What a fantastic post for those who are searching for the answer to the question: "WHY HIVE?"! Love it!
Regarding decentralization, even our "legacy chain" wasn't decentralized enough, but it was slowly moving in the right direction... I always point out that the "takeover" happened in the last moments of SteemitInc having the majority of the tokens... A few weeks/months later, JS wouldn't be able to take it over...
At the moment, every single day that passes, more power is going to the hands of "smaller accounts"... As I can see, the "bravest" for accumulation in these moments are Orcas and Dolphins, which is nice to see... It gives hope for better decentralization in the future... We need that HIVE middle class to grow!
And in the spirit of meandering hivians thoughts… This Wednesday at 8pm UTC a few of us are starting a weekly chat on the Hive Discord to discuss all things hive and crypto.
I'm not sure that I have found the right Discord server as there are more "official HIVE servers" 😂... Can you point out the link to the Discord event post? For example, on the same day, I will be running my #HHHLive show in the Ecency Discord server, 3 hours before yours... You are welcome to come and discuss our topic for tomorrow, which is HIVE Delegations! Check out the event link https://discord.gg/QajWFg7J?event=1303397263359344722
I will try to join the Crypto and Cola event, if I manage to find it! See you! :)
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Interesting, I wasn’t aware of that steem story? So you are saying they needed to sell to Justin Sun before they lost control of the ninja mine?
I hope you are right about hive middle class.
I do think a strong middle is essential to hives future.
Thanks for the invite… I’m going to try to come to your chat tonight.
I’ll also track down a proper link to the crypto and cola chat
Well, this is more my theory about it... As the SteemitInc stake was X tokens, they didn't upvote posts or create new posts (nor have a witness node), which means that didn't get any token rewards... While all the rest of "us" did have some (or all those income sources), and "we" were accumulating more tokens, SteemitInc's portfolio was stagnating... It's simple math that their % of the total amount of tokens was going down...
I would say that something similar is happening now on HIVE... Whales do have their stakes, but they are curating posts and getting more tokens... On the other side, many of them are selling their HBD from DHF proposals, or powering down their witness earnings... Those tokens are sold and go to other hands... So, maybe, there is a chance that we will get a better distribution of tokens over time... But, it can take time...
Please mention me in the channel where you talk, as I'm probably on the Discord server already (I have so many of them, that I get lost sometimes)... 😃
See you later!