The Hive community praises itself for resisting Justin Sun's hostile takeover by forking the Steem blockchain. But this path was difficult and was only possible thanks to the unusual unity of the witnesses and sufficient technical expertise (most of blockchain-level developers were working at Steemit at the time).
We were lucky and HIVE was listed on many crypto exchanges. Next time we might not be so lucky.
The "reset button" is often the only effective weapon in the fight against cold-blooded, deep-pocketed sharks that despise personal sovereignty, freedom and liberty.
It is essential that the reset button be in the toolbox of every application and community builder on Hive. I'm talking about base layer tokens - SMTs with Automatic Market Makers (DeFi) that would not only allow for experimenting with consensus rules, but also ensure that the community can switch to a new token when there is an urgent need to restore fairness.
Now that HIVE is traded on many exchanges, DeFi on the Hive would ensure instant decentralized convertibility of SMTs and resistance to government regulation.
@dan, since you were a key player in the original team and with your vast EOSIO experience, what do you think should be the development priorities for Hive?
To be honest, I have a lot of catching up to do before I would feel comfortable suggesting priorities. I’m grateful for a community motivated by its own priorities and not waiting on me to solve everything.
@dan,
That mean you still have an idea to work with HIVE. Interesting, and I think we need that experience to go for Moon.
!wine
Cheers~
Read dan larimer wikipedia it says he is worrh estimated $600M and that was before btc pump. Hah he may be worrh 1 billion today and he has a lot of bitcoin
Could you inagine $100 Hive ? I can . Steem went over 8 do yeah....
@ackza,
If he wish to support the true decentralized community we could hope $100 HIVE
Cheers~
Cheers, @theguruasia You Successfully Shared 0.100 WINE With @dan.
You Earned 0.100 WINE As Curation Reward.
You Utilized 2/3 Successful Calls.
WINE Current Market Price : 0.000 HIVE
Wow dans probably got so many questions about https://hive-engine.com @aggroed @eonwarped @holger50 @someguy123 @citimillz @empato365
Heres the short and skinny... we got a lot of wprk to do on mobile wallets. Desktop wallets and supporting existing @dapplr app .... we need to bring your high energy eosio team mates from telos and syed grom https://bloks.io to add HIVE to his eosio block explorer then get hive steem and golos on https://ptokens.io @pnetworkdefi they need you to buy a node for 30k each they are part or bitfinex and block one gang so im sure they will gladky add PSTEEM PBTS PGOLOS and PHIVE to EOS telos and erc20 for uniswap
I have the green print . I have the green papers. We just need to add the @hellotelos https://t.me/hellotelos
Justin Sun was powerless until he colluded with exchanges. Hive has no ninja-mine; the largest holder has 3%. It takes roughly 30%+ to take out the top witnesses now. I don't even think you can buy 30% of the liquid Hive in existence if you wanted to. If someone tried to attack, it would make us all very rich; if they were successful, we would be so rich that we could easily have resources to fork again, dump the token the attacker is buying and getting a free airdropped token like last time. Many Hivers doubled their net worth during the hostile takeover, selling their Steem and keeping their Hive for free. Without the ninja-mine, such an attack (with the one-month delay in voting on a gov on a newly powered-up stake) would be nearly impossible. It's an attack I actually welcome wholeheartedly.
Indeed, Hive is one of the most decentralized blockchains in terms of HIVE ownership. And it is better protected against similar attacks thanks to the additional 30 days cooling period for witness voting.
But other attack vectors remain, which may not be as critical, but still may cause a lot of pain.
For example, an account with sufficient HP can establish censorship on Hive by downvoting posts that express certain opinions. This can be very damaging to the onboarding of new users on Hive. Sure, we can fight back using upvotes, but a protracted battle can wear out the community.
Community should be able fight this and similar attacks using a “reset button”: switching to a new token, air dropped to all the members excluding abusers. And this would not require a launch of a new blockchain. It makes attacks not just expensive, but useless.
Another major problem: increased government regulations, which may complicate convertibility of tokens. Base-layer DeFi can be offer considerable protection to projects and communities.
I really don't think censorship via downvote is even a thing. I've been at the receiving end of a whale downvotes before, just because I upvoted someone they didn't like, and I still don't agree it's censorship. Everything is still on the chain.
Some very rational, sensible and true words. Not sure about the reset of currency though. When this results in taking away value from all those good actors, the community will fall apart very quickly. I opt to enhance governance by code with governance by people. Maybe in the future 'people' can be replaced by AI. But sticking to governance by code with relatively simple rules without learning elements in it, is not enough to prevent any good intentions to become a money game.
Am surprised a little Dan didn't see this coming when creating tech to support a form of money flow and the creation of new money out of nothing as the sole model (BitShares) and then Steem and then EOS (with 4 Billion ICO).