While your criticisms of Sun and Steem are on point and factual, your claim Hive is decentralized is false. It is more decentralized than Steem, but ~45% of stake is held by ~a dozen whales. It is they that govern Hive, and that is only an order of magnitude improvement on Steem's extant circumstances.
That is not enough decentralization of governance.
The bare fact is that as long as stake alone is how governance is effected, Hive remains vulnerable to accumulation of stake, which is shown to inevitably occur historically, and Hive will eventually suffer the exact takeover that Steem has.
It's a mathematical certainty.
Additionally, I have long noted your facility with deceptive phrasing, and you reveal that propensity again here. All Steem extant has been mined, except for that produced as rewards, which is the result of inflation of mined stake. Since Hive simply reproduces the stake in Steem, the distribution of stake on Hive is only different than on Steem presently because we have jammed the founder's mined stake into the HPS, and on Steem Sun Yuchen holds it personally.
Currently on Hive ~45% of stake is held by whales, and almost all of that stake was mined exactly as the stake Sun holds now.
I cannot simply ignore your disingenuity that perpetuates the existential threat to Hive that exists right now. If Hive does not modify how governance of the blockchain is effected, it will be taken over by whoever gains enough stake. The month delay in powerup only protected us during the fork from stake held by exchanges, and is not a meaningful mitigation of this vector of threat.
While our present oligarchs have demonstrated they are committed to free speech, the fact of the matter is none of them will live forever, and inevitably the stake they possess and manage according to their preference for censorship resistance will eventually be used to influence Hive governance by others according to their views.
Sooner or later, unless we change how we elect witnesses, Hive will fall to exactly the 51% attack that has successfully taken over Steem.
Edit: I here invite both @smooth and @pal to justify their flags with statements that support their apparent disagreement with this statement. Do not appear to be cowards afraid of flags. Have the courage of your convictions, as I have. If you have no case, your flags are indictments of your corruption by the oligarchy.
I will immediately withdraw my vote for @smooth's witness, as I had not thought him either corrupt or a coward until now. In neither case can I support his witness any longer. I suggest all those voting for it consider this flag, and his reply to this post - or lack of it.
I hear this criticisms of economic systems all the time.
"Those with all the money make the rules!”
This is true. Do you have a better suggestion? If so, what is it?
Read Nassim Taleb’s book Skin in the Game to understand why every system that doesn’t reward those with skin in the game and give them influence over future outcomes ultimately fails. Every time.
It’s very easy to critique, but much more difficult to provide actual solutions which have been proven to work. If you’re suggesting all the value of Hive should be gambled on a untested idea, good luck finding support for that. Some people, like me, made significant investments into HIVE (~9 BTC back when it was still called STEEM and trading around $2 and $3 before crashing to $0.07). I have skin in the game. It’s part of the reason I’ve been around here for almost four years. Do you think anyone and everyone should have the same influence over governance regardless of their investment? If so, how do you propose actually coding that into a blockchain consensus rule set which will be more robust than what we have now?
I’d like to see Hive be more about solutions than complaints. It’s way to get support when pointing out things could be better. It’s much, much more difficult to get support for a solution.
^this^ 100%.
YEP!^ ^
I agree, our governance model needs to be tweaked if not changed!
If something besides mere money isn't part of influence on governance, then money enough will be all it takes to take over Hive, and there's plenty of censors with more money than enough.
I unvoted them all. My vote never mattered ever, only what I know matters.
I do not fail to sympathize completely. I know I am going to die. I still seek to live.
I have sought instead of not voting to vote for individuals I have personal knowledge and experience interacting with, or folks I haven't heard bad things about. I also seek to vote for folks not in the consensus, as this financially matters to them, while making no difference at all to those in the top 20.
Yep pretty much meaningless in the larger scheme of things
+1
This exactly ^^
Can you please back your 45% claim up with proofs?
@arcange publishes daily stats regarding Hive, just as he long has regarding Steem.
The above is taken from his post today.
OK EVERyONE LOOK here ^
there is one less whale
your finger must smell really good
Perhaps I should point out my avatar is not actually a pic of me, but of some poor New Guinea native amusing colonialists, presumably at some point in the 19th or 20th Century.
I relate to the look in his eye.
that makes sense, my avatar is actually not me either, believe it or not
Oh hey DF, looks like we agree on two things.
Should also mention how our present miner oligarchs decided to leave out over 4 million worth of steem from the hive "air drop" further securing their own positions.
We will agree on all things on which you intend to be reasonable. At least once you are cured of your bestiality obsession.
Perhaps you could explain why you want 4M free Hive tokens to undermine Hive governance as your ilk undertook on Steem?
Hey man, you're the one who hints at it all throughout your blog.
If by "undermine steem governance" you mean not being 100% ok with a drastic step (call it a pre-emptive strike if you must) taken by the witnesses without community discussion then I think it is healthy to have differing viewpoints in a democracy.
Acting to support totalitarian tyranny is not democracy.
Stop lying and I'll stop flagging.
Preventing a totalitarian tyrant from hard forking the chain is not supporting them. Supporting them wluld have been letting them do what ever they want.
Don't know what you think I'm lying about DF, but you can give me as many of those little flags as you like.
Tell me how ya'll prevented that tyranny.
You're a liar, lying.
Voting both sides was extortion, and ya'll got a proper discussion of the issues long prior to the HF. I myself undertook it.
I told ya'll then what would happen, and it happened.
Bitch all you want. Lying now doesn't change anything.
I didn't prevent anything, but I already told you how they did. They voted in enough community witnesses to keep Sun from hard forking.
Except no demands were made. They had requests for what they would like to see in a witness they voted for, and the vast majority of the community witnesses they voted for answered negatively to those requests.
And you know that your the liar here so you will just use your "shill tactics" and continue shurgging off the burden of proof.
But go ahead and prove me wrong.