RE: New hive exact the same as old house

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New hive exact the same as old house

in hiveio •  5 years ago 

I'll try to address some of your concerns, not because I know sure what will happen, but because I used to work analyzing scenarios give certain parameters to hold true 😏

About @misterdelegation, I think a small chunk will be forwarded to boost Korean witnesses and the rest will be powered down, on time our friend Justin will power down the whole thing since the ultimate goal is to swap the Steem tokens to the Tron blockchain... I dunno if Justin seriously wants to compete with Dan's voice, but what I foresee for this place is to be assimilated by the Tron blockchain and have a tr20 token for a blogging Steemit on Tron... What about the other dapps? Well, Splinterslands already has some support for Tron and ETH users... I think the most clever thing that the ones running these dapps can do is to offer support to a even broader range of cryptos and simultaneously offer a massive advantage to Hive holders, that would create incentive for people on other platforms to drive value into Hive. In that sense, Hiveans dapps can do the role of some exchanges via ETH/BTC/TRON-STEEM/$ ➡️dapps products & services➡️Hive

About what I personally want to do... I like your idea of crossposting, but I have no big friends to circle jerk with 😂, also my stake is so small... Selfvoting my post would give me almost nothing. So if you want a buddy with whom abuse the Steem blockchain with let me know 😂😂

About the Steem price, I think that over 40% of liquida Steem on exchanges are actually under Justin's (formerly Ned's) grasp, I think they moved enough coins there to be able to dump when the price rose, right now Justin is just moving that Steem back to the platform, not to grant instant porwer down to everyone (most likely only to his accounts), but to enable the swap to happen...I think he laid the foundation to this scenario by labeling the former witnesses as hackers, now everyone who oppose his actions will be labeled as part of the bad witnesses faction and his/her opinion totally discarded.

I think Justin's (or his team) is smart enough to realize that if they allow instant power downs, there will be insane selling pressure, I think he will hype the new Tron-Steem and then merging it with Tron (if not he will pump old Steem and then dump it into Oblivion lol)

You want old witnesses to keep on the fight on the old Steem platform, why would they?? The only way to outweight Justin I by having 51% of the Steem supply... Why would they buy more Steem if it's more likely to be Justin the one selling it? Besides, in most of the old top witnesses perspective, when Steemit lose his old developers and the Steem blockchain lost the support of most of the western community, the Steem token lost most of their value (no core technology developers, no userbase).

About the price, I think you are narrowing the sight about how the price is determining only to pure speculation on exchanges, I think that if Steem had managed to become an utility token, then it would have a more solid base price... I think that witnesses behind Hive will deploy SMT very fast, and more dapps will be released with their own SMT. If those dapps are successful or not is an issue remain to be seen, but I think they will remove the Hive rewardpool as soon as possible and let each community to earn blogging rewards, gaming rewards, etc from each SMT reward pool.

Lastly, about Steem-engine... I think that they just will point the side-chain to the Hive blockchain, and have Hive pegged instead of Steem pegged. (But I got a feeling that aggroed and some others will be around the old blockchain for some time though, he might be willing to bully some Tron folks or Koreans, hopefully I'm wrong, but have you seen Bernie spamming Justin's post? He can turn your comment feed into a shit pile lol)

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Nailed it buddy, you are rephrasing almost all of my point.

  1. Abuse the #steem chain can be easy, and I'm hoping someone at the #hive chain would come up with some function, when hit the Submit button and automatically cross post to #steem chain with a footer, something like cross posted from #hive 😆 if they can do it in steempeak now, I think they can do it in hivepeak in the future, don't you think? God I hated that function, but I wouldn't mind do it from Hive to Steem now!
  2. I know the pump and dump thing, since I trading through the financial market since 1999. I had enough margin call to see what are the moves. There's just not enough time to power down for retailer like you and me, so I won't be even bother to try. Besides, it's only 2 days aways from Hive go live, and by then Justin would have collected back his stake and ready to buy back some "humans" by giving free votes(which not supposed to because over the long run it will create hyper inflation with the amount of stake they had). More than interested to see, how he can turn this piece around. As we were speaking, check out steem pump! Imagine, they're still on their way powering down for few days, not even first week. Guess who is doing what? LOL
  3. Old witnesses doesn't have to fight the battle to fight. There's nothing loss if keep running on steem chain. Keep hogging their top witnesses seat to delay them taking over for the fork! I'm sure the Korean aren't stupid, the Zzan's are trying to gain some group to the top to have some control of their portion. Funny thing is, why @clayop and @proxy.token disabled their own witnesses. I only wish I understand Korean a little bit better. The language is as complicated as Chinese, translator doesn't work.
  4. As you have mentioned

I think you are narrowing the sight about how the price is determining only to pure speculation on exchanges, I think that if Steem had managed to become an utility token, then it would have a more solid base price... I think that witnesses behind Hive will deploy SMT very fast, and more dapps will be released with their own SMT.
There's no more developer in Steemit, what left are their Tron developer that does best at gambling app. So, SMT will just be another DAPP that relies heavily on steem-engine token, in this case Steemon or Tronit ERC20 STRX and worth fraction of TRX. So, if I don't view Steem at speculation purpose, they are virtually worth aboslutely no value anymore.

  1. Steem engine pegs, as I stated, as you confirmed, chances are going to have HIVEPegged.

Thanks for input !tip

That's what I call a solid background my friend, +20 years trading... That's a lot of experience...

I would love to learn about trading on the markets, but I'm totally clueless how to start, do you have some hi ya about what material should I be reading?

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