The Rise of Hive: Going on Three Years of Being Better Than Steemit
Normally I refer to Steemit as "the other blockchain" because it's like that crazy ex-girlfriend you just want to forget. That's O.K. for comments but for this post I'll refer to that other blockchain by its proper name.
On February 14, 2020 Ned Scott announced that he had sold the Steemit blockchain platform to Justin Sun. In response to that hostile takeover of a blockchain the Hive platform was founded. Maybe you weren't aware of decentralized blogging and social media three years ago. For many of us who were active at the time we will remember the absolute mess that went down.
Hive was forked from Steemit in March 2020. When the Steemit soft hard fork occurred on March 20, 2020 it included an element to confiscate tokens from influential users who opposed the sale of Steemit to Justin Sun. That taking of tokens was a betray of the principles of decentralization and self-custody of assets. Not much has changed about Steemit's centralization since Hive was started.
As the owner of the Steemit platform, Justin Sun has significant influence over the direction of Steemit. He has the power to make decisions about the platform, including changes to the Steem blockchain, new features and updates, and new partnerships. Sun is not technically the sole decision maker for Steemit. Theoretically any changes or updates to Steemit must be approved by the Steem blockchain stakeholders. Justin Sun has already used a hardfork once to confiscate the assets from shareholders. Why oppose Justin Sun and risk your stake? Justin Sun used a hardfork as punishment before. He can do it again.
Steemit is DINO (Decentralized In Name Only). Hive isn't perfect but it is far more decentralized than Steemit. Hive has a more decentralized governance model, where users hold more power and control over the platform's direction and decision-making. In contrast, Steemit has a more centralized governance structure. I don't know how many of Steemit's blockchain witnesses are sockpuppet accounts of Justin Sun but I'd be shocked if it isn't the majority of them.
Hive also has a more supportive and active community than Steemit. The Hive community is made up of a wide range of users, from content creators and curators to developers and investors. This diversity of users and perspectives has led to a thriving ecosystem of dApps, communities, and initiatives that are built on top of the Hive blockchain.
Hive has become a better blockchain than Steemit. Hive provides a more democratic and transparent platform for content creators and users, with a more supportive and active community.
And to Justin Sun, please stop calling and texting me. I allowed you to be a guest blogger on my main @holovision account for the last three April 1sts, but I meant it when I said last year that there would be no more invites for you
to guest blog for me again.
I was not there yet in 2020, (un)lucky me. I did not know about Steemit when I joined hive. But every now and then articles like this one pop up and fill in some blanks. Why didn't I go out and do some research on that so far?
I feel exactly that way, the more I hear/read about it. And who wants to investigate that topic? I don't care about the ex, I care about the now. Do my emotions get in the way of rational thinking at this point? Definitely. But that's what makes us (and me) human.
So in a way this was like telling me why you (i.e. Hive) broke up with your ex and why the new relationship is so much better. But that's about all I want to know about this topic. 😏
!WINE
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The bot is drunk!
I am super excited to see the second layer tokens as well as our decentralized exchange. All of the massive projects we got going on like the play to earn video games. @psyberx is awesome.
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I was an early adopter of steem/steemit. Like, before the first payouts happened. I was totally in love with the idea of the platform and the direction it was going early on. I’ll admit, I faded off in my activity pretty early on (mainly because I hated navigating everyone’s posts before communities existed), but my interest fell off almost completely when I read about Sun taking over. I even hopped over to Hive pretty early on, but didn’t see it as something I wanted to spend time on. Now, though, this place is GOING places! Over the last few days, I’ve been really excited to be part of this community and I can’t wait to see where we go from here!
Is steem still out there ? 🤔🤔
I have never heard of the steemit blockchain but coming to hive I can attest to what you said perfectly well. Hive is more or less a home and really a home. It offers good opportunities to content ceeators.
Thanks for sharing bro.