I think the only problem with choosing a fixed position. All
dPoS or all decentralization, is that it breaks the thing. I'd
have to put some more thought into it. If we disregard the
stake entirely, it's less marketable as crypto. Hmm, I dunno.
It's such a weird and novel system, blockchain in general.
When you slap the social media aspect onto it, look out!
You are viewing a single comment's thread from:
Things get broken if they're susceptible to hazards. It's why I have a job: people make stuff all the time that susceptible to hazards like rot, storms, and being run into by trucks. I fix stuff all the time that's succumbed to such hazards, and I reckon there isn't anything people make that doesn't need fixing from time to time.
Stuff that breaks and can't be fixed so it's better than it was before probably should just be replaced anyway. Sometimes conditions change, and stuff that was well made for previous conditions no longer is well able to perform in the new circumstances, and then it needs to be replaced with something that does meet exigent needs. I do that work too.
Conditions are changing. Blockchain is one of the new things that are being made to replace old things that used to work, like banks. Blockchains that can't replace banks won't meet the new needs we have, because banks are hopelessly broken, and need replacing.
Hive enables a new social paradigm. It's potentially far more than just social media, and far more than just a cryptocurrency. While the governance model is currently extremely weak and vulnerable to financial manipulation (as Steem shows) the combination of social intercourse and economic functionality makes possible a new kind of government than has ever existed in history: completely voluntary, non-geographical government that cannot oppress it's people (other than through censorship, which is, again, as Steem now reveals, one of it's worst vulnerabilities)
Half the people of the world are presently under house arrest. Massive flows of money freshly conjured by national banks out of thin air are being delivered to investors across the planet, while the responsibility to repay that flow is being illegally levied on national citizens, and draconian impositions of police state oppressions, eradication of human rights, and extreme surveillance are being committed by tyrannies globally.
While the oldest form of government in the world, tyanny, is being imposed on the global population as a whole, Hive has the potential to deliver real freedom and economic security to that population. What is standing in the way of Hive meeting that need, of doing something Fakebook, Goolag, and Twatter could never do on their centralized platforms, is the legacy worldview of the oligarchy of ninjaminers that run Hive so they can profit financially. That is what makes Hive vulnerable to the Sybil attack that has destroyed Steem, that made Hive necessary to preserve the financial productivity Steem used to have to that oligarchy in this fork of Steem, and is keeping billions of people from becoming citizens of this new form of government that will replace barbarism.
Hive may not be able to break free of the oligarchy that keeps it hostage to their wallets, and that will be what breaks it, not being too decentralized. I am confident that the need for that new form of governance is palpably real to millions of people in the world today, and millions more need it but don't know it yet, because their financial ruin is still in progress as the banksters destroy the global economy, and they haven't begun to watch their children starve because of it yet.
But they will jump on that form of government when it is available and they realize the old ways are broken. Should Hive break instead of break free, lots of developers are ready, willing, and able to make a new blockchain, or hashgraph, or better platform that won't break the same way.
That voluntary government is necessary to the people of the world today, and the barbarism breaking all around us due to the exact financial Sybil attack that took down Steem is why. The old way of tyranny and oppression, centralization and parasitism by banksters is busted, broken and beaten by blockchain. Hive may be too controlled by that legacy financial mechanism to meet the need people have, and that is sad. The world will not simply fail to meet that need if Hive fails though, because people will meet their need anyway.
I gather from this that you're against dPoS entirely, and that's a perfectly valid idea. The only problem with it is that the system is set up in such a way to incentivize people to buy the token. People seek some sort of empowerment, and in the world of dPoS, the stake is that power.
So outside of having a platform that can resist centralization and censorship, I'm not sure if that alone is enough to trigger people to buy tokens if they can't get extra influence over the distribution of network rewards.
If people are less inclined to buy the tokens for that reason, then people who mine/witness might be less inclined to run that software if the token demand doesn't meet a certain threshold. Specifically, one that gives the token, a sufficient enough value to bother with absorbing the expense of running the nodes and producing blocks.
I'm not at all against DPoS, except that pure DPoS is nothing more than plutocracy. The society we all are part of is far more than it's economy. The governance of that society needs to reflect that, and presently governance of Hive does not.
That DPoS can never long resist censorship, because, as I pointed out, more money is being spent to censor folks today than the market caps of all cryptos combined. Steem was a fairly small platform, but they came for it, and Hive is the offspring of that assault, to which Steem succumbed.
They're coming for Hive. All they need to get it is more money than the oligarchs have, or even just enough to make them nominal offers. Just because it can resist censorship doesn't mean it will. Any platform can resist censorship. Few do. Steem doesn't.
As they conjure more and more money out of thin air, that money becomes worth less and less. As folks make more and better stuff for themselves,they need money less and less to do so. We're headed for a post-market economy, in which values besides economic will be generally far more highly valued than money. It's best to get in front of that trend, particularly on Hive, because big money is coming for it,and Hive is completely vulnerable to stake.
That's all it takes to take Hive over. Nothing more valuable than money is necessary, and free speech is far more valuable than money. Our lives and freedom completely and utterly depend on the ability of folks to reveal factual information to us. That's why the censors are coming: to reveal our soft white underbellies, so that we can't resist whatever they want to do.
It won't be to make us money that has value.