Topic: SteemFest and Upcoming Steem Hard Fork (Read 842 times)

Steem is being pumped in anticipation for today's hardfork, I can see the price crashing after the hardfork becasue I think the price is being pumped by steemit developers or whales and can support the price forever.

Of course the price was rising and it has been pumped by developer and some bagholders, they won't their coins going down deeply and they won't losing their money. But let's wait until there are other updating and innovation from the developers and support from their investors and comunity, what will doing for next time.

Actually, the price has been RISING since the announcement of the changes...

Yup, but the community feels hardfork the ecosystem will change for the better and will now be more accessible to more people," and says CEO Steemit, Ned Scott. "The demand for a hard fork was initiated by the community.
It is reasons of developer steem. 

the killer app is ...

reddit/steemit + uncensorable unstoppable + $BD(what is the millennialz bank account?)

fuck the STEEM ... it is just like fiat ... ever inflating (only the dumb invest/hold) ... it is used to fuel the machine
see the forest thru the trees

this fork just re-enforces the scammy insider whales dominance ... the price crash is a GOOD THING!

Community members and programmers STEEM hope that the economic changes will increase the stability of the Steem platform and inspire many new users to the new social fix - the first site on the basis of a chain of blocks. Unlike inflation, many of the Steemit features will remain the same.

Steemit's value and growth is phenomenal but has been hampered by a call to long-term participants, "Steemit said in a statement on Monday." The new structure of Steem reduce inflation and adopt a model closer to Bitcoin , Which participants who do not lock their crypto-currency value have long been encouraged to influence in the social network. While all STEEM holders have increased liquidity, to attend the award of new STEEM tokens, producers and Creators will not change content, this figure is still 9.5%.

By the new annual inflation rate of 9.5% immediate, electric Steem holders will receive 15% of witnesses and minors will receive 10% and content creators will receive 75%.

"The change is due to a change in the financial aspects of the platform platform users were apparently looking for a more reliable system that was easier to present the native currency of the platform, Steem, is currently the ninth largest crypto-currency according to CoinMarketCap It is far from its summer summits (0.0064 BTC by Steem.) - the site was at one time the third crypto-currency, according to CoinMarket Cap - and When the price is 0.0002 BTC Following a recent Rolling Stone appearance, it may be that space creates another favorite cryptocurrency media and has the Bitcoin Ethereum before Steemit .

The rollout is December 6th, not November 29th. see

https://steemit.com/steem/@steemitblog/steem-0-16-0-official-release

Well i am sorry for Inconvenience because before i made this thread, cointelegraph was not sent their news and my source of news is from other source that is reasons will there are different as you said  Also, there a NO decisions made by the "Steemit community".
But Let's wait other updating from steemit's comunity. Thanks for the Links.

HAIL the 50 Lords Of Steemit!

this creates a more less insta mined model.
it was built with rapid inflation, now a drastic reduction, 2 year reduction would have been better/fairer.

no desktop client wallet for STEEM yet.  IFIK.
*yes it will need a browser/client of its own*ELSE the website is a chokepoint.

Why would you just copy a Coin Telegraph article without linking to it:

https://cointelegraph.com/news/steemit-social-media-platform-evolves-steemfest-and-upcoming-steem-hard-fork

Also, there a NO decisions made by the "Steemit community".

It's all smoke and mirrors, because the "changes" do not affect any core problems...
But the 50 Lords Of Steemit will now cash out at $0.25 on the dollar instead of $0.05 on the dollar....
Everybody else gets totally screwed starting with the continued refusal by Dan Larimer to provide steemd Windows binaries.

It's impossible to secure STEEM holdings without official steemd binaries...
Relying on the security of a central web site completely defeats the purpose of having a fucking blockchain.

The crypto-currency zone is full of rapidly changing technologies. The Steem / Steemit social media platform is no exception. Not only did he blogging and using social media, but he also acquired a passionate and diverse community from around the world.

More than 200 participants from 31 countries, 35 percent of women, met at SteemFest this month in Amsterdam. This is a good trend of diversity and it seems to indicate that Steemit invites a wide range of people.
Of Iceland

Perhaps one of the most impressive community displays that occurred, took place after SteemFest when @sharingeverybite and @shenanigator remained stuck in Iceland after their flight was canceled WOW Air. The Steemit community upvoted their mail for them financially and also sent money to help directly their Steemit portfolio.
This included a $ 350 donation from Stem Backed Steemit Inc. CEO Ned Scott. Hopefully everything is resolved, and they have made it safe to return to the United States.
Next Stef Hardfork

Cryptocurrencies was a great experience, and one of the things that was decided by the Steemit community was that the current STEEM economic system is not working as originally intended. Adjustments are made to the platform. Inflation is currently at 160 per cent.

All that is changing with the hard fork that is set up to roll out November 29. Inflation has been brought down to 9.5 percent, in essence, the limit of the offer here fate. There are many other changes that will happen as well.

These changes would not make sense if you have not been thoroughly examined in the Steem / Steemit platform. However, the important thing to note is that the supply of new coins will be greatly reduced. There will be more cash in the system, because a person who has won or bought current Steem can recover this value faster than before.

No one can predict 100 per cent what the impact of these new rules will be. Gabriel Scheare, a blogger in Chile, who goes by the handle @piedpiper, said in a recent video blog is an excellent opportunity for people who got to the start and want to be paid and it is also an opportunity for people Who want to buy now, because these people make money, it is likely to push the price to more accessible levels.

The evolution of the Steem / Steemit ecosystem is something like the quick change to keep an eye on. These changes will change the incentive structure for bloggers, content conservators, witnesses, miners and investors.

Only time will tell how the market and the community will react to the changes ahead.