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RE: The broken downvote system

in #downvotes3 years ago

I had the same experience with that crew. I think the problem lies with the characters you mentioned controlling those accounts, not the voting system itself. I don't think it is even their stake, it was probably inherited from the ninja mine.

The root cause of this unnecessary friction is a backwards economic philosophy amongst some big stakeholders who think the best way to pump the price of this token is to kill inflation and focus on whale accounts accumulating. This strategy is antithetical to the founding principles and it's likely to fail as it will also decrease trading volume and limit distribution, which two key factors for determining value in cryptocurrency.

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Yeah... I totally get the controversy around, and (at first glance) sketchy looking vibe of @playdice, which is why over the last 3 years I've always been willing to play open cards with anyone that has a problem and more often than not we walk away as friends (even if that parting means they didn't want @playdice showing up in their tribe)... but if HW want to play judge & executioner, they should be willing to play the jury too - it's their arrogance that got me all up in arms now.

I totally agree with you that more redfish becoming minnows and minnows becoming dolphins would be much better for the entire chain. I'm no economist, but more liquidity can only give rise to more activity and demand for $HIVE
... but I can also understand (but don't agree) the point of the whales trying to protect what they've earned (regardless of the means) and invested... but the way in which they're doing it with the heavy-handed downvotes on the small accounts is very toxic.

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@braaiboy, sorry. :(

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