Justin Sun Bought Steemit. Steem Moved to Limit His Power
The people who run the Steem blockchain executed a reversible soft fork Sunday over concerns about Steemit's new owner.
Steem
The Hive hard fork is expected to go live at 14:00 UTC with the support of major exchanges Huobi and Binance.
The blockchain for bloggers, Steem, is moving to Hive.io, CoinDesk has learned. The hostile hard fork is scheduled for Friday.
It's been a week since the Hive blockchain broke off from Steem in protest. So far, the market action has been on the side of the dissidents.
The Steem community is striking back after an attempted end-around by Tron founder Justin Sun.
The implications reach much further than just Steem or Tron, underlining the fundamental message of the "not your keys, not your crypto" mantra.
Steem
