VC money (https://en.wikipedia.org/wiki/Venture_capital)
We usually hear, regarding decentralization, web3, socialfi and Blockchains in general, the argument "It's VC, they have VC money, VC this VC that".
In Hive, not saying all, but some, even say "We are the best, no VC at all!"
Honest question
What's the difference between having VC money or having a DAO (Hive DHF) filled with ninja minded money (old ninja minded Steem airdropped by code) that can be controlled by only 3 stakeholders alone (33M HP)?
Are there really that many differences?
Good point. The decentralization aspect of Hive is in fact partly a PR myth. But at least better than in most other projects.
In practice I don't know where are the big differences..
HBD in the DAO cant be powered up to vote, so its very different.
In practice it can, after transferred to projects. It can even be a source of passive income. But I understand your point 👍
I think I'll stay stuck here for several days to see what @starkerz responds and if he dares to say something in his defense.
Have you seen evidence of DAO funds being powered up to vote with instead of having been used for their intended purpose?
Of course not. HBD in the DAO indeed can't be powered up to vote. But as @doze has already assured, I've also seen how these HBD are, has been and are being transferred to "projects" and also converted into Hive to distribute them between the opulents & their parasites to then upvote only among them and to downvote to all those who they don't want they say the things as really are and is not convenient for them that anyone knows.
Yeah! I've already seen many times before what their intended purposes have been.