Hive has a couple flaws. One is that it is a pure plutocracy. Another is that every user has the power to tax any and every other user restricted only by their stake. This power to tax is called a downvote.
Thanks!
Hive has a couple flaws. One is that it is a pure plutocracy. Another is that every user has the power to tax any and every other user restricted only by their stake. This power to tax is called a downvote.
Thanks!
Yes, for hive to excel it will require that those with (ninjamined) power voluntarily leave it on the table.
Both refraining from daily curations and from dominating the dhf and witness votes.
Is that realistic?
Maybe, maybe not, but unless it happens all we are doing is forcing the old paradigm onto the new.
For hive to lead the way into the new paradigm it requires that power be voluntarily rejected.
I suggest that a 1000mv cap on voting from the pool is a good start.
Being outgunned 1000mv to 1mv is one thing, but orbiting a 20k mv black hole is another.
Especially considering that 1/3 of all the hive is held psuedo-anonymously on exchanges.
Limitations on the effect of stake could also be hard coded, reducing the temptation the well-staked are afflicted by. The advent of oracles and 1a1v could bring to fruition @ned's vision of digital democracy to governance of Hive yet. DV's could be mandatory for spam, scams, and plagiarism, but banned otherwise, although I couldn't code that in a lifetime. Hive could become what it is destined to be, even though it tarries a bit today.
Is it better that the population 'follows the rules' because the rules make them, or because they have respect for the rules as determined by the collective?
Code is law. If the code permits it, it will be done. Thus Hive society is formulated, and eventuates, and we can see the results of the code implemented to date.
But, you know this.
Nothing in the code of life stops us from killing others, yet most people don't.
If you have to be forced to conform to the rules of the community around you, it is unlikely that you will ever fit in with them.
It seems better to me if the folks give up power willingly rather than have to be forced, but each has to decide for themselves.
You know better than most we are in an atypical interregnum between dictatorships of durance vile, and what it will take to advance again the cause of liberty, that alone enables our felicity. Even as it regards Hive, it is inevitable that systems requiring desirable behaviour strongly encourage it.
After all, people could have done everything we do on Hive with fiat, paper and pencil, and stamps.