This is the day. On the other side of the world, sun is rise bright and shining here whilst the other side is still on their sun set. What do I care first thing to check? It's the amount of #steem I'm hodling.
Screenshot from @coingecko
Hard fork is just 14 hours away. I have been sarcastic about it. I experienced some very negative moment during HF20 previously, and the "seamless" promise seems very doubtful. If it is seamless, then why need to set a date for it? It can be rolling out the form without even putting up the date. What if not all the top witness block producer upgraded? Are they going to reverse it back? Is all the top 20 witnesses upgrading their version together? Or partial of them already forked? I'm sure there's write up being written somewhere but in just too lazy to find out.
Screenshot from @coingecko
Did a rough calculation, the current exchange between #steem and #sbd is yielding 4.7steems per SBD. If you have some liquid SBD, why not take this opportunity to change some. I have always encouraging people to trade, but it is up to you. Beside, I am not giving free financial advise, but I do gain a certain amount of extra #steem via trading.
Have some liquid #steem around? Why not power them up and give good upvote to quality author? Or, u choose to power up half, another half park at higher price for #sbd. To each sickness had its own cure. Don't get me wrong, I love #steem more than #sbd. I trade simply because #sbd is still being distributed despite at a small amount, and further more it's being off the pegged of $1. To me, #sbd below 1$ is consider undervalue. Fiat is fiat, crypto is crypto. There's no perceive value in them, tell anybody you keep a bunch of "discontinued antique crypto token" in your crypto wallet, do you think you can sell them at higher price? I won't know if one day #sbd will burst, but before that happen, it's a good tool to hedge against #steem itself because they will balance each other's out ad supply and demand goes.
Have a safe hard fork and I shall see you after the fork.
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A hard fork is when all the nodes and miners adopts a new rule at a certain point on the blockchain. The rule change can be anything, Inflation change, major code upgrades, etc... This means technically 2 new blockchains will be formed. Usually the old chain will be abandoned once the nodes and miners stopped maintaining it - when they jump to the new chain.
Typically, hard forks are denoted by block number, as you can see in example such as Bitcoin , Litecoin and Bitcoin Cash. Meaning "Guys, we will all set the new rule at XXXX block number" so all nodes and miners are synchronized. (Note: halving is not hard fork, just an example in this case)
But for Steem, a DateTime is used to make it easier to the Steem community to understand approximately when the hard fork will happen.
As mentioned, technically 2 new chain will form - one that is hard forked and the other that still uses the original rule. Witness nodes that have not upgraded to Version 0.21 will run a version of Steem that did not hardfork. Depending if the old chain is maintained, it could be possible that 2 new chains be formed but in this case it is very unlikely because most Dapps will run on hard fork 21.