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RE: Community Forks - Theory vs. Practice

in #fork3 years ago

There is no premine on Hive. They would need to buy up 51%+ of all voting tokens. If they did that, we would react as we did with Steem and powerup/vote more. We are close to the "checkmate" scenario of having enough voting that no one entity could get enough to take over the chain. Today they would need help of the exchanges, but with the 1 monthly delay on voting in governance, we would see that attack from a mile away and prevent it. Anything is possible, but the game theory is very tight here, and in practice, we showed what is possible vs. a premine; imagine what we could do without that attack vector.

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So Hive is pretty much safe? How long until it's 100% safe?

Funds are safu. But no one can say anything is 100% safe, doesn't exist anywhere, but you can strive to make things as secure as possible.

Yeah... I think it would cost an attacker a MASSIVE amount of money to make a dent though? I hope Hive will stay around long enough to be a permanent home!

You are right, 100% nothing is safe, if it is fine in a moment, then no one has any idea what will happen in the next moment, like a person leaves the world in front of us in a moment. Never have 100% confidence in anything in life.