All I'm saying is there's another layer of trust needed to entrust others with your witness votes, it's not even the same as delegating HP to a curation account. It's about the security of the blockchain. If these guys are this loud about disagreement of rewards, how easy aren't they going to be bought off to vote in a bad actor's favor? There's someone in this thread literally offering 10k USD to blacklist an account from its stake and before you bring up steemit, azircon has purchased his stake, not promised for years it won't be used in governance voting or to invest it in the future of Hive.
Blocktrades has it in his best interest to keep the chain secure because he has the most skin in the game. You guys want someone with close to no skin in the game to have a major witness vote. It's close to irrelenvat right now at times of "peace", but if another Justin Sun were to appear who happens to only need a few more million Hive witness votes after months of powering up anon accounts before making his move, then everyone will be in jeopardy because 1 or 2 people with close to no skin in the game are most likely to sell out and endanger everyone's stake.
That's why we need more inflation on the chain so Hive is spread out to more people. Hive being around 430 million total right now inwould like to see it be over 1 billion in a few years. The more tokens out there the harder it will be to buy enough to control the chain is how I view it.
@edicted has written about needing more inflation I think months ago.
A Justin Sun will be a problem unless we to go POS in the future. That's why Ethereum will be the king when the switch. To take try and take over POS you will get punished and lose your stake, their security mechanism will be world class and almost impossible to take over.
I don't understand how a difference in amount of coins would change literally anything?
There's over 100m unstaked as far as I know, BT has over half of all staked Hive voting for him, more inflation wouldn't change anything as far as I know. What would is getting people to not hold their coins on exchanges and maybe also enable liquid Hive voting for the traders, but maybe to a lower effect than staked ones as they're supposed to have the risk of having their tokens locked if the put the blockchain in danger. A lot of different scenarios here to take into account but it's way past midnight for me to think clearly and deep about all possibilities and what vectors of attack these changes would open.
Very true. Exchanges ate a huge problem as well