I enjoyed reading that as always and got a different perspective from you to consider as always, but the key security issue I feel is a red herring that worries a lot of people but it shouldn't, it should merely be a consideration.
I could lose any security credentials to any financial instrument I own and lose everything instantly so I'm not sure why Hive insists on being different unless there is a lack of confidence in the system.
The problem with being 'put off' is that 'the masses' are always being put off, and if the objective of DPOS is simply that the more wealth = more power then Crypto is screwed as it offers ZERO governance difference to the existing model. All that happens here is that most of the big stakeholders use DPOS to do whats right to protect that stake.
As for the price of Hive, don't care about it as much as I do about the flexibility of shorter power down times. Its much more about ME having control over MY funds that is the crux of the matter.
Anyway, we carry on...
Best wishes fella and thanks for another thought-provoking post :-)
There are some huge differences.
When billionaires acquire more wealth and build value, what happens?
The central banks get rich because they control the underlying currency.
When Hive whales stack as much as possible what happens?
Everyone gets rich because everyone has ownership of the network.
An even bigger differnce to consider is that crypto is digital and opt in.
Therefore if Hive becomes corrupt anyone can break away and create a better model.
This is also impossible in the land of the free, home of the brave.
Digital landscape is infinite, while physical borders are not.
And yet even another thing to consider after that is corruption means token selling.
When whales exploit the system for personal gain they are dumping coins on the market.
This is an automatic checks & balances system where corrupt individuals lose influence over time.
Our methods of decentralization are working even better than the top chains.
This is why I like you! You give me new perspectives and things to think about all the time. I will go back under my rock and digest. Thank you :-)
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