The governance on Hive is run by 2 or 3 whales, with few exceptions. I vote and speak my mind, but I also recognize it has little to no impact.
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The governance on Hive is run by 2 or 3 whales, with few exceptions. I vote and speak my mind, but I also recognize it has little to no impact.
Whales have massive influence because most of the HP holders don't participate. On proposals we have 26% participation and 46% on witnesses based on the most voted one. There is a massive amount of HP not voting that could change the entire ranking.
They have to use the platform to use it and most don't anymore, so getting more participation is unlikely. Also, 46% participating in anything is actually pretty good if you compare to average participation in government elections around the world. The average human is quite complacent on most things.
Top 25 accounts are holding 42% of the all existing HP.
Is that the same participation you are referring to? Human participation is not the same as stake participation in terms of numbers and you can't compare them.
46% is low when you consider 25 accounts have 42%. I didn't check but we could probably fit 46% in the top 50.
Also, not all of these users are unique. Some have multiple accounts.
Sounds about right, so all the numbers we to know are almost untraceable?