@theycallmedan publishes article on Hackernoon
Nice to see the story getting as much exposure as possible. Because @theycallmedan is the author, obviously it is a lot more accurate and insightful.
I finally got around to claiming free accounts on Hive with my Resource Credits. Because so few accounts are doing this I was able to get way more accounts than I normally would. 17 accounts all at once? Yes please.
I believe one day the 3 Hive it costs to create an account will actually be a significant sum of value. Hive will have scaling issues; it's only a matter of time. When users are clamoring for accounts I'll have the opportunity to sell these off or use them myself for friends/family or even canvasing myself. I've already have 260 account tokens stocked up.
Of course before this can happen Steem must provide jobs that actually pay a wage users are willing to accept. An interesting side effect of this whole economic lockdown is that the general population may get much more desperate when it comes to earning some money on the side, no matter what the hourly wage.
I believe crypto will be in a prime position to provide jobs online that initially pay users very little (like blogging or game content). Those who get good at what they do and build out their networks will find increased reward for their participation. We are in a position to pay based on quality of work rather than engaging in exploitative wage slavery.
Hive liquidity is thin, and millions of coins are looking to dump. It appears as if Justin Sun has convinced an exchange to give him his airdrop early and he dumped it on us. Although I have to say this doesn't feel like his style. He's thus far been very disciplined with this assets. I'm also hearing rumors that Korean exchanges actually do have a history of dumping their airdrops and paying out their customers with the average using another coin (BTC / stable coins). This could have easily been what happened.
Regardless of how the dump happened, it happened, and there may be more coming. You can see in the screen shot above that there is a huge buy order for a third of a million coins at 750 satoshi. I've decided to snipe this price and put a buy order in at 20k Hive @ 751 satoshi on Bittrex. See for yourself if you like.
Scrolling down even further we can see a huge 1.1M buy order at 500 Satoshi with 0.4M other buy orders sniping that price at slightly higher levels. We can also see the aggregate totals equal a paltry 19.5 Bitcoin. That's right, if you tried to dump a couple million Hive right now you'd only get 19.5 Bitcoin in return. Let's hope some of these big stake holders looking to dump are foolish enough to throw away their money like that and gift us some cheap coins.
I've set up positions all the way down to this 508 Satoshi level.
My next powerdown comes on Thursday, and not a moment too soon.
I'll let these lowball buy orders stand and continue funneling my Steem into BTC.
There's a very real chance I could be 60k Hive richer in short order.
Tron is still foolishly propping up the price of Steem at 17 cents. They are giving us a free exit and allowing us to buy back our own coin at a discount. It's pretty hilarious. Hive continues to decentralize while Steemit Inc sucks down all the coins being dumped. I really can't understand the logic. I wish them all the best with their attempt at a pump/dump. In fact, I may save up my last 3 or 4 powerdowns just in case they do have some success on that front.
@darthknight still on warpath.
Looks like they might end up let him switch his withdrawal route away from @bittrix. I guess we'll see.
My recovery account is still foolishly set to the @steem account. My accounts remain at risk, although the only copy of my master/owner key is written on paper, so I don't really see how it could get hacked. I guess I'm pretty fucked if my house burns down eh? No fireproof safe here.
It's pretty ridiculous that you need the owner key to change the recovery account. I don't want to put my entire account at risk just to change the recovery. Active key security would be just fine to change the recovery account. It takes 30 days to do so... and the whole point of the recovery account is that you get your account back from someone who stole the owner key... requiring the owner key to change it is ludicrous.
This whole situation once again points out the obvious that we need a hardware wallet option; preferably an airgap that completely severs the link to the Internet.
I finally got around to testing my peer-to-peer gambling dapp on the new Hive servers... and it works perfectly. #hiveisalive
I only needed to add one line of code to make it work!
Yep!
All I had to do was connect to @anyx's server and it worked!
Hive has amazing plug and play ability... as witnessed by me in person just now.
Now that we can no longer rely on the main Steemit node many other nodes out there have really stepped up.
It's actually pretty amazing.
Lot's of hype out there on the development end.
SMT
How long did it take the scrubs working for Justin Sun to implement the code that froze those 8 accounts? Tron has zero experience when it comes to developing on our network, and they are using most of that manpower at the moment to figure out how to censor content from the blockchain (lol).
Our network can code circles around his. SMTs are almost done, and when they are up and running it will be painfully obvious that Hive is on a path of exponential development while Steem is dead in the water. So weird how the main chain ended up as the scam chain; quite the opposite of Ethereum and Eth Classic.
Conclusion
Well that's all for now.
I wish everyone well as they hope that Tron doesn't decide to freeze their account.
Next Powerdown: T - 12 hours