Aug 19, 2020
Business
The Steem community launched a lawsuit against Bittrex
Key members of the Steem community have launched a lawsuit against crypto exchange Bittrex—which unexpectedly received over $5 million of cryptocurrency that the Steem community alleges was stolen from them—to get their funds back. The plaintiffs are asking the exchange to pay $16 million. This is the latest step in a long running saga between the Steem community and Tron Foundation CEO Justin Sun, who bought Steemit Inc. in February, hoping to bring the blockchain-based social media site to hi...
Aug 18, 2020
Long Reads
Steem vs Tron: The rebellion against a cryptocurrency empire
One spring day four years ago, Dan Notestein, a self-made millionaire and coder, padded down the wooden stairs to the basement of his ranch home in Blacksburg, Virginia. He sat down across from three other devs who were working on a startup called Steemit. Notestein, who was a contract worker on the project, settled in for what he figured would be just another day. It turned out to be anything but. The devs were building what had been billed by its co-founders, CEO Ned Scott and CTO Dan Larimer,...
Jun 3, 2020
Technology
The most popular Steem dapp just migrated to rival network Hive
The most popular decentralized application on the Steem blockchain, crypto-based trading card game Splinterlands, has defected to Hive. Hive is the rebel blockchain network created as an escape from the conflict surrounding Justin Sun, the new owner of Steem’s prime social network, Steemit. WE'RE MOVED TO $HIVE REJOICE SPLINTERLANDIANS! (( HOW ABOUT A CONTEST? )) WIN (5) BOOSTER PACKS! RT, LIKE AND COMMENT BELOW! 👈 THANK YOU FOR THE SUPPORT! https://t.co/rqonwVKpYh 👑#SPLINTERLANDS #BLOCKCHAIN...
May 21, 2020
Coins
The Steem saga is really a battle over how to decentralize
The Steem network voted to hard fork yesterday in retaliation against users who had set up a competing network, Hive. Crypto commentators with seemingly no stake in the outcome grabbed the popcorn and typed hot takes on Twitter. But the Steem/Hive dustup poses a larger question for crypto advocates: Should all blockchain networks be totally decentralized? Or is some centralization permissible provided people have decentralized alternatives? A quick recap: Steem network users voted for a hard for...