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Warning: Currently only Blocktrades and Bittrex can be used to sell Steem tokens [correction, now only Blocktrades] by elfspice

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· @elfspice · (edited)
$13.52
Warning: Currently only Blocktrades and Bittrex can be used to sell Steem tokens [correction, now only Blocktrades]
# I just want to make a correction. I just tried to use Bittrex, and it dun werk. Only blocktrades exit from Steem this minute.

<div class="pull-left"><h1> There</h1></div><h3>&nbsp;</h3>is currently only <del>one way</del> two ways I am aware of that you can sell your Steem and SBD for anything else... 

<br />I discovered this while composing this post:

https://steemit.com/dan/@elfspice/dan-larimer-so-insecure-he-has-to-self-vote-to-put-his-posts-that-already-are-getting-enough-votes-to-the-top-of-trending#@elfspice/re-flauwy-re-elfspice-dan-larimer-so-insecure-he-has-to-self-vote-to-put-his-posts-that-already-are-getting-enough-votes-to-the-top-of-trending-20170802t032931893z

Changelly has not been trading Steem or SBD for some time:

![Screenshot from 2017-08-02 06-51-05.png](https://steemitimages.com/DQmTt8DJp7u6GuMRGGSTS7U7YFdvkEUuEvVs9rCd1uAh1vZ/Screenshot%20from%202017-08-02%2006-51-05.png)

Neither has Poloniex, and they had 1235 SP of mine locked up for 19 days, last month, which greatly messed up my plans:

![Screenshot from 2017-08-02 06-44-06.png](https://steemitimages.com/DQmaJ4m9GE5vkHitt9krq1jtuGndgjXm3GYcLpfffrUqXid/Screenshot%20from%202017-08-02%2006-44-06.png)

I was quite alarmed when I thought that Blocktrades might not be working, but obviously the somewhat crappy scripts thtat run the site were just being laggy (or the backend was laggy, in which case there is some cause for alarm).

![Screenshot from 2017-08-02 06-54-52.png](https://steemitimages.com/DQmbE8gvb1XyMSjA386JR1BaxoSVjxygaskFi8Whiegjd1r/Screenshot%20from%202017-08-02%2006-54-52.png)

Bittrex is still working too

![Screenshot from 2017-08-02 06-49-07.png](https://steemitimages.com/DQmdd5KGTr7hwM3uF9v7BsMrLh3EVW8xBP9YTr8oK52g4V9/Screenshot%20from%202017-08-02%2006-49-07.png)

# One day soon, there could be no way to sell your Steem. (at least for a time)

<br />I strongly advise that if you can, to move your Steem holdings elsewhere for a while, to Dash, to Monero, to Zcash, even Ethereum, LTC or BTC, as you may prefer.

There is a serious technical problem coming up that may lead to serious, and possibly long lasting, or, (God forbid) permanent inability to sell Steem based tokens. I have been warning about this since November last year. People just thought I was being melodramatic. **Look where we are now.**

It is my opinion, that probably something will be done very soon. A lot of people have a lot at stake here, and it's really just a matter of fixing the technical problem. 

## Unfortunately, I suspect the fix is going to be a resetting of the chain, with a migration of accounts and current balances.

It could take a few weeks to organise this, *if* anyone is indeed organising this.

I also would not count on it being Steemit, Inc. that will take this drastic step.

Be careful out there. The Crypto universe is full of rats.

But, though there is cause for concern, I admonish you follow the instructions on the Hitchhikers Guide to the Galaxy:

# Don't Panic

<br />Just take reasonable steps to protect yourself. As I say, there is too many people with too much at stake (over 200 million bux worth of stake) for this to just evaporate into a puff of smoke. ***But it might be a rocky ride to resolution.***

> Note that it was due to my knowledge of the technical issue that is looming and threatening to potentially disrupt this system, that when I found myself with a lot of value from my Steem, that I spent a lot of money on getting a pair of mining rigs, so that I would have ongoing income.
> 
> It has turned out to be a very wise move, as I now am not forced into a situation to chase a job working for a company with a bad management culture in an outsourcing operator here in Sofia. Yes, I could just walk into a regular job here, with my combination of technical skills, excellent english and adequate bulgarian. But I would prefer to be working for the community, and this work means building a better Steem Engine. So to speak. 
> 
> Even as I contemplate implementation using SporeDB, a work-in-progress BFT database platform, I am also aware that if the platform is outrageously successful, it will need to have a scaling strategy baked in from an early stage, to avoid this kind of problem from technical issues with the database system. So, it will be a high priority, once DIV goes online, to ensure there is a means to shard the database and break apart the load so that it can cope with extreme high loading, ultimately, we want it to be able to keep up with a workload like Facebook. 
> 
> This is unprecedented in open, self-governing distributed database systems, which are still even only just at the stage of using the unscalable blockchain metaphor and as of Steem, only starting to explore how to cope with mass adoption without centralisation.

Make no mistake, I am not ringing alarm bells because I like to be alarming. It is epically cool that a blockchain system has been adapted to support a forum. Once you join Steem, you don't ever want to go back to Facebook or Twitter or Reddit, or any of the millions of little islands in the net. You want one, universal, distributed platform, forever and ever, amen.
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vote details (452)
@andybets ·
$0.43
Nice! Yes, convertibility seems to hang on those three exchanges.

30 mins ago @exyle said Steem was also disabled on Bittrex:
https://steemit.com/life/@exyle/vlog-67-steemfat-diet-and-gym-bitcoin-cash-and-steem-withdrawals-and-deposits-disabled-on-poloniex-and-bittrex

There seem to be some battles going on at the top  of the pyramid. Interesting times!
👍  ,
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@intelliguy ·
$0.19
>Don't Panic

Agreed. If there is one thing I've ever learned in the last 4 years of trading crypto is to never panic.  Just adjust.  Good advice.
👍  
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@elfspice · (edited)
I just wanted people to not blindly assume all is well, when it most definitely is not. There is a fight brewing amongst the premined whale stake account holders, it's been going on for quite some time and is coming up to a really big head now, which is about to burst all in our faces...

The final fruit of the premined securities of Steem fraud, is upon us. The only sane response is to reset the chain, migrate all accounts but no tokens or contracts mined before the launch of steemit.com, and set a 5% fixed reward payout weekly to steemit, inc to fund their development properly.

Mark my words, if Ned doesn't do it, someone else will do it, and take Steem away from Steemit. 

### It's really not that hard, you just have to be patient to wait the 3-4 days it takes to replay an RPC node, to generate the new genesis blocks (to migrate all the accounts and balances).

<br /> and of course, tell the witnesses they may attempt to get elected onto the new chain.
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@intelliguy · (edited)
$0.40
People are not that organized.  I'd bet on that.

To qualify that.. this is not the world we should be living in... but we are...
👍  ,
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@kenny-crane ·
$0.29
I've been happy trading steem and SBD on TradeQwik for many months now.  Currently you have to go through VIVA as an intermediary but it still works fine.  I'm glad I chose Bittrex over Poloniex a year ago, and its a shame they are messing up so bad.  It could be an issue if Steem/SBD have less exchanges to trade on.  And I'll be watching to see what Steem Inc does about the ever increasing memory needs.  Thanks for stating your thoughts on all this!
👍  
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@paradise-found ·
You have very interesting topics and seeming inside knowledge.  I'm interested in your posts, to say the least.  Thank you my friend.
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@elfspice · (edited)
It's not inside knowledge, it's deduction from evidence anyone can find. The best proof lies in the software itself, of course.
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