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RE: My HIVE and SPS holdings now reflect my optimism for the future.

in #ngmi2 months ago

Thanks, we are doing great. I feel that DPOS in general is a failed experiment and brings out the absolute worst in people. I think that people end up discovering it and leave out of frustration or boredom, or they remain to only extract. Adoption is nil, a failure of Metcalfe's law-- the network effect is shit. For the tiny number of people who really get drawn in, they fail to bring others for a myriad of reasons. The stake continues to skew toward the top holders, which distorts whatever decentralization that exists. Even when I was the most engaged, I knew in my heart it was sketchy, and I was never willing to shout from the rooftops for people to join me here-- I just kind of waited around for the ecosystem to get its shit together. You could apply the same reasoning to Splinterlands as well. It's all esoteric nonsense that will never achieve any meaningful adoption.

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Both SUI and Cosmos are DPOS. It's the people.

I don't know much about either of those but I'm guessing there isn't a social aspect where people with large stakes swing their dicks around?

Their L1 is not based on social media bs.

And their ecosystem is doing really well.

Thank you for your witness vote!
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Very good. Glad to hear all is well! Life "outside" is definitely considerably uhhh ... "healthier" ... IMHO than "in here." One man's opinion, anyway ...

"I feel that DPOS in general is a failed experiment and brings out the absolute worst in people."

Yep. We are in agreement. And ... What follows is what led to my divestiture. There is no effective remedy. The needed accountability simply does not exist. Exchanges like this one do not personally give me much hope that will ever materialize either.

It is indisputable there are a precious few accounts that could even begin to try to make a difference. And they have shown over and over again that isn't going to happen ...