@theycallmedan Sr. I just love to know how hive blockchain is more secure, what if anyone else tries again to do with current hive blockchain what Justin sun and Ned Scott did with steem and steemit how we can make sure it will not happend again, because it's very painful and time consuming to rebrand everything again due to hard fork
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There is no premine on Hive. They would need to buy up 51%+ of all voting tokens. If they did that, we would react as we did with Steem and powerup/vote more. We are close to the "checkmate" scenario of having enough voting that no one entity could get enough to take over the chain. Today they would need help of the exchanges, but with the 1 monthly delay on voting in governance, we would see that attack from a mile away and prevent it. Anything is possible, but the game theory is very tight here, and in practice, we showed what is possible vs. a premine; imagine what we could do without that attack vector.
So Hive is pretty much safe? How long until it's 100% safe?
Funds are safu. But no one can say anything is 100% safe, doesn't exist anywhere, but you can strive to make things as secure as possible.
Yeah... I think it would cost an attacker a MASSIVE amount of money to make a dent though? I hope Hive will stay around long enough to be a permanent home!
You are right, 100% nothing is safe, if it is fine in a moment, then no one has any idea what will happen in the next moment, like a person leaves the world in front of us in a moment. Never have 100% confidence in anything in life.
@theycallmedan Sr. I really thank full to you, your words really helped me to understand what can be happend and how hive blockchain community can react on it
You have a lot of information and experience about hive blockchain as compared to me, because I am just a normal hive blockchain user, I just love to use and promote hive blockchain, I am not a blockchain developer and a technical person
One thing I want to know more from your reply, how exchanges get hive tokens? I mean what are the resources these exchanges use to get liquid hive coins, as you mentioned there is no premine hive available, is it possible for exchanges to have more then 51 total supply of Hive tokens , I mean how and from where they can able to get or purchase that much supply of Hive coin?
I wish it become almost impossible or very difficult to to control and take over hive blockchain because it's need a alot of time and effort to develop a brand but when we need to rebrand everything due to hard fork it's very frustrating to see
Thanks again for your support and encouragement
@zaibkang
Hi, exchanges can only get Hive tokens when people decide to sell them. So the best thing is to trt to lock up as much as possible in good hands.
It means there is only one way for exchanges to buy hive coin and that is from individual users who hold and earn hive already I think that's great because if hive blockchain users not sell to these centralized exchanges or use dex decentralized exchange they are not able to get 51% supply of Hive coins
Exactly, people can't buy what isn't for sale :)