This move by blocktrades is not a bad thing like some people are making it out to be. It's an opportunity to revisit how the DHF has been used.
Just read a post by Blanchy on Valueplan, and I'm feeling a bit gut sick.
This move by blocktrades is not a bad thing like some people are making it out to be. It's an opportunity to revisit how the DHF has been used.
Just read a post by Blanchy on Valueplan, and I'm feeling a bit gut sick.
Would have been great to read some arguments by blocktrades or anyone who doesn't support Inleo's proposal. Haven't come across any such post but would be interested 🙂
Hopefully we'll get one of those famous @khaleelkazi explainer posts. I'm really not aware of this whole thing
TLDR; the hive DHF is now fully centralized. If you want to be funded, you need 35M in community votes AND Blocktrades’ personal 26M vote
If you have the community support, but not Blocktrades, you won’t get any funding
Only 3 projects currently have over 35M in community support: INLEO, Keychain and Ecency
INLEO and Keychain have the community’s backing but not Blocktrades, so we are not funded.
Ecency has both the community and Blocktrades, so they are funded.
I am not speaking out too much about this as I think it needs to come from the community - since I clearly have a horse in this race.
Having 1 person control the DHF is an existential risk to Hive. I think the Hive community should band together and petition Blocktrades to fully abstain from governance voting. As someone who maintains the core chain activities + owns 26M HP, it’s a centralization risk.
This can’t come from me, it must come from the community
Yes the first thing that occurred to me was a dictator situation. Honestly I never knew what blocktrades was. I had just read the name in passing. I was psyched we were pushing forward with funding now I'm not psyched.
Blocktrades is Dan, he runs hive core since the fork from steem
I didn't realize he was Blocktrades. I hope he realizes that we should be funded. I've been here since the fork and never heard of ecency either lol. I don't see a future for hive without InLeo
I thought it was a different dude named Dan and they basically built Steem together funded by Ned? He is actually Larimer?
Well, this certainly seems like an invitation to examine the mechanics of witness voting. For starters, maybe witness proxies could only apply to witness voting, not to Proposal voting. Then there's capping the weight of votes...
It's hard to say what the best path forward is. I've long been in favor of BT abstaining from voting. I think it's ideal for the chain
That's the downside of POS. Something show be done about this. I think capping the vote weight is crucial
Time for Hive to be battle tested again, brings memory back to 2020.
is it a known fact his beef was with Leo?
Well, not sure if it's a beef or anything like that, just no support and would like to know some reasons behind this...
Ahhhhhh yes! So this was a way to basically stop LEO from getting funded, but at the expense of everything else as well.
Hive is owned by Blocktrades. And anyone that thinks otherwise now, is drinking the kool aid.
We must remain stoic my friend... Don't let "bad things" happening to you define your day, your mood, be grateful they happen so that things can be improved.
I applaud the stoic approach to things lol Takes a lot more self control than I have LOL
But you are right, I'm kind of clocked out of Hive, so really dont have a dog in the fight anymore. Nothing I do, will or will not help or hinder things so....Keep on keeping on!
the timing was a dick move. Also I don’t like so much of the chain being controlled by one person. I do think most projects need to treat DHF support as a temporary thing
valid point, but such is the nature of the free market. I see a lot of people upset that few accounts control the resources of our blockchain, but some of these accounts hold a tiny fraction of their earnings still in the wallets.
the more centralized things get the less free the market will be. This push and pull seems to be the basis for most political disagreements. I don’t have an answer but it sure would be nice if we could figure out how to discourage (not disallow) people from trying to own more than 1%. Not sure it’s possible when we have multiple accounts and I don’t think we should sacrifice that either.
Best we can do is create a good culture that values decentralization.
Hence why all ideologies are Horseshoes, yet the people defending them always seem to forget this fact. That being said, there is no such thing as a perfect system either. All we can do is attempt to modify the set of incentives to move the needle in the desirable direction.
I should also say that I'm confident Blocktrades knows the if he was to turn tyrannical, he would effectively be destroying his own investment. Even if he is wrong here, and he could be, I'm sure he believes he's doing the right thing.
I think it's pretty much the worst thing possible.
This is shades of Steem and Justin Sun.
One person dictates what gets funded and what doesnt. I'm sick to my stomach thinking about it all.
Yep, that's why I don't really put any stake here anymore. Everey proof of stake chain I have worked with, either has a user, or as a validator has seen these kind of issues, if not worse. That's why I am building a proof of work farm with what I can earn from here, lol.
can you link the post. I'm not up on this but want to read about it.