Since I have seen lots of repeated questioning out there (comments, discord, etc) and attempting to not get the head of @ats-david cracked up in half, I have decided to help clear some confusions if I can.
Therefore I am throwing this post (which will probably get edited multiple times), to share some Q&A about what people perceive about the recently announcement from the next Hard Fork of STEEM, called "The Hive!", aka HIVE. Basically the attempt to continue decentralization of MANY things.
So, lets begin right away!
I will be updating this section with questions/answers I see around... Also check Hive Discord.
Imagine that the Steem chain could be put into a copy machine...and at 10am EST on Friday, we run the Steem chain through this copy machine...and the copy machine spits out an exact replica (a copy) of the Steem chain. So now there are two Steem chains.
Then imagine we just slap the name "Hive" on the copy.
That's what will happen...minus the ninja-mined Steemit stake (and a few other accounts).
Probably the best explanation from @ats-david I am sure...
Comment bellow and I will answer/include them on this post.
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I think the biggest question I have is where all my favorite communities will be based in? Will it be the new Hive or Steem? I think SteemLeo had declared they will be moving to Hive but I am not quite sure what the other communities/games will do.
It will be a difficult decision. While individual users like us can continue to post on both chains, communities will probably have to choose one.
But be mindful that if 99% of all dapps and middle-layers migrate to the new chain (very likely) then you will have no one but Justin to trade with.
You could sell on the exchanges I think, although the price might plummet after the fork. But there are always people trading steem even if they're not actually blogging/vlogging on the steem blockchain. I've come across quite a few people who are simply traders and never post anything on steem. They just buy and sell whatever crypto that interests them and that includes steem.
Just my 2 cents, but yes, the price could plummet to absolutely nothing.
thanks for the FAQ cool tips @forykw
Thanks for this FAQ. I resteemed it already.
I've been trying to figure out what to think about entire situation. In my opinion - neither Justin or most old witnesses aren't to be trusted - and it's just power struggle.
Regardless, we're all going to be affected in ways we cannot yet predict.
Personally, I care to learn how many people I know will move to one chain or another. To see who I would lose if I choose one option or second one. Probably I will try to maintain my presence on both chains.
I should have to remove all my delegation now in preparation in moving to Hive...
I am happy with the FAQ a part of my questions is answered. There was one more but I forgot. I still do not feel comfortable because of the German post I read. It feels as if you made not mentioned it here that those seen as the enemy are not welcome. My answer about the power down and delegations is answered now. Thank you 💕
Please don't be annoyed. Will my steem power also move to Hive?
HIVE sounds really exciting @forykw! Thank you for compiling this FAQ. Would you know if our SBI and steemauto upvotes will be copied to HIVE as well?
Thanks for this, the time taken to explain, found many answers from questions raised in comment stream and content above.
excellent post and quite illuminating in the middle of all this situation, I didn't know if it was going to be a copy of steem or something else. Can I make a Spanish translation in my blog? many users of my community have no idea what to decide because they don't even know what this new platform is going to be about
What about the rewarding system in the new chain?
There are still a few people using Steem and I reckon they'll buy our Steem.
Nice thanks. Most important and confusing questions has been discussed.
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I cannot post on the link you shared to me. i tried sending you a message on discord but apparently, we do not share the same server/browser anymore.
For the record, though I was considering to migrate sometime in hive, I need to face the reality that although the system is stable, the things that I am familiar with like tribes, etc would take some time to be established in the system.
In fairness to them. they are doing everything to make the experience great for everyone.
For now, I am going to wait and see how things are going. Meaning, I will blog on steemit and hive until i could see how things are going on both sides.