Steemit Community Will Launch Hive Hard Fork to Get Rid of Justin Sun | Hacker News Reader

Steemit Community Will Launch Hive Hard Fork to Get Rid of Justin Sun

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24 pointsbroomnap12 comments

I’ve been pretty out of the loop in crypto but I am so anti Justin Sun. He’s obnoxious, attention hungry, inarticulate, but with enough money that none of those negative traits actually matter to people. The BitTorrent acquisition was sort of brilliant, though.

Could someone give some context as to what's going on here? Is Hive a crypto currency? Why do they want to get rid of this guy?

Stories like this always make me appreciate Bitcoin more. Satoshi disappeared without a trace for nearly a decade already and yet the project continues to work, progress and self-govern without a hiccup. That’s the ultimate decentralization test.

The infamous blocksize debate disagrees that it's been progressing "without a hiccup". It's instead proven that really beneficial upgrades can be blocked by a small number of developers and a large amount of propaganda. This is why Bitcoin fees have been so high.

The market, the miners, the developers, the merchants and the users - they all disagree with you.

There’s been plenty of time for “the flippening”, and yet it seems that more conservative system is valued more than rushed in non-solutions led by conmen.

The BCH split is in fact a perfect demonstration of how checks and balances prevent any constituency from taking over the system. Miners own the hashrate but they don’t own the protocol. Miners mine and get rewarded for it. Nothing more, nothing less.

Almost every word in that sentence is wrong.

* except for one critical bug, bitcoin has not been running more than 10 years without problems. * “really beneficial” is just one point of view. Without an increase it’s still running fine. * A large amount of propaganda was indeed injected into the ecosystem, but not by anonymous programmers but rather by big corporations who want to make money as “miners” and failed _because_ this project is decentralized.

I understood barely half of the words in the title. I must be getting old.

Some Cryto Currency's Community will Launch a Hard Fork to Get Rid of an Annoying Dude.

What continues to astound and fascinate me is how after all this time we still have so many different crypto currencies. Also, how so many of them manage to retain value after massive violations of trust and failures.

Can anyone point to coverage of crypto companies from the perspective of how they make money? I've never really dug into this, would love this decent leads.

I'll leave the web searching up to you, but fundamentally crypto companies make money the same way banks do:

- Transaction fees when you transfer funds in or out of your wallet. (or they buy and sell at different prices which amounts to the same thing in the end)

- Float on deposited funds

- A few make money on other transactions or on mining.

The different currencies operate differently so the ways to make money as an exchange vary, but transaction fees are usually the big way.

Steem is down -30% https://www.coingecko.com/en/coins/steem

It went up 30%?! Wow!

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