Upvotes/downvotes by users/stakeholders is the consensus. Hivewatchers don't own this blockchain. They need to realize that they are wrong sometimes too. If not, oh well.
You are viewing a single comment's thread from:
Upvotes/downvotes by users/stakeholders is the consensus. Hivewatchers don't own this blockchain. They need to realize that they are wrong sometimes too. If not, oh well.
Yeah, but the uovotes/downvotes are weighted by HP.
What if it was simply one person 1 vote?
The HP holders could be rewarded another way for locking in
It is a stakes based protocol. The rewards pool comes from the inflation on the total Hive supply and inflation dilutes the value of Hive. That's why it makes sense that stakeholders influence the distribution of the rewards.
1 person 1 vote probably wouldn't work because it can easily be gamed/abused. One person can easily control hundreds of accounts.
Just because it is a DPOS protocol and higher HP gives higher influence, doesn't mean lower HP users don't have a say. It is a social network, and it is in stakeholders' best interest to align with the overall users/community sentiment and consensus and what is best for better user experience.