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RE: Crypto vs. Community

in #crypto • 4 years ago

What about Hive?

The word "community" is often used, but the context may be different.

For example, when a post is voted on by the community, it is still an action of each individual voting with his or her own stake.

Another example would be blacklists. A person/group manages a blacklist and applications integrate them, automatically applying the policy rules to all their users (users cannot opt-out from this control).

What happens if witnesses start refusing records posted by blacklisted accounts (as it happened on Steem)?

4 years ago in #crypto by
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     4 years ago (edited) 

    Steem/Hive story is a good and useful example here.

    J. Sun did not come with a new product. The product was secondary. He started with "building" (bribing?) a new community.

    Right on the point.

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     4 years ago  

    My hope with Hive is that:

    • The largest HIVE holder controls less then 10% of all the tokens (it took 4 years & a Hive hardfork to achieve this level of decentralization).
    • Hive witnesses collect only 10% of the inflation (DPOS).
    • Different mechanisms for distribution of other portions of the inflation: 10% - DHF (parallel DPOS voting), 15% - compensation to Hive Power holders (automatic), 65% - content creators and curators (proof-of-brain consensus).
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