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Steem community votes to stop justin Sun’s takeover

Steem community member by the name Girl Gone Crypto shared a clip on Twitter claiming that  her “neutral explainer video” regarding the March 20 hard fork had been censored removed from the Steemit.com Steemit's a hard fork which would see the platform shifted to the Hive blockchain was scheduled for March 20. Girl Gone Crypto decided to share a video clip comprehending the details of the hard fork and the new Hive blockchain. However, she was astounded to see her clip censored on the Steemit platform.


“I made a really neutral explainer video just kind of walking through the announcement, and what’s happening; and what people can expect, and that post was just removed from Steemit.com. What’s really ironic about this is that centralization issues and censorship concerns are exactly why the Steem community is forking the chain and moving to Hive.”

Steem community votes to stop Sun’s takeover

The Steem community suggested the Hive hard fork on March 18.  This was a community response towards the Tron CEO attempt to dominate the network.  Back on February 14, Justin Sun acquired Steemit Inc, acquiring 20% of the total STEEM tokens supply. This acquisition instigated proposals of a hard fork from the Steem community.

Furthermore, on March 3rd Justin Sun influenced major cryptocurrency exchanges Binance, Huobi DM and his own Poloniex exchange to vote in his favour to drive out Steem network’s 20 node operators.

Following an adverse reaction by the Steem community; Huobi and Binance have both since withdrawn their votes and expressed their support of the Hive hard fork. Hive tokens will be airdropped at the ratio of 1:1 with the Steem tokens; however, it will exclude the founder's reward, which is held by Justin Sun.

In conclusion, the Hive hard fork seems to have drawn massive backing from the Steem community members. Within 16 hours of the Hive fork announcement, the value of STEEM surged by over 200%.  You May Also Read.

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