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RE: Regarding the Github Issue to Fork out SteemIt Inc.'s Stake..

in #steemitinc5 years ago

So a group of Steemians wants to make Steem-Cash? They can burn like Roger Ver's Bitcoin-Cash :)

I'll take whatever forked "Steem-Cash" I get and use it to buy OG - Steem, and then more Steem Monsters. :)

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I don't believe that it would ever work the way you think. The fork is intended to create a version of STEEM where the Steemit Inc accounts would be owned by the entity that created the new fork. The problem is going to be who will support the fork. You need witnesses to run the nodes and you need front ends to interface with the blockchain. Likely one of the forks would die. Presumably the one that doesn't have the support or infrastructure. Even if both survived, where would you sell the new currency? No exchange would support it.

Thank you for this clarification. You've summarized it well.

@rogerkver is on STEEM too maybe he wants some piece of the pie too.

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I doubt it, he doesn't engage an audience on STEEM at all - last comment was over 6 months ago. I wouldn't enjoy such a large stake in the hands of someone who has forked the world's most major crypto-coin into something mildly "superior" (in terms of transaction time and fees) - but has only added confusion and "more wild-west" to the world of crypto.

As the other comenter has stated above - if it was forked, no one would want to back something like that - but it would be interesting at the same time to see what steemit-inc might do with their stake after its gone to an exchange.

I hope it gets sold. :)

It probably won't - but it would be a wonderful opportunity for everyone if it was sold.

Same here... I thought people understood that HFs suck !

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