I read @blocktrades post and sifted through the comments. I think good things will come out of the hardfork.
- they are in discussion with multiple exchanges to have the new coin
listed. - They will not make the hardfork until this is secured because there are
people who are dependent upon Steem for an income. - Yes, everyone will receive an airdrop.
- This plan has been worked out while Sun has being playing Witness Wars.
- Sun wants to dump his bag of coins he purchased from Ned, which will put
Steen to zero. - The hardfork will eliminate the stake that Sun has, creating a chain
owned solely by the community. - Aparently a number of the old developers are onboard and many new ones
have joined. They have good things planned for the new network. - All existing apps will work on the new chain.
- The new chain and coin will be called Hive.
that's a good summary of what's going on.