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RE: Justin Sun made sure that there won't be any Steem proposals approved ever again. What makes you think that he cares about Steem really? - Long live Hive.

in #hive4 years ago

I generally find your philosophical musings agreeable with my own, and both of us are pretty in favor of decentralization. Yet here you illustrate the problem of governance by the Big Man.

We should find a way to limit our ability to become the Big Man, so that governance remains nominally decentralized on Hive, to ensure what happened to Steem doesn't happen to Hive. So far, neither one account nor a group of like-minded account holders, have arisen with sufficient stake and pyromaniacal intent on Hive.

But it's just a matter of time before it happens.

You have an incisive mind, and demonstrable grasp of complex technical interacting mechanisms. How would you combine 1a1v with DPoS to ensure that neither a Big Man nor the mob be able to impose on Hive destructive policies? I suspect the two mechanisms are sufficiently opposed to each other to serve to do so.

I just want to enable society to have the ability to conduct it's affairs going forward in a world that Big Men have deployed mobs to ruin, just as Sun Yuchen has ruined Steem. Hive has a good start on being such a vector for society, but remains vulnerable to money power in exactly the same way Steem was.

Thoughts?

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Base-layer communities can now control their currency directly. If at any time a community is being lorded over by a currency that no longer serves them, they will fork to a new rule-set that does serve them.

The problem with this are the community splits. When projects fork like this it fragments network effect and becomes a step back in a lot of ways. However, as long as that community is generating value and consensus serves them the benefit of that should be far greater than choosing to bow to the previous empire.

More and more opt-in communities will pop up. This creates more and more options, competition, and free-market. Eventually a few good projects will have a lot of people on the network, but their will always be others constantly nipping at their heels. With the legacy economy, the way to stomp competition is to impose regulation and burn all the bridges behind you. With crypto, this is not possible. The permissionless open-source flat-architecture does not allow this level of control. We don't have to do anything. We just have to let it happen.