Because one of the big problems with the DHF is that it controls the ninjamine... which should have been destroyed but instead is now controlled by a couple of key accounts.
So true, Brother. Even more than Dan's bail out, the fork exemplified to me that PoS was a failed governance which had no fix. It seems that ETH is , now, learning that same lesson the hard way.
We forked all that Korean stake to @null because it was seen as an attack on our consensus...
It had to be one of the most immoral forks in the history of crypto and that's saying something.
Dumping all mined tokens would steal from many of the stakes that today govern Hive by voting those tokens for witnesses. Not only the DHF was mined when Steem was created in 2016, and mined tokens continue to control Hive governance today. The DHF does not vote, so it isn't accurate to call it 'the ninjamine'. It is the majority of mined tokens, or was before it began to be spent down, but it is not all of them.
It hasn't failed we just haven't seen a fair-launch yet that actually makes sense.
And in many ways it doesn't matter if governance has failed because most of the things you can do on the network are permissionless anyway. We haven't had a real feet to the fire moment since 2020 and perhaps we are due for another shakeup one of these days (hopefully with a more favorable outcome).
Nothing done on the internet is permissionless. Every transmission of data is permitted by the owners of that physical network infrastructure on which the internet, and Hive, ride.
That's not really relevant within the current framework of this thread.
The context here is, "Do we have to worry about someone on Hive requiring permission to post data to the chain?" The answer is unilaterally no. I'm pretty unconvinced someone outside the network would have a better shot at it if I'm being honest. But again that's off-topic.
There is a clause in many contracts that states that failure to enforce any of the rights does not guarantee those rights will not be enforced in the future. Hive exists because permissions are being granted unilaterally. That's no guarantee.
But, you're right. There's no point in worrying. Either it's worth doing something about, in which case taking action, not worrying about the risk, is the thing to do, or it's not, in which case one should enjoy the permission that has been granted.
Very true. There may be a fix yet to be found. As a Utility token, HIVE, is fantastic. As a place to house you wealth? Nah. :)
This may age very poorly this year :D
A bigger problem with Hive is that it pumps x30 on bull rallies and nobody sells because they want an x100 lol
Personally I have plans to stack BTC harder so I can get more Hive stake.
This has been one of my best strategies in the long run.
All I have to do is sell Hive back into BTC when it spikes x10 against it.
Of course not everyone can successfully volatility trade I'm only just now confident in my abilities.
That seems like a sound strategy. That was a sweet pump recently.