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RE: How to Save Steem

in #steem5 years ago

I agree that we can get rid of the Ned problem one last time.

You are saying it is nothing but running a software in the computer. I have few layman questions here. Can you please answer?

From what I understand, Forking out is starting a new chain with the same data with just an exception that steemit's stake will be sent to null in the new chain. If that is the case, will all the current users be available in both the chain?

If I use a web interface and try to login with the wif, I will be taken either inside Steem or the new one based on what node the web interface is using. Is that right? So, after the fork I should technically be able to login to the user accounts in both the chains with same wif right?

This will create a new currency. Probably Steem Classic or something. We have to then identify exchanges to make them list this. Exchanges will then have Steem as well as Steem classic listed. Right?

This act will have a massive impact on both the prices. Steem might fall. Steem Classic might pump etc. But all the current users will have equal stakes in both the Blockchain right?

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"If that is the case, will all the current users be available in both the chain?"

Yes.

"If I use a web interface and try to login with the wif, I will be taken either inside Steem or the new one based on what node the web interface is using. Is that right?"

It will be up to interfaces to connect to the right chain and to inform their users which chain they're connecting to. I would assume that some of them will choose one chain or the other and not use both.

"So, after the fork I should technically be able to login to the user accounts in both the chains with same wif right?"

Your keys should not change. They will be retained as part of the fork.

"Exchanges will then have Steem as well as Steem classic listed. Right?"

Possibly. They may choose to list one over the other, both, or neither.

"But all the current users will have equal stakes in both the Blockchain right?"

Theoretically, yes.

Thanks. That's clear 👍