One wrinkle is even with a staff behind them, it’s still partly a popularity contest so other than “to use our app you must vote us as witness” they’ll not get a top 20 spot just through investing in a team. They could however get there with bribery or coercion, or just by buying out someone who already has a top spot. Hive partly exists through such shenanigans happening on the previous platform …
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Hm yeah but what happens when your a company with like 10M Hive and you're bringing massive value to the network? There's legit no way for that to be a thing without that entity being a top 20 witness. That's a very easy way to win the "popularity contest". It turns out that mooning the token price is a pretty popular thing to do.
Interesting that Aggroed, who runs by far the most successful project on Hive (Splinterlands accounting for 90+% of all Hive activity, and 99% of active users) can't make it to the top 20, because he's not supported by the whales.
Heh, "interesting".
You know as well as I do that if Aggroed was a woke lefty he'd probably be in the top five. But at the same time there are very big problems with HE. It's very centralized and the 1% entry/exit fee creates a lot of friction.
When he personally asked for my vote and was campaigning a bit at rank 21 he made it into the top 20 with relative ease for a while. His rank has been very on again off again, likely because of the Qanon adjacent politics. Still, he brings a lot of value to Hive and I think it's fair to say that all groups should have some kind of representation here.
Ah look at that it was basically a year ago Feb 10, 2021.
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