It's been an iconic day myself because today I finally withdrew all of my last steem as well and my account is currently worth about 31$ at the moment I'm thinking a lot of people will sell and I just sold to also buy hive and power up. It's finally Over and I'm glad I'm rid of steem. However changing my hive password to something new is what I don't know how to do.
Congrats! I'm sure a lot of people are cashing in their last power downs in these next few weeks. I know I've seen a few posts from people on how to change the password, if I run across any info I'll share it with you.
Thanks a whole lot Eric and cheers, now the emotional ties with steem is finally cut off. Now unto better things with hive ahead.
Yes, here's to better days!
Can't wait to see where the true value of HIVE then lands. My prediction is dust. That's one category lower than shit coin yet time will tell.
The future of steem is over o..
One might argue that DPoS governance has proved a failure and is broken beyond repair.
I don't get... could you expantiate
There is no doubt that papers, if not books, will be written about the STEEM experiment (@dan always called it that by the way and he has since moved on to EOS). But to sum up the main reasons for the failure in trust and governance one need only look at the drama surrounding the HIVE fork. All trust was lost and the possible corruption of DPoS governance was exposed with the V.22.2 Cabal's freezing of targeted Steemit Inc. accounts. Mr. Sun raised that horror by organising the fraud done by two exchanges to undo the wrong done by HF22.2. No real investor with with a half ounce of intelligence would ever trust such governance with the security of their investment after throwing a pie in the face of a $10 million investor.
My experience in DPoS was never about investment so let's put that aside. One thing that really interested me was the immutability that the chain offered. That, too, was thrown out the window in the fork. There has never been a precedence to my knowledge of such a fork as HIVE. The industry standard has always been that the forked chain mirrors exactly the historical record of the original chain up until the moment that the fork happens. They then both go their separate way. Even ETH, which forked with the intention to undo a transaction, rolled back time to before the smart contract was created and then continued on it's own way. All transactions before that time were unchanged on both chains.
With hive we had the Orwellian use of the term airdrop to explain how some historical wallet values seemed to disappear or were transferred to other wallets/places on the chain. If you would like to know the difference between a fork and an airdrop by industry standards you may find the following link informative.
https://www.investopedia.com/tech/cryptocurrency-forks-vs-airdrops-whats-difference/
Immutability was grossly misused in the HIVE fork and has since been done on the STEEM chain by Mr. Sun with the theft of funds from wallets of the V.22.2 Cabal and their allies in the coup.
Although this is the briefest of an explanation on the subject, it will hopefully give you some insight into the meaning of my remark.
Thank you for taking your time to explain this concept