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RE: ARCHON Governance and Multi-Signature - The key to POB decentralization and governance

Most of the risk in a tribe is the issuing account, for example proofofbrainio. This account cannot have multi sig due to limitations of Hive-Engine and Scotbot.

Using it on PoB-Fund would be a good move, but it only can protect what is put in it, right now it has less than 18K POB, most of the POB is on proofofbrainio (129,000 POB). It also has access to the rest of the 21M unissued tokens as well as the ability to drastically change economics of the tribe and the token.

For me, if I was highly concerned about things, my concerns would be with the proofofbrainio account as that is where most of the risk lies. For this to be effective, most if not all of the stake from proofofbrainio needs to be powered down and put into pob-fund. This account has a massive amount of inflation due to early bird snowballing and 10x voting for 49 days until that voting power was fixed. This stake is promised to be 100% for proposals only. I honestly can't see that much stake ever being used for proposals unless ProofofBrain aggressively starts to onboard outside of Hive. This is a problem every tribe has and even Hive and no one has figured this out or made any real effort in it.

While anything done to decentralize a tribe or any blockchain project is good, I think we talking small potatoes here as it really doesn't fix any of the real concerns. It will help create a more decentralized DAO and that's not a bad thing I just question how much it is really needed and will be used.

Interesting though, all this talk about decentralizing POB more, but at the same time demanding more centralization by creating rules and dictating what people can and can't do with their stake.

Just my $3.58, it was two cents, but inflation is a bitch these days.


Posted via proofofbrain.io

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It doesn't have to fix a problem, it only has to be popular with the crowd.

If the price is any indication of that, it is losing popularity as we watch.