Intro
It is not often when a HODLer, like myself, gets a chance to play day trader. The STEEM/HIVE fork presented that opportunity when my analysis was that DPoS Governance needs to return to the drawing boards. In the meantime both my HIVE and STEEM accounts are powering down.
The fork was not about technology like many other forks; the BTC/BCH fork being a good example. This fork was about power and control and the fear of loosing it.
For almost 4 years the Top Twenty witnesses had averted their eyes from the dirty dealings of the STEEM launch, by Steemit Inc., with their pre-mined stake. It was said to be there for funding of future development and a gentleman's agreement was understood between the Top Twenty and Steemit Inc. that it would not be used in witness voting. So long as it did not affect the Top Twenty's token grind they were willing to ignore this centralization of stake... that is until it threatened their own power and control.
This happened when Justin Sun bought Steemit Inc. from the snake oil salesman, . Without any promise from Mr. Sun that things would remain the same the Top Twenty, or The V.22.2 Cabal as they are affectionately know to me, freaked the fuck out and installed HF22.2 which froze the accounts of all Steemit Inc. accounts which held the majority of the pre-mined stake ror which Mr. Sun had just paid up to $10 million dollars.
Well aint that the Welcome Wagon from Hell. These snotty nosed circle jerkers then told Mr. Sun that they would meet up with him in 2 weeks to let him know how things were going to be. Not the brightest bulbs in the room they did not consider if it was a bad idea to go up against a billionaire, who owned their own fucking crypto exchange. Seems that circle jerking can impair more than just one's sight but the cognitive thought processes of the load weary brain.
The first salvo had been fired and the war declared. The V.22.2 Cabal forked away using the narrative of decentralization. Let's see how that worked out...
There are still some areas of engagement from airdrop blacklists on HIVE to frozen accounts of the V.22.2 Cabal on STEEM. Boys will be boys.
My attitude is to fuck all of them. There is a devious plan up my sleeve to do just that, yet that must wait until my power down is complete.
HIVE
With a belief that the HIVE price is showing the upward pressure, which the sell off of STEEM by 10,000 HIVE active users and many buying HIVE with that sell off would likely do, it seems a good time to sell my HIVE into that upward pressure. This will likely slow down to the point of being insignificant in about 9-10 more weeks when everyone wanting to has finished their power downs.
STEEM
My feeling is that a movement in STEEM could be expected in 9-10 weeks' time. Perhaps atomic swaps are being worked on in the background and they will be launched in that time or Mr. Sun decides to pump the fuck out of STEEM for the larfs in the dog day afternoons of summer. My plan is to be liquid ready so as to be ready to follow the tide in my STEEM sell off; should atomic swaps become just another SMT-like dream.
Conclusion
Who knew that the DPoS Experiment would turn out to be a testimony of the vindictive and greed lustful nature of the human spirit or at least how it can be easily made so through the corruption of power and greed.
The part that really saddens me is how much great dev talent and content creators have followed those power hungry snotty nosed jerk offs of the V.22.2 Cabal down this rabbit hole of failure.
It will be 4 years not quickly forgotten.