Hive To Go Live Friday: Sometimes A Step Back Is A Step Forward

For those of you who are glued to the television keeping up on the coronavirus, there was a major addition that those who are involved with Steem can take advantage of.

After weeks of speculation that there was going to be a new blockchain created, it was announced yesterday that Hive is going live on Friday.

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This was the result of the ongoing uncertainty with Justin Sun and the future of Steem. Since his purchase of Steemit Inc, the community and Sun were at odds over the direction of the blockchain. This resulted in a still pending battle for the consensus witnesses.

Out of this decision, many members of the community are basically saying that Sun can have Steem. In short, the database is not as important as the community.

Does this mean Steem is going away?

That all depends upon Sun and the Witnesses that result. The great thing about blockchains is that, as long as someone is running the software, it will be ongoing. What is the bigger question is who will be using it?

A lot of discussion was made about will people switch or will they not. To me, that all depends upon the applications that people use. Going forward, will people prefer Hive or Steem is secondary. Perhaps from a blogging perspective, this is the case. However, if we look at applications such as Appics, Actifit, Splinterlands, HolyBread, and many of the tribes, users who are dedicated to those will likely continue using them regardless of where they are posting to.

That said, this is a major show of force for decentralization.

Throughout this endeavor, the community came together. Many viewed Sun's actions as a hostile threat. Even John McAfee stated that one can buy a company but not a community.

Forking is the ultimate defense against centralization. This is where individuals have the ability to exert their will as opposed to having the desires of one (or a certain few) shoved down their throats.

Many question the wisdom of going backwards. Sometimes, to move forward a step back is required.

One of the issues was the fact that the new token, Hive, will not be on exchanges. This is certainly a problem and getting exchange listing is not easy. However, the community, I believed, earned some goodwill in the crypto world, something that extends to exchanges.

Here is a comment that was left in a post which shows there is at least one exchange (in addition to Blocktrades) that will be offering the token.

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https://steempeak.com/communityfork/@ionomy/re-hiveio-q7d5iw

I would not be surprised to see a lot of smaller exchanges jump on the opportunity to list Hive as a way to stick it to Binance and some of the other larger exchanges.

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Was Steem a failed experiment?

This is a question that will take some time to answer. Again, a lot depends upon what happens with those who are running the blockchain after part of the community departs. Steem still have a lot to offer and there are many who are dedicated to it that could make it thrive.

That said, I think it is safe to say that Steemit Inc was a failed experiment. This translated into Steem being stagnant and not growing like it could have. It is unfortunate but that is what unfolded.

Of course, the lessons learned are what makes the potential so great. One of the main benefits of starting a new chain is that the community is free of Steemit Inc along with the roadblocks it presented. This could mean faster development and improved features for the end users.

For many, the vision of Steem is now being, hopefully, translated onto a new chain without the albatross that plagued Steem. Hive is a new opportunity to implement the tenets that many of us posted about for years on end. A move like this is only going to enhance the entire crypto space.

Why do I believe that Hive will thrive?

For the same reason I thought Steem was going to be a major game changer: the experience, ability, and desire of the community. While the name changed, many of the participants did not. This is our most valuable asset.

A great project will not be held down by a fork. If Sun etal have a vision and a solid plan for Steem, it also can be successful. I will not state that it is dead. However, since that vision is unclear, the community has to take the steps necessary to ensure its long term outlook is implemented.

That is what Hive is all about.

And this is another step in the progress of decentralization. I honestly do not think that fact can be emphasized enough.


If you found this article informative, please give an upvote and resteem.

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Posted via Steemleo


Comments
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  • @tobetada

    I am waiting for you to change your banners ;D

  • @darkflame

    I am not moving my steem to an exchange. I do not support the Tron take over. Steem Will Survive even if steemit does not.

  • @spinvest-neo

    Hello Task

    As you may know, my major holdings are in Steem-Engine tokens. If the break-off team of Hive chooses to Award the new token based on all Steem and Steem-Engine tokens, I will gladly support the new venture and maintain the old steem accounts as well. As far as divesting either, that is not part of the operating plan. @underground is the main acct. of course.

    Do you have any info on these things?

    PS: seems this month's NEO Haul is clearly going to be a new record... On course to EASILY Blow past 20k and maybe even 22k for the month!

    Posted via neoxian.city | The City of Neoxian

  • @bigtom13

    As of right now, I certainly can't call Steem a failed blockchain. I agree that it will take some time to fully make that call.

    In spite of spammy behavior and utterly inept leadership at the corporate level Steem plowed a lot of new ground. I sincerely hope that Hive can take the best and not just leave the worst behind, but not have even the smell of it around the new chain.

    I'm guessing the future of Steem is soon to be in the hands of Justin Sun. I'm certainly not betting on the outcome there.

  • @cknr7

    Those next 13 weeks of power down are going to be so long!!! Especially when STEEM gonna drop day after day because people leaving it.

  • @frankbacon

    Highly rEsteemed!

    Screen Shot 2020-03-12 at 11.04.13 PM.png

  • @trafficinsider

    I support the hard fork because it was inevitable and had been coming for a long time pre-Tron whether people want to admit or not. But that does not mean we need to act foolishly dumping steem, hive, and tribe tokens at a loss because we disagree with one faction or another.

    Yes, I undelegated my Leo and Neoxag from spi group a few weeks ago but I did not dump them. In fact, I increased the amounts I hold and will continue to do so regardless of which blockchain they end up on because I am betting on those tribes and not their blockchain address. The same goes for other tribe tokens and curator tokens.

    I will also hold some hive and steem, but will not be buying them while they are being pumped. If I am going to hold for the long term then I will hold on those bought at their lows.

    After all, at 70, my long term horizon is not the same as someone at 45.

    Posted via Steemleo

  • @arsenal49

    Minnow question incoming: How do you make sure Hive is not overtaken by forces like Sun? :)

    Aaaaand can't wait for Hive to be live!

  • @themonetaryfew

    What happens with Steem delegated? For example trough dlease when on hive?

  • @terrybrock

    Thank you for your insights, @taskmaster4450. I respect you and appreciate your opinion. Looking forward to working with you and others who value a decentralized platform in Hive. See you there!

  • @karenmckersie

    Hi @taskmaster4450 , I just joined Hive but my wallet doesn't work!? any idea when it transfers over, thanks!👍✊✌

  • @karenmckersie

    Hi @taskmaster4450 , I just joined Hive but my wallet doesn't work!? any idea when it transfers over, thanks!👍✊✌