day Steemian welcome to today's Steem price update for 9/9/2019.
I have been posting the Steem price update since almost the very beginning of Steemit.com.
Many have came here to discuss the daily Steem price's and changes for over 2 years now.

I also want to mention incase your wondering that when something doesn't seem normal from the other regular "Price Updates" that the daily Steem price posts do occasionally change their format from time to time.

But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as it's important for your daily plan or strategy.
And even if you are not planing to do anything with your Steem I still recommend checking out these updates and so keeping an eye on the price.
So without further ado lets take a look at today's Daily Steem Price change for 9/9/2019.

Should you be trading with Steem today...?



Steem Daily Price MoonTemplate09092019.jpg

Thankfully smooth these few days everything seems to be back-up and running. It's just slightly annoying as it adds more general delays in keeping this ship moving forward which seems to be especially more important since the HardFork21 and 22 switch over.

Brace yourselves HardFork-21 and 22 is HERE!

We are now currently running on Hardfork-22 the initial change-over to HF-21 happened on the 27th of August. There was of course many Steemians coming on and out of their way to see what was happening on Steemit when it changed. But from what I could see it really was community at it's best, because regardless of the new changes it brought many people closer. I especially liked all the posts from those who were sneaking on to Steemit while at work or when their spouse was distracted, some while travelling, regardless of what people were doing we all took time to login-in and check on our favourite social media site Steemit. We connected and commented on each other's posts about what we were experiencing, with our initial reactions to Hardfork21. The actual change-over started very smoothly, as at first you could barely even notice we had switched to HF-21. But this didn't last long, it fine for the first hour but soon after Steemit came crashing down. But the Dev Team were monitoring the event and so the whole blockchain was quickly restored. Yet unfortunately it was noticed that the fix still brought the blockchain into operation with some issues. Many were not able to create any posts or vote I believe this problem lasted around 6 to 7 hours before it was resolved. The cause of the problem? Funnily it was a whale who was about to test the new downvote pool, and so a very large downvote was cast... and bang.. the blockchain went down!

Brace Yourselves!! HARDFORK 22!

HARDFORK 22, yes it happened but before you think SMT's are available like right now.. NO! they are not, basically there was a issue that had been discovered which was preventing delegations from functioning properly. Now you maybe thinking this is no big deal but it sure was a problem for those who are very new to Steem. This was because Steemit couldn't actually delegate to these newly created accounts, if you didn't know new accounts get a delegation from Steemit to get themselves started. The issue was discovered due to again only the big Steem account Power holders not being able to delegate. Haha yes seems it's the whales who keep stepping on all the bugs. Anyway so the Steemit accounts couldn't delegate any SP to those new and so leaving them enabled to do anything on the blockchain. The problem also goes much deeper than just that but I'am sure you already understand how this can already be problematic. And so the solution was to quickly HardFork again to revolve the problem. And so here we are at Hardfork 22 already, but minus the SMT's. But it didn't end there Steem went down yet again leaving us for many hours actually even day's without the use of voting or posting. The blockchain halted this time round due to a bug in the curation's reward curve. Luckily the Dev team were able to develop a patch which did not necessitate yet even another hardfork. Yes we were nearly about to end up with hardfork 23 happening. And honestly it did almost feel like another hardfork as I will mention that this problem had caused issues for the exchanges with some wallets being enabled of any use, which could explain why the price didn't move much. But I'am just happy to report those wallets now working again. As for the actual bug it was incredibly difficult detect even with it's insane "out-come". I mean you guys are going to love this.. but this bug resulted in some weird curation reward weight like "-1" which resulted in a computed value of "2^64 - 1" which means when paid out these votes would be tempting to receive "Trillions" in Steem!! Gosh imagine that! Obviously this kind of behaviour would prompt a safety catch to stop it from happening but wow! People did complain very much about the lack of communication during Steemit's down time, still the team did put out some effort saying they were aware and working on resolving the situation. This was not good enough as people seemed to demand hourly updates of the situation I don't think that is necessary nor do many understand that finding the route of the problem is not always easy. In other words I dont think they had much to report to us anyway, perhaps a message reinforcing they are like into the situation may have settled a few nerves. We know the team were working their asses off trying to get the chain running again. In the end I'am just very happy the blockchain is back and running normally and so far it's been stable.

Always do your own due diligence the above is only a opinion.


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