Steem becomes Hive

The Steem blockchain and social media platform is about to hard fork after what can only be described as hostile take over by Justin Sun, a Chinese investor.

A hostile take over is of course the worse case scenario for any free speech social media. It could well be the end of free speech if the new owner wills it so.

Of course here blockchain based technology really shines as all data is already stored distributed among the miner — or witnesses as they are called on the Steem blockchain.

So if enough miners decide to go their own way (pun intended) the chain can and will spit into two identical chains which both now containing all the legacy data.

Instead of loosing your postings (as in the case of the Google+ shut-down) all your postings now exists twice. As well as all the accounts, the communities and most importantly the cryptocurrency. Whatever Justin Sun decides to do with Steem blockchain there will be a backup copy of everything up to the moment of the split.

That moment is announced for Friday, March 20, 2020 14:00:00 GMT.

You can already try out the soon be new social media. Of course until the split still showing data from the original Steem blockchain.

• Original Hive announcement on SteemIt.
• Hive announcement on Hive itself.
• For good measure the same article on SteemPeak and Busy.

If the fork is successful then Hive will have proven to be the most censor prove social media and payment system in existence. As far as one is prepared to use cryptocurrency, which is rather volatile, as payment system.