I am sorry to hear about this security problem at EOS. I was attrracted to Steemit after reading some of Dan's writings on a scarcity economy and steemits opposite economy. I was very impressed by the multiple private key concept to security, the human readable names and the time locks, plus wallet communications. I am still amazed today by the security of Steemit and now HIve. I hope Dan comes back here one day to see how his baby has grown and developed. I have built projects on HIve before and I am building one now. I wrote a proposal for a Hive Community Bank capitolized by the DHF but belonging to the community. #374. The strongest points are that HCB gives HIVE holders liquidity without forcing them to sell, which preserves long-term upside, may avoid immediate taxable sale events, and protects borrowers from flash-crash liquidations by using yearly reviews instead of twitchy real-time oracle triggers. The model is also easy to understand: borrow up to 50% of collateral value, keep the HIVE powered up in custody, pay a clear upfront fee plus low annual cost, and let borrowers repay later while keeping any future appreciation. Its best selling point is psychological as much as financial: it turns HIVE from “an asset I must sell when I need cash” into “productive collateral I can hold through cycles.”
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