Hive forked Steemit, is compiling a blacklist of “Tron puppets” barred from an upcoming Airdrop
On March 20, 2020, at 5 PM EAT, the long-awaited for a hard fork of the STEEM blockchain launched, setting a new precedence across delegated proof of stake (DPoS) networks. The fork is explicitly intent at withdrawing Justin Sun’s control over the blockchain and developing new governance controls on the system. As expected, TRON’s and Justin Sun’s biggest competitor, Vitalik Buterin, founder of Ethereum, weighed in on the “Battle for STEEM.”
The Steem community implemented a hard fork to push out Tron CEO Justin Sun after he executed a takeover of the social media network. The new fork, dubbed “Hive,” will focus on decentralization and run diverse of the existing chain. However, there’s one key difference — one that could end the month-long war: Steemit’s new owner, as well as his supporters, can’t move Steem tokens over to Hive.
Steemit, basically a decentralized Reddit, was acquired by Blockchain TRON in February. However, many Steemit users do not trust their new owner, TRON Foundation executive Justin Sun. When Sun bought Steemit, he earned about $ 12 million of pre-mined cryptocurrencies online. An estimated 20% of Steem’s total supply.
On Steem, token holders vote on proposals about how to upgrade the network. The most productive users have the most influence. The community was worried Sun would use those tokens to control the network, thereby undermining the platform’s democracy. So a few weeks ago, they voted in favor of a soft fork preventing Sun from using the token.
And Sun was not happy. He called those who voted against him a malicious hacker who violated the dignity of the owner. Sun enlisted the help of cryptocurrency exchanges Binance, Huobi, and Poloniex, to regain control of the network. Exchanges are some of the richest (and most potent) members online, as they can use their customers’ money to vote online. With their help, Sun managed to unlock his money.
When #Bitcoin invented, the beauty of the cryptos is that no one can take them from you. The sanctity of private property is guaranteed by the math and code behind it. Freezing people’s funds violates the basic foundation of cryptocurrency.
— Justin Sun (@justinsuntron) March 19, 2020
Not surprisingly, the Steemit community dislikes Sun’s decision to take over the network. They persuaded Binance and Huobi to stop supporting Sun’s takeover. Since then, both the community of Steemit and Sun have used their money to gain control of the network.
Hive is a new turning point instead of continuing the old grudge
But instead of fighting Sun, some members of Steemit started working on a new platform called Hive. Hive is essentially the same platform, and Steem tokens can be swapped for Hive tokens.
The notice from Hive states:
“The only accounts which will not be (able to swap their tokens) are those containing the Steemit Inc [pre-mined] stake, and those who actively contributed to (and publicly declared support for) the centralization of the Steem Blockchain.”
These members are listed on the “HIVE AirDrop Exclusion List”, which contains the nicknames of alleged “in puppets” and “ninja miners.”
Steemit is also accused of censoring content related to Hive. Blogger Crypto Girl Gone Crypto posted a video where she said her neutral explainer video of Hive’s launch video was removed from the platform. Concentration issues and censorship issues are precisely why the Steem community is giving up the chain and moving to Hive.
Well, it finally happened. I had my content censored. I just always figured it would happen on Youtube… not Steemit. 😳
— Girl Gone Crypto (@girlgone_crypto) March 19, 2020
“Centralization issues and censorship concerns are exactly why the Steem community is forking the chain and moving to Hive.”
- Tron Founder Justin Sun Tweets A New Milestone Regarding Contracts Set Up On The Tron Chain
- MoneyGram Reports $11.3 Million In Revenue As A Result Of Its Ripple Partnership