today I want to talk about what it is basically why I think steam is dead at least for now probably for good in my book and you know what's going on would happen and what caused this because it's just that a for captain so clearly with some divide this is the front end for the steam blockchain steam it it might be more familiar with that term and I've been posting videos there like I said for two and a half years I'm also part of the Leo finance community which is now mover to the high blockchain as you'll see if many other projects have as well so hive what happened Justin Sun took over he bought the stink steam and Inc stake and also the company that helps you know get things out and code things for the steam blockchain and if you don't know Justin Sun is he on stron BitTorrent he's just he's Chinese guy he's pretty rich and he's controlled some of these big projects so what happened was pretty much a disaster if you want to learn more you can go check out the videos here on Leo finance Cal does a good job of going over a lot of the saga really basically you know he's tried to centralize a blockchain which is endangering integrity of it you know the value the prospect of what it is of what it's supposed to be and there's a lot of back and forth between the witnesses and you know maybe some actions were bad but he has just said whatever and done whatever really I mean he is even currently freezing the steam stake of some of the witnesses and this is stake that people bought with their own money just because he's pissed off that he didn't get the air drop for hive and of course he wasn't gonna care job for hive because it's the reason that I was created to get away from him right so that's pretty sad to see as you can see he's freezing private property you know he's attacking people their funds I mean if he found this video he might just be like well you know I'm just gonna freeze this guy's account and he's not gonna have access to this team anymore so as you can see it's centralized defeats the purpose and therefore a new block chaining to be cray and it's kind of what I was thinking in my last video if remember what Justin sign I was like well this isn't gonna be going anywhere this guy seems like he's a little bit crazy and and yes he's had some several tamper tantrums that I recorded on blockchain now so that's pretty interesting but what's going on with hive so hive really has all the old community which is everyone pre Justin son really just everyone except Justin son and maybe some Koreans which includes all of the developments that really made the same blockchain valuable first of all the large community splint lands is going to do what they can to they're still migrating over but the Creator is over on hive we have Leo finance for example which is another one of the projects and all these little projects and all these tools and developers are all moving over to hive so I really don't see steam doing so well I mean they have Justin Sun but these people who in order to hive had been on the steam black team for years and experience developing and even the steam and ink team almost everyone quit I think everyone except the CEO which was Eli Powell or with director or whatever her name is we're title is there all over and supporting the hive blockchain because they think is pretty ridiculous what is Justin Sun has done with it I mean it's destroyed basically steam so you know out of that maybe something positive we have hive so currently I was going to show you it's already debuted in the top hundred coins so this is a serious project and it was actually higher before there was like a kind of I think a coordinated attack to dump hive by some exchanges that were you know had collusion with Justin or you know owed him a favor or he is he has a lot of influence in some of these different exchanges especially I think like up it so one thing you need to know is you would have got this airdrop of hive if you just held your steam on the steam blockchain or it depends if which exchange you were using some exchanges might not give you the hive because again they are colluding with Justin to a bit you from getting what is your money I guess so a lot of messed up things going on but hopefully you have your airdrop and you can just go to peak decom and you know type in your at username you go to your wallet your funds should be there already you already have your balance in hive hbd from when the screenshot was taken so now there are two separate block chains if you make a post hive it's not connected to steam these are separate and there is this other projects going on so you can see it's already all these other people who were before here we have e steam which is probably to be like a hive or something right we have the hive invite we have block trades over like I said all the big developers and things are on hive which really takes away all the value from steam because justin seems to have basically no knowledge of steam when he talks i mean it was just like nonsense he was talking about he wants to do different policies that kind of destroy even how the chain works itself it's I'm not gonna get into all of it basically he seems to have no clue I'm sure he can hire people who have clues but right now if you're looking for a nice centralized project you know go put your money in steam maybe all right don't take that seriously not financial advice of course but personally I see the steam or the steam price dropping off currently it's still like 17 cents I'm powering down everything again I'm gonna be selling maybe I'll keep a really small portion of my steam maybe and most likely uh you know I keep all my hive so that's how it's going that's what's happening I also I think the steam price well first of all if you remember Justin Sun locked up like an incredible amount of users funds so there's a lot of illiquidity or the steam token + manipulation whatever his antics are I mean he might be keeping the price up so if he's keeping the price up I'm selling I just don't understand how steam would be higher value than hive I've had way more behind it even though it just began and I don't even know why Justin Suns doing this I mean his reputation just must be tarnished and the community for crypto after this it's pretty ridiculous it's so clear that he just wants to have central power I don't believe in any of his projects Tron BitTorrent steam really I mean yeah it's sad to see but here we are on hives five is I like the name you know it's like a beehive I think that's where it gets a fun work community and the power of having the governance is that if something takes over like this I think it really shows that there is some strength in the delegator proof of stake system because a new blockchain will be created and if you have the community with you then the old one will be left behind so you should be paying attention if you can right now the keychain app if you remember steam keychain this is the hive keychain is not currently available through the Chrome extension but you can do a github through developer mode it's not that difficult there's tutorials out there and that's what I have right now to access things otherwise you can just put your login directly also you might want to change up your passwords or your master keys just in case so it's not in the hands of someone who is you know looking for centralized power you might want to switch that up and so that's basically the overview what's going on so far it's a little bit of a slow process because things need to shift over things need to move over right so the basic features are posting and all of that is still here you can catch my content on peak decom now that's where I is probably the best way to find me I also suppose my videos on three speak you could also go there and of course like I said Leo finance still I think we have the steam Leo domain name but like I said it takes a while for everything to move over but it's kind of clear that all these things that were part of the steam blockchain are going to be part of hot so it's really where you want to be over steam in my opinion and that's basically the main message so make sure if you haven't already if you kind of more of a passive investor in steam make sure you're trying to get access to your hive because I think steams gonna be work this and if for some reason you were wrong to in you Kanaka access to your hive money then maybe consider selling some in your steam and buying hive if you're still interested in the project alright that's it for this episode I hope you all enjoyed my quick overview
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