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RE: No...Hive Was Not "Stolen" In The Fork. SMH...

in OCD5 years ago

HIVE is a continuous chain, not a new one.
Hive fork happened at #41818723 block. How do You explain the HIVE asset existed in previous blocks? In #41818722 we can see the witness got rewarded in HIVE. This means this asset was created much longer before.
Let's look at Hive very first block #1. It is from 2016!
So HIVE is STEEM.

Witnesses narration is wrong and more and more people realizes it by now. There was no an "airdrop" thing.
HIVE as the longest-blocks chain is the natural Steem inheritor community look at. Many people wallets got zeroed for no reason - they existed in the chain and everyone can verify this at hiveblocks.com

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This is a fundamental misunderstanding of how blockchains work. Under this logic Bitcoin Cash is Bitcoin and doesn’t exist. Bitcoin SV is also Bitcoin, same with Litecoin. All of these are Bitcoin forks. This is one of the most basic concepts not only in crypto, but just in open source software development. It’s not some nebulous new concept.

Do some research and learn for yourself how things work before buying into people false narratives.

Forked coins are much different to airdropped coins. Airdrop is when moving funds. This is what Byteball did to every Steemian in 2018
https://peakd.com/steemit/@punqtured/official-byteball-airdrop-to-steemians

You’re not supplying any technical basis for what you’re saying. You’re just saying “It’s different” It’s not any different. Forks are completely new assets and using an existing userbase as the jumping off point is useful because that increases the chance of adoption because as I stated in my post, money is a belief system. If more people hold a token, it’s more likely some will value it. If someone is attacking the network and you fork as a response to the attack it’s completely nonsensical to give the attacker tokens. It defeats the whole purpose.

In the case of STEEM, there was no chain split. They modified EXISTING tokens users bought and paid for. That’s a completely different story and if you don’t believe me believe the lawyer that’s said as much on chain multiple times.