We are now a week into Hive and lots has been happening. Dapps have migrated, but not all of them will as some developers were excluded from the airdrop for supporting Steemit. I see some people are posting to both blockchains, but I will probably not do that as I do not have time to be monitoring both. I am powering down my Steem and just transferred the first batch to Hive using the exchange. The rate is not great at over 2 Steem to 1 Hive, and it may get worse.
In the next weeks a lot of people will be dumping Steem on the market and many will buy Hive, so expect the prices to diverge. For now there is a massive difference in volume between them. Someone needs to tell the price monitoring sites how many Hive coins there are so they can work out the market cap and rank it appropriately. By the time I power down the last of my Steem it may be 10 to 1, but maybe Justin will do me a favour and try to prop up Steem.
Here are some people to check out for #FollowFriday. Most of my friends from Steem have moved over, but a few are dithering. They will have some Hive waiting for them anyway.
As we expected some of those who exploited Steem for pure profit moved over the Hive and some of the vote sellers are operating here already. One user of those is who has been buying hefty votes for his own comments to try and sneak under the radar. He does not hold much Hive Power, but still does not give many votes to others. Most of his pending rewards have been wiped out, but we need to be vigilant. Others will do the same and steal rewards from those who actually have community support.
As on Steem it is up to the community to make Hive great. We are small, but we could be mighty. We need to build up the community and bring in more creative people who can make it an attractive place to be whilst avoiding some of the issues that held Steem back.
Hive five!