Being involved in the Steem blockchain has been a wild ride. Not just over the past several weeks as we’ve dealt with the unpredictable and erratic behavior of Justin Sun and his team, but also over the past several years as we’ve dealt with the deadweight of Steemit, Inc. led by Ned Scott.
Over the past 3-4 days, we saw the launch of the Hive Blockchain — a fork of the Steem blockchain that is led by the vast majority of the Steem community.
As many have said, this is no ordinary fork of a blockchain. One of the primary reasons why this is no ordinary fork is because there is such a profound majority of people backing the fork comparative to the “original chain”.
In blockchain speak, the network with the most backing is the one who will succeed the most. Steem is now a centralized chain. I wouldn’t even call it a blockchain at this point because Justin Sun controls all 20 of the witnesses (even the ones he claims are “community-operated” which to him is another word for “witnesses-I-bribed”).
Hive is a true blockchain. It is truly decentralized. There is no CEO of Hive. There is no company behind Hive. There really isn’t even an “organization” behind Hive in the traditional sense.
What governs Hive is an active group of community members who love decentralization and love content and love creativity and developing dApps that people use each and every day.
For these reasons and more, Hive has vastly more potential than Steem ever did. I talk about these reasons in today’s episode of the LeoFinance podcast.
https://twitter.com/BittrexExchange/status/1241458174147911680
- BittrexExchange
https://twitter.com/FinanceLeo/status/1241409662567829504/photo/1
- FinanceLeo
https://steemleo.com is an online community for crypto & financial content creators, powered by Hive and the LEO token economy.
▶️ 3Speak
