RE: The Hive Blockchain: A Steem Community Hard Fork With Superior DPoS - The LEO Show #24
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So Justin just moved STEEM to Binance.. obv to get free HIVE coins.. exactly how is this HF getting rid of him?
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I saw those xfers. So far it's only a few million STEEM. So yeah, he'll get a few million HIVE (unless they find a way to mitigate that).
The key thing to remember is that he bought that few million STEEM since the hostile takeover. That's STEEM that he accumulated to aid himself in voting in witnesses.
The original Ninja Mined Steemit, Inc. stake is 100% powered up which means that it won't be honored in the airdrop. So basically, any STEEM that Justin sends to an exchange to earn HIVE will be STEEM that he had to spend money on to buy off the market.
Another key point: 30 day delay for witness voting/SPS voting on the Hive chain. So Justin won't be able to impact Hive voting unless he powers up and waits. Then he'll also be locked in to hodling HIVE.
In essence -- Justin will never be able to gain power over the Hive blockchain. The 30 day delay mitigates his ability to use exchanges to attack the DPoS and the "deletion" of the 65M + Steemit Stake removes the vast majority of Justin's say in Steem governance. With the 65M on Steem, he's still struggling to vote in his puppet witnesses. Imagine how little his influence will be without that.
Posted via Steemleo
Still 3M HIVE is a lot of ammunition to give the enemy and that's only what he's moved so far.. more transactions may be coming..
True, it is a decent amount of ammo -- but again, the key point is that if he wants HIVE from the airdrop, he needs to pump the hell out of the STEEM price by purchasing it on the exchange. In the end, if the Steem community adopts HIVE and dumps STEEM, Justin will have lost a shit load of money and many Steemians will have had the opportunity to dump STEEM and buy more HIVE.
The most important part (to me) is that he isn't getting a free ride in the form of a ninja-mined stake. If he wants any sort of influence on HIVE, he's gotta pay up. No matter what, he'll never have the same amount of power on Hive that he currently has on Steem.
Posted via Steemleo
ehm, didn't he pay in the first place? what could stop him from buying a lot of hive and continue his fight? It seems like he has funds enough...
Isn't there a way to never have him on hive at all?
Posted via Steemleo