How it has fallen

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5y

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I found this funny the other day, where I saw that I started earning SPS from Steem - but I am not on Steem.

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Seems I still have something in Steem-Engine, the precursor to Hive-Engine

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The problem is to do anything with it, I would have to install Steem Keychain, but I am not even sure if that still exists. I had a look and found this:

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No thanks mate....

I met stoodkev@stoodkev in Poland at a bar back in 2018, though I doubt anyone remembers.

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This is crypto and I don't trust just anyone with my keys, but it was funny to go and have a look there, because considering how big a part Steem was of my life - it barely even crosses my mind these days and hasn't for a long time. It is like an ex-girlfriend that seemed so important at the time, but now, the name is hard to recall.

Looking at the amount of people using SteemKeychain, it seems that there aren't many who will remember it in even the near future. It looks like it is heading to be a footnote in history as a reference of how the Hive community was born.

This is the last year or so of HIVE

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And this is STEEM

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As you can see, there is a bit of a trend line between the two, with a reflection as on water, while HIVE is moving upward, STEEM is mirroring on the downside.

What you might notice though is the volume between the two and it looks like STEEM has more volume. This is kind of interesting as while the price of STEEM is dropping away steadily and the market cap is less than a third that of HIVE, the daily volume is similar over the last 24 hours.

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Funny isn't it?

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For both HIVE and STEEM, Upbit is by far the largest trading platform, with Bithumb making an appearance for HIVE also and then, Huobi for Steem - All of these are trading mostly through Korea. Binance is a Chinese founded company (as is Huobi), but I am not sure it still counts as that as an exchange, as they really have made themselves global.

But, these South Koreans like to trade!!

It is insane really, considering that at least on the STEEM side of things, pretty much nothing seems to be happening there with it as a project - it is just the same group of Korean whales extracting all they can from the pool.

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Stay informed!

I think this goes to show how disconnected price is from activity as based on the activity on Steem, it should have a value approaching zero, but - it is still holding up remarkably well, considering there is nothing there and almost all the very few comments are automated.

But it is still strange for me to visit there today and see how much of a disaster the place has become, where once there was a conflicted but broad and active community, it is a ghost town, filled with what can only really be called shitposts.

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I don't think I am going to chase that 20 dollars in Steem-Engine after all....

I will be happier with the 0.266 SPS a day.

Taraz
[ Gen1: Hive ]

How it has fallen | Ecency