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RE: The Power in Numbers: How HIVE Blockchain Empowers the Community

in Hive.IO Community6 months ago

I think the topics you mentioned above have good and bad points, and the conflicting sides highlight the need for staked Hive. One can be very loud and vocal, but if their stake is miniscule then they will have to rely on others. With the stake weighted nature of Hive, those who have a large stake have bigger skin the game. They have more to lose, so they support things that they think will be good for them. I do agree that it is good for all to increase their Hive Power, and I don't consider the whales as bullies. They are just doing what they think is best for the assets and the blockchain. If I do not agree with them, then I need to put my money where my mouth is and increase my stake to vote for what I believe is right.

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My post is not about considering whales bullies. My post is about the importance of working together to decentralize decision-making that reflect the will of the many rather than the few.

The bully whale image is a hypothetical situation made as a visual representation of what we can achieve if we work together. If a single user with 1 million Hive Power votes for a self-serving DHF proposal (for example) it only takes 100 hiveans with 10,000 HP to counter that vote.

Large stakeholders are not inherently bad, I'm just pointing out the importance of having stake to make everybody's voice heard.

I agree. Although I will have to say that the will of the many isn't always for the best of all. I've seen this happen in Splinterlands, where there are bot farms that have decimated the economy. A lot of decisions have been made to go around them which ended up hurting the actual players. When a lot of accounts are trying to take advantage of the system, it is the big accounts that can stop them.

Splinterlands is different; Splinterlands is a business run by a team. It's not meant to be run my the many.

The decision to fund the Splinterlands proposal, however, is a decision for the entire HIVE community.

Hive is meant to be run by its community. Anybody who wants to participate, can and should, I might add.