Steemit vs Hive: The Battle of 2020 and Why Steemit Still Shines
Steemit vs Hive Conflict – Which Accounts Were Affected and What’s the Truth?
The conflict between Steemit and Hive remains one of the most significant events in crypto history. This 2020 dispute divided the community, leading to serious consequences for several major accounts whose stakes were confiscated, and access restricted. Let's dive into the details of this controversy and see which accounts were affected.
How Did the Conflict Start?
The issue began when Justin Sun acquired Steemit Inc. Since Steemit Inc. controlled a large ninja-mined stake, the community feared that he would gain complete control over the blockchain. In response, Steem witnesses implemented Soft Fork 22.2 to freeze Justin Sun’s stake.
In retaliation, Justin Sun used his influence and support from major exchanges like Binance, Huobi, and Poloniex to implement Hard Fork 22.5, which confiscated the stakes of those who opposed him. As a result, decentralization supporters of Steem created a new blockchain, Hive, and migrated there.
Affected Accounts
Under Hard Fork 22.5, several prominent accounts were blacklisted and had their funds seized. These included:
Proof @theycallmedan
My Open Letter To Justin
This post get many Downvotes
This is the reason why @steemcleaner and @spaminator is now downvoting @the-gorilla
- @aggroed
- @lukestokes.mh
- @yabapmatt
- @therealwolf
- @themarkymark
- @good-karma
- @roelandp
- @netuoso
These accounts were among those who actively supported Steem’s decentralization. However, Justin Sun used his power to freeze their stakes and restrict their accounts.
Creation of the Hive Blockchain
Following Justin Sun’s attempt to centralize Steem, the community launched Hive Blockchain, excluding Steemit Inc. and Justin Sun’s stake. Most decentralization supporters and former Steem users migrated to Hive, ensuring it remained independent.
After Hive’s launch, Steem’s popularity declined, and most influential users moved to the new blockchain.
Outcome
- Justin Sun gained control over Steemit Inc. and the Steem blockchain, but most of the community moved to Hive.
- Affected accounts suffered stake losses and censorship.
- Hive emerged as a successful decentralized blockchain, while Steem’s popularity faded.
- This event became a major example of the battle between decentralization and centralization in crypto.
References for More Information
If you want more information about this, you can read the posts of these accounts.
This conflict serves as an important lesson in crypto history, showing how a community can launch a new blockchain to preserve decentralization and resist corporate control. Today, Hive continues to thrive, while the original Steem community has largely moved on.
What are your thoughts on this controversy? Did you experience any losses during this conflict? Share your views in the comments!
What Was the Final Loss for Steemit?
Steemit suffered a significant loss in terms of community trust and engagement. After the conflict, most of the active users, top stakeholders, developers, and witnesses migrated to Hive, leaving Steemit with a much smaller and less engaged user base. The platform’s reputation was damaged, and it never regained the same level of decentralization or innovation. While Justin Sun retained control over Steemit Inc., the blockchain itself lost its original essence, and its overall popularity and influence in the crypto space declined.
Current Steem Price
20/03/2025
0.14$
Current Hive Price
20/03/2025
0.24504
It is clear that Hive is doing better than Steam, but Steam can also improve itself, we all have to work together on this.
At the same time, I am thinking about running a witness server on Steemit and I am also thinking about creating a YouTube-like website on Steemit's blockchain.
#Trust and invest steemit
What Was the Final Loss for Steemit?
Despite the challenges, Steemit remains a strong and innovative platform that continues to provide opportunities for users to earn rewards through decentralized content creation. While some members moved to Hive, Steemit has maintained its identity and adapted over time, attracting new users and fostering engagement within its community. The platform still offers a unique space for bloggers, investors, and developers, proving its resilience in the ever-evolving blockchain world. Steemit's commitment to decentralization and user empowerment ensures that it remains a valuable and growing ecosystem for crypto enthusiasts worldwide. 🚀