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RE: Is Hive oversold?

in #thoughts19 hours ago (edited)

the lawsuit that hive stakeholders won

I think this was the first time I even heard about this.

Even our own users should think the same thing.

Yes. It is strange that many people are powering down even at such low prices. I buy as much as I can and I still think that it is far from enough😛I hope that I will be able to buy at least 1+k this month as well(after paying utility bills and framing a current art piece.) But I would love to see more people buying and powering HP. Even if many users would buy just 500 hp that would already be a nice sign. In recent times I can think only of a few users who I interact with who are doing good job gathering more stake or buying more HP. For instance @emmanuel50 is growing his stake and seems to be here for a long term. And @molometer is powering up A LOT of HP.

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Thanks for the mention. I really appreciate it. Growing with Hive has become part of my journey and I'm happy to keep growing here.❤️

Basically after we forked, people were powering down their steem to convert to hive, so steem witnesses who had taken over at the time, a mix of justin sun sockpuppets along with korean stakeholders, did a hardfork that stole something like 28 million steem from some big accounts (myself included). They thought that just because they hadn't gotten a hive airdrop (which was a new token being created and only those who voted for Sun's fake witnesses were not airdropped), that they can straight up steal people's steem with a fork. They succeeded, but another hacker took the coins as soon as they were stolen and sent them to a 3rd party account (Bittrex exchange), who then had to wait before deciding what to do with them which occurred through a lawsuit which Steemit inc lost and the rightful owners won and received the Steem back, which were worth only a fraction of their original cost, but still.

I see. thanks for explanation.