Binance update on STEEM fork

in #steem5 days ago

In the spirit of transparency, Binance has received a request to upgrade the STEEM network to version 0.23, a hard-fork which includes the following:

An update to reduce the power down (un-staking) time parameter from 13 weeks to 4 weeks, and
Blacklisting of 65 accounts which collectively hold 23.6 million STEEM (currently ~$5 million USD at the time of writing), effectively removing their balances from the STEEM blockchain.

Binance would like to confirm that we do not condone this type of behavior and believe that blockchains should not be used as a tool for censorship or editing user balances. Since receiving the request on May 15th, 2020, Binance decided not to initiate the upgrade, meaning that we have been unable to sync up to the latest STEEM block height, and as such, deposits and withdrawals of STEEM have remained suspended.

However, this decision has negatively affected all of our existing users that hold STEEM, and is not a long-term solution, as they are currently unable to move their tokens on the blockchain. Thus, in the interest of our users currently holding STEEM, Binance has decided to support this upgrade to provide users with the freedom to use their STEEM tokens as they see fit.

As a further response to the above, Binance plans to reduce STEEM trading pairs from the current 3 pairs down to 1 pair over the next two months.

tldr; deposits will open but less trading pairs on Binance if you don't have an account make it now.

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was a special case.

It's past time to exit from steem.

sadly im flagged here by 1 user using a big bot. i dont feel at home here yet

I'm sorry to hear this. Try approaching him to find out why. Maybe its just an error on his part. Though flagging is part of the platform, constant flagging from one source is hatred and I think it shouldn't be condoned

You make very good content, so please let it be known that I support you here.

@tj4real @heeretickitten its impossible as he has personal grudge yet u can write hes called azircon and using a bot to look like its many people

"We will not support this.
However, we actually will."

But my opinion would match theirs, to behonest.
Let Steem burn and let the users out. Whatever.

Hive is the future. That's why we're here.

I wonder when Bittrex will unsuspend steem deposits/withdrawals. Soon I hope!

me too but we have to wait

Read the announcement, but still not possible to deposit or withdraw on Binance - maybe it take some time until the have run the fork ?

still nothing :(

and still nothing... :-(

Binance is playing safe, let's see what Bittrex will do.

indeed we need to watch this