STEEM is down from the highs of pre-hard fork levels. But we are still trading above the $0.15 - $0.17 we were trading at for a long while. As part of the gloriously failed asset forfeiture that has not been fully resolved yet, we had another bonus update. The powerdowns are 4 weeks instead of 13. That is almost a 70% reduction in the staking time.

Things to Consider

• The trust in Steemit Inc is further eroded
• Incompetance of Steemit Inc has been further highlighted
• STEEM as a blockchain has become quasi decentralized (we still have few independent witnesses
• Even if Bittrex send the STEEM back to owner accounts, Steemit has enough influence to seize the funds again or at least blacklist those accounts
• @steemmonsters @splinterlands is making the switch to HIVE
• The Tx volume of STEEM is falling behind
• The infrastructure has been much worse than HIVE in terms of user experience (although not by a huge margin)
• The claim for being censorship resistant is now lost on STEEM
• STEEM only has 1 RPC node compared to 4 from HIVE (soruce: Keychain extension)
• The powerdowns are going to be massive
• Bittrex might have to sell STEEM for HIVE to give the funds back to the rightful owners (this is a purely hypothetical scenario)

Current Trading Volume

---

I Will Powerdown ASAP (52.63%) 10 / 19 I Will Wait And Take It Slow (36.84%) 7 / 19 I Will HODL STEEM (10.53%) 2 / 19