The problem with these vigilantes is that it applies a "Wild West" philosophy of "might makes right". Whether Jerry Banfield should be welcomed back or not is immaterial as long as the powerful hammer of his down voters strikes down his content.
I argued at length that we need to adhere to a set of principles and values and then frown upon "private justice",.militia-style, like what the Marky is doing. But it's probably easier to start herding cats. I miss Justine / @llfarms . She was a voice of reason and had the right analysis. She's not back, alas.
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If you want to reward him, feel free to send him crypto or fiat. No one can stop you from doing that, but he won't earn a dime here as long as I have stake.
I know most people have no spine or ethics or even gives a shit about principles. When someone goes around saying Hive is a scam and it is going to $0, there is no reason they should do so while earning rewards there. I could go into many other reasons as well, but this one is more than enough.
I'm not saying you are wrong about punishing Jerry specifically. Perhaps he deserves to be chased away. I'm just saying that this is not up to today's legal standards of "due process" and resembles the era of the Wild West. There is no independent "Hive Court" in which Jerry to be tried and deemed "non grata". It's basically you who judged him, found him guilty and chased him away. Not exactly a progress when compared with the "outside world".
There is no due process there is no courts, I am using my stake to influence the reward pool in a way I believe is best to the amount my stake allows.
Everyone has the same ability and it is up to them to decide where the inflation should be allocated.
Yes, and that is subpar.
How so?
In terms of governance. Sorry I was so brief, I have some issues with the latest release of Keychain.
"Due process" counts as progress on the evolutionary scale of governance systems. Ideally, when someone does things that others consider bad, there are some systems to prevent conflicts from escalating. There are clear rules of what is considered "good" / not so good / somewhat bad / very bad. A body to assess evidence. An instance where the accused can defend himself. In short, a justice system. But you know all that, if the US is such an advanced country, it's in no small part thanks to its sophisticated legal system.
It's a path of evolution that the Hive community might consider investigating.
You have all that. Rewards is a seven day process decided by the community.
Hey @sorin.cristescu nice to see you around! I remember the old chats we had. You were always the smarter of the two (when I was the other part of that equation). How are things of late? What projects are you up on these days?
Hey, littlescribe! 😊 Thanks for your kind words.
I realised Hive is more than a good blogging platform and P2E infrastructure. It's also an excellent bank. So, I set out to create a tokenized, bankless, local, decentralised human organisation: a non-profit called Offchain Luxembourg a.s.b.l.
That is the question we aim to answer. Instead of a bank account, we use Hive as our bank for collecting membership fees, for instance. We use accounts such as @ocl-trez (treasury) and @ocl-paymaster (current account), publish on @offchain-lux, and have created a HE token called OCLT ... The idea is to test-drive the new European crypto regulation called MiCA. It claims that it supports innovation. So we innovate. "Is the legal framework going to help?"
That sounds simply amazing! What do you mean by "bankless?" What are membership fees for? Do people just buy up OCLT in place of the Euro? MiCA sounds interesting...are you hoping you get permissions to operate like a normative company, or are you hoping for some other kind of support from them as well?
So are you suggesting you are using blocks from HIVE to process your bank transactions, just using a different token? I absolutely LOVE seeing people building on-chain and off-chain offshoots of HIVE-related companies and d'apps. This is where the stuff gets real.
"Bankless" simply means that the association does not have a bank account 🤷♂️
Membership fees are for normal operations. We organize events, there are all sorts of costs, such as for instance we bought a roll-up. We paid for some graphic work and we also need to pay for more IT work for our website. We also have a paid intern, for 4 months. 3 months of her internship were paid by the founders. We hope to be able to pay the fourth month from the membership fees (it appears to be a tall order, we need to enroll another 10-12 members quite rapidly).
The OCLT economy is the interesting part, the idea is to have a weak token that is spent more easily and more freely than the Euro, following Gresham law ("bad money chases away good money").
MiCA is just a law. You can't expect support from a law. Also, we can do anything we need as a non-profit, no plans to become a company. The good thing about MiCA is that you don't need to ask permission, it's the other way around: you notify the authorities "I plan to do that and I comply because this-and-that". If they don't object actively, it means you can do it (so it 's "permission by default unless the authorities actively object").
I didn't get the last part of the question - OffChain Luxembourg has HBD as pivot "money" (OCLT is not widely accepted yet.) So when OffChain Luxembourg gets paid, whatever it gets paid in is converted to HBD (and saved unless there is a need to spend). When OffChain Luxembourg has to pay, someone does the "payment processor" paying in € and OffChain Luxembourg reimburses in HBD.
Don't worry about that part. I'll just do it for you for free! Granted, all you'll get outa me are doodles of stick figures mostly, but it's free. So...you probably shouldn't complain about it.
Sounds like you've got some econ concepts down. This is all very fascinating. When I'm in a place to shill ya better, hit me up! I'll do eet.
Thanks a bunch,I will !
Yes, I was wondering if the "might makes right" philosophy was simply a matter of greediness in itself, or if there was some long term altruism in the utility of it. @themarkymark is commenting on it above. Maybe I'll pick his brain a little. It's been a minute since I've been in the thick of things. I'm coming with a more impartial perspective these days.