Hive Will Outpace Steem In Every Growth Metric Imaginable. Here’s Why — LEO Show #27
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”.
Full episode & show notes: https://steemleo.com/hive-167922/@khaleelkazi/idtxhsoa
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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.
In This Episode
- Hive Has Community-Ownership. Not a Steemit Overlord.
- Proposal System — As HIVE Thrives, Community Projects ACTUALLY Get More Funding (rather than a loose promise from Steemit about a Dev fund that they sold off to Justin)
- Bittrex + Probit Listings With More Exchanges On the Way
- Vitalik + Dan Larimer Interested and Paying Attention to Hive (where their attention goes, many follow)
- Cointelegraph Press: Hive Trades for a Premium Over Steem
- Cointelegraph Press: Justin Sun is Censoring Content on Steemit that is About Hive
Links Mentioned
- https://hive.io/
- https://steempeak.com/@steem.dao/transfers
- https://peakd.com/@steem.dao/transfers
- https://peakd.com/me/proposals
- https://twitter.com/BittrexExchange/status/1241458174147911680
- https://twitter.com/FinanceLeo/status/1241409662567829504/photo/1
- https://cointelegraph.com/news/hive-trades-for-20-premium-over-steem-on-bittrex-crypto-exchange
- https://cointelegraph.com/news/justin-suns-steemit-accused-of-censoring-hive-related-content
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