CZ'S Answer: Fork Steem Again

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▶️ Watch on 3Speak


CZ, the patriarch of Binance, put out his answer to those who had their funds moved from their accounts during the last hard fork on Steem.

His solution: Fork it again.

In this video I discuss the prospects of that idea and how forking can be both positive and negative.


▶️ 3Speak



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6 comments
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No investor will touch steem from now on. Unfortunately the same applies for hive.

Posted Using LeoFinance

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You could be right although investors tend to just pump up prices.

The key is will any developers touch the different chains.

Posted Using LeoFinance

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They won't. Dao funding favors existing developments and dev friends. Look at hive proposals and who's voting and deciding and who gets support.
It's too obvious yet no one want to talk about that. Because the same guys own the bots and voting trails.
They said it's not censorship which I agree, but people are scared to speak up.

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I kinda agree with him...

I mean, stealing is definitively bad, but we already forked (Hive) and our 'consensus' rules agreed that steemit/Js & centralization supporters had all their funds moved into the DAO.

They're now making their move (BIG grey area there, as it is not the same forking a existing chain and decide their new distribution rather than freezing purchased stake & confiscate it).

This whole situation is a big mess and I'm starting to worry that we're also risking our own exchange listings.

What do you think??

Posted Using LeoFinance

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It could be. Behaving in this manner could turn exchanges off.

Exchanges are self serving so there needs to be a reason for them to carry HIVE. The need to keep developing, building, and expanding.

A lot of this is either just a distraction or has the potential to take it all off the rails.

We will see how it all unfolds.

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Summary:
In this video, Task discusses the recent events surrounding the Steam fork. He mentions CZ's comments on adhering to the hard fork put in place by Steam witnesses and the option for those who disagree to fork the blockchain. Task emphasizes the decentralization aspect of forking, highlighting the ability for anyone to fork a blockchain and make changes if they have the technical know-how. He mentions the upcoming fork called Blurt as an example of expanding options for users. Task also talks about the potential consequences of forking, including confusion and the challenge of building user bases for new forks. He touches on the motivations behind forking, distinguishing between legitimate reasons like governance disagreements and potential money grabs. The discussion delves into the complexities of forking, including issues of property rights, theft, and the decentralized nature of blockchain solutions.

Detailed Article:
Task's video focuses on the recent developments in the Steam blockchain ecosystem, particularly concerning the hard fork and CZ's stance on it. The episode kicks off with Task highlighting CZ's statement regarding Binance's responsibility to adhere to the hard fork put in place by the Steam witnesses. CZ suggests that those who disagree with the fork can fork the blockchain themselves, indicating the decentralized nature of blockchain technology.

Task delves into the concept of forking, emphasizing its role in spreading out and decentralizing blockchain ecosystems. He references the upcoming Blurt fork as a positive example of providing users with options and different ways of doing things. Task acknowledges that forking can be a double-edged sword, offering a solution for governance disagreements but also risking confusion and fragmentation within the ecosystem.

The discussion also touches on past forks like Bitcoin Cash (Bcash), with Task pointing out that while forks can provide alternatives for users, the ultimate value and success of a fork depend on various factors including user adoption and development support. Task raises questions about the potential consequences of reverting back to previous hard forks, highlighting the challenges of building user bases and ensuring the new fork's viability in the market.

Furthermore, Task explores the motivations behind forking, drawing a distinction between legitimate governance disagreements and mere money grabs. He discusses the implications of forking in terms of property rights, theft, and the decentralized nature of blockchain solutions. Task poses critical questions about the sustainability and long-term impact of forks on the blockchain industry, urging viewers to pay attention to governance, token security, and related issues in the evolving landscape of blockchain technology.

In conclusion, Task encourages viewers to stay informed and engaged in the ongoing developments in the Steam ecosystem and the broader blockchain industry. The video serves as a thought-provoking analysis of the complexities and implications of forking in decentralized systems, raising important considerations for users, developers, and industry stakeholders moving forward.

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