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RE: Proof "Centralized" Decentralization Can Still Be Targeted

in LeoFinance3 years ago

Hive Fixed This

Are you sure?

As mentioned, no single entity has an major share.

There are few people (whales) instead, who basically controls the 80% (maybe more) of the distribution. There are some good whales, who support smaller accounts, but most of them are support other whales.

"Centralized decentralization" can still be targeted.

And this is what Hive actually is. It is centralized around the whales in multiple ways. The most known thing is mentioned above, plus there is the also well known thing called the downvote abuse, and even many of the smaller accounts focus on the whales (trying to catch their attention to get one or more upvotes from them) instead of supporting each other.

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In this recent report you can see the distribution of Hive Power (aka staked Hive) - the whales hold 47%, and all the other users combined hold 53%. You can also see that there are 37 whales. How decentralized or centralized would you consider this kind of distribution?

How decentralized or centralized would you consider this kind of distribution?

Then looks like the whales nowadays hold almost the half of the Hive Power distribution. Considering/taking into account the fact that there are plankton/redfish, minnows, dolphins and orcas, and the majority of the users are belong to the plankton/redfish group, I think that this is very much centralized.

There are few people (whales) instead, who basically controls the 80% (maybe more) of the distribution.

You are allowing your bias to taint your view of things. There is no single entity that has more than 5% of the total.

Yes there are Whales but there are also a number of them. Compare that with Vitalik and the Ethereum foundation which control more than 40% of the distribution.

Or Steemit Incs ninja mined on Steem that accounted for like 30%.

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 3 years ago (edited) Reveal Comment