In the eyes of any newbie this image would be irrefutable proof that Steem is still the dominant Blockchain and that Hive was only a cheap copy.
Many unbelievers who only came to Hive.blog just because they saw its initial price of 0.30 usd and because of the snapshot that allowed them to have more tokens, are already returning to Steemit and regretting having abandoned it.
They haven't gotten around to digging a bit and thinking: Why is this crashdown happening in Hive prices, while simultaneously raising the price of Steem?
Pay attention to clarify your doubts !!!
Before the Hardfork that launched Hive, it was announced that a snapshot of all staked and liquid tokens would be made. This would give all users and large holders the opportunity to get a good amount of "free" tokens.
Again the witnesses failed
After underestimating Justin's abilities, the witnesses were surprised by a masterpiece (dishonest or not) by the binance, poloniex and huobi exchanges. We all know how the 20 sock puppet witnesses were positioned.
Now they forgot to lock the back door again and Justin went back into his house.
When they took the snapshot, they also gave Justin hundreds of thousands of "free" Hive tokens. These tokens are being dumped in Steem, that's why we are seeing that rebound in steem prices, while in contrast, Hive is falling.
But this is like spitting up.
In one way or another, many steem holders (Currently Active Hivers) are benefiting from these steem prices, since most Steemit accounts are currently on powerdown, with the precise and only intention of turning those Steem into Hive.
With a 2: 1 ratio (Hive: Steem) we will see how steem holders will increase their stake in Hive, thus demonstrating confidence in the new blockchain which will translate into Hive's price hike.
Although currently, Justin keeps many accounts frozen with millions of steem (@blocktrades for example, with 3,933,742.656 STEEM Stacked) this will eventually be reversed, adding millions of Steem that will transform into Hive.
Meanwhile Steem and Justin are enjoying an ethereal bonanza time.
Conclusion
The signals that Steem Blockchain is giving, thanks to its main Dapp Steemit, are not positive at all:
- Brutal and blatant censorship of content.
- Blog deletion. Every day the cases of posts erasure increase.
- Changes in the TOS, where clauses were included that guarantee the total cancellation of user accounts.
- Freezing of holders' assets. Who would think of placing their capital on a Blockchain where they can be frozen only at the whim of their current owner who wields fully centralized and tyrannical power?
I particularly loved Steemit. I still have a feeling towards that platform. But sadly I must see how he is dying and neither I nor anyone else, we can do nothing to save it.
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Excelent information brother, greetings
@tipu curate
Upvoted 👌 (Mana: 0/4)
Thanks brother.
great analyses
Thanks for stopping by.
#hiveisalive
Great insight into a tricky situation. I’m glad someone has time to keep track these things and the willingness to share it with us,
Thanks for appreciate it.
Mate, re-read your post. There are some stuff I know you want to say but the way they got written makes it feel different.
I will stop by later to mention them when I get to the computer.
EDIT: Done, reviewed some stuff and dropped my view/comments bellow.
Thanks, i´ll do it immediatly.
I can't find what you mention. Could you please tell me?
also add that Hive was down around 10 cents for several days and has moved up.. while steeem at the same time was in the 18 cents region.. most of last week..
This publication was written in that period.
your coingekos are from recent
Yes.
I had used the gadgets, but these are updated in real time. I should have done a print screen.
Dear @juanmolina
I believe, that it's still to early to say if HIVE would be in any way succesful or failure. Right now all demand is "fake". Coming mostly from those who are powering down their steem and trading to HIVE. On the other side we've those who do opposite.
For that reason I wouldn't really bother to analyze price of HIVE for upcoming 10 weeks - just until all those power downs and dumps will be over.
Wasn't one of the biggest mistakes they did? Snapshot should take place before this annoucement. Not after. Why would guys behind HIVE allow speculators to purchase more STEEM, pumping price of STEEM up and knowing that they will receive tons of HIVE tokens, which they can dump right away. Wasn't intitation for "bad actors" to join on massive scale in future dump of HIVE token?
Indeed. From day one I've heard that Justin "don't know what he bought". He proved those people wrong many times already.
ps. do you think Justin will reverse freezing all those accounts?
Yours, Piotr
I very much agree with your proposals, I think we share the same vision on the matter.
He definitely must.
Otherwise, this would be a vulgar robbery. He would be seen as a thief. I do not think he needs to add this adjective to all those he receives daily.