Solana’s network capabilities with a tight-knit group of team run consensus validators holding the vast majority of SOL supply in circulation, is the perfect example of this.
This sums it up entirely. There is no way to proclaim something decentralized when a select handful of founders control the entire network. Not much different than Tron or a host of other platforms out there.
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You know what's funny? Tron is used for USDT transactions and it's cheaper than Ethereum. Not a fan of Tron, but will have to give it credit on this one.
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But you may as well just send US dollars using a bank...
There is literally zero benefit to using a centralised blockchain like TRON.
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Tron is mostly a ripoff of EOS. You can transact BTC on EOS for free in 0.5 seconds (like you trade HIVE-Engine Tokens). Tron is not even leading the pack. But we do have to admit when its doing better than most.
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This is exactly what the SEC is targeting right now.
The only way to stay our of their sights and win long term is to be a TRUE decentralized project.
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I have no doubt the US is going to eventually wake up and realise that they need crypto more than crypto needs them and regulate smarter.
To be fair when it comes to the SEC, the US and their regulator are not the key to the entire global crypto industry.
Sure they're a large part... But so was China before their authoritarian government decided they needed to shift Bitcoin miners out.
That network and the industry has only gone from strength to strength since.
Do you see Hive being one such example of a truly decentralised project?
I'm interested in hearing your thoughts.
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I actually feel the US will fight crypto until the very end just like China is doing.
I feel US citizens will be left behind in the new age that is coming.
If you have read the 4th turn and understand turns (in relation to history of the world) this next turn will the US behind.
As far as Hive being truly decentralized, I would have to side with more decentralized than most.
I also feel this question would have to relate to the exact way you interact with the chain.
I still have some issues on top 20 witnesses and 30 votes but this topic has been discussed many many times.
I feel the real future of cyrpto/blockchains and the world is building the IBC protocol out so all blockchains can talk to each other.
This will allow for smaller more focused chains and for decentralization across the new 3.0 internet that is entirely built on blockchains.
Well said. You cannot trust SEC to do the right things to make our lives better.
!PIZZA
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The difference between Solana and Hive being that here, the witnesses are elected via a stake based voting system.
But as no single account holds more than 2% of the total HIVE supply (can someone confirm this number?), our distribution and therefore voting, is extremely decentralised.
Add in the fact we are adding vote decay to our stake based witness voting and you can see Hive's governance model is far superior from a decentralisation point of view.
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