@taskmaster4450: Thanks. Governance is your influence on the blockchain. It's tied to your HP. So the more HP you have, the more you're vote is worth not only for your, your voting power for duration, but in the governance vote, the two main things are the witnesses and the witnesses are your block validators, your block producers, the system we, we have is a top 20 system plus an alternate that's rotated in that handles the block production.
Everybody outside the top 20 becomes an alternate and then it runs through on a cycle basis. Anybody can put forth a. Proposal to get funding out of the Dow, the decentralized high fund as as crim mentioned, and if you get enough votes there, um, then your project will be funded.
The votes again are tied to the age, the high power people have. This is what makes those decisions. So you can sit there and complain about a particular witness. You can complain about a particular project not getting funded, all that stuff. The bottom line is this is a state based system and the direction and the future of many decisions are based upon the voting of one's stake.
If witnesses are doing something you don't like if you increase your stake and you start voting for other witnesses, there can be adjustments over the years. We've seen changes in the top 20 witnesses. Doesn't happen often, doesn't happen all the time, but it does take place.
Ultimately it comes down to, do you want to have any say? In what takes place out here around here, and you can vote one high power and you have an impact. Obviously, if you have 200 high power over one high power, you have greater impact 2000 over 200 same thing. So, collectively, that's where communities that's where groups, they have to look at the high power they have and say, are we being represented and a lot of this starts with the education process as we've mentioned a couple of times here in this inaugural town hall is making people aware and going back to one thing that was asked before.
I think a lot of it Eric goes to promotion. On chain, we have the ability through the social media avenues that we have with Hive to talk about this stuff, we can drop it in threads, people can write articles about it. We can put posts together and discuss this in comment sections of these articles, at least to help with the awareness. And if somebody does post an article about something with governance, others can share it around so maybe new people see it.
@arcange: I would like to add something about governance and witnesses. Something really important. Uh, to know about the role of the top witnesses on top off signing blocks is to secure the blockchain. And this is especially important when it comes to hard forks because the top witnesses are the one that will agree or not on new hardforks, meaning new code implemented in the blockchain.
We saw that when Justin Son was making his hostile takeover, his goal was to gain the control, uh, of at least 17 top witnesses in order to be able to change the code of the blockchain. So when you vote for witnesses, especially top witnesses, when you do governance, you are taking care of the existing blockchain, you are taking care of your assets. And that's why when we have a lot of people from the community voting for witnesses, we reduce the risk of having bad actors gaining control over the blockchain.
@moderator: Witnesses are basically our representatives, both to inside and to the outside. They are securing what we have here and without them we could be easily attacked.
@arcange: That's what we saw at first with Justinson, he tried to gain control over the top 20 witnesses but the community was able to fight back and by people from the community voting for witnesses exercising their governance rights, we were able to bring some legit witnesses back into the top 20 witness and we were close to preventing him from performing this attack.
It was only when Justin Son got help from Binance that we saw that we were kind of (removed) up and we decided to fork. So all users as members of the community have a role to perform by using their governance power.
@moderator: The main reason that we decided to start with this topic, the governance topic is because at a base layer, we need more people to get involved. What's the point of being one of the most decentralized blockchains out there if we don't have an active community that gets involved every single day with governance decisions?
@l337m45732: Maybe you don't have to fully understand exactly how governance on the blockchain work, that's totally fine. We know you drive a car and you don't know how the engine works, maybe you do, but most people don't.
But we're driving this hive engine (hehe) and we don't have to fully understand how it works to be involved. That's my point. You know, we can all be involved, we can all vote, and you don't have to be a rocket scientist to get involved.
You cast your witness votes, maybe you update them regularly, it all goes back to the the education aspect of it.
@moderator: Right now we have a very, very mature community, even though Hive is a young chain, so to speak, our community is almost eight years old. So there are people who already have a name here who already have a reputation.
There are new projects. There are new communities. There are communities who have been around for five, six years. We are a very diverse community.
** @khaleelkazi:** I was just gonna, uh, play off of Nifty's point that, you know, not a lot of people drive a car, but they don't know, you know, how the engine works.
If you overlay that to Hive governance voting, a big thing about governance is that you also can set, um, proxy votes. And I think that's, That's kind of a big thing that a lot of people miss, which is that if you build, you know, there's a lot of people that are active on hive and you know of them. A lot of people know crim, a lot of people know our arcange, acidyo, or taskmaster.
And if you trust their judgment. You actually can proxy vote to them, which is kind of like the half measure to getting involved in governance, which is why Nifty's point kind of reminded me of it, where if you say, okay, I'm a Hive user, but maybe I'm not active, on a daily basis, and I'm not going to keep up with the top 20 witnesses and what they're doing for the blockchain, but I know Taskmaster and I trust him, so I'm going to set him as my proxy vote. And I think it's worthwhile to kind of educate people about that point also.
@moderator: It doesn't matter how involved you are. As long as you get active, either by casting your votes on the witness list or on the DHF proposals, you can do so, or you can just set someone to be your voice.
And I see Manu, uh, with the hand up. I also want to prompt you, uh, for, for us for a specific topic, Manu. I was mentioning how communities are becoming a force on Hive. Yes, you have the whales, you have the established communities, but you also have the new communities that are starting to make a name for themselves.
And these communities can have at an individual level, they can have a small high power, but together they can have a real impact on what gets done or how the votes go on the blockchain. It doesn't matter if you're a whale, if you don't have a community, or if you don't have, or if you are not part of a community, there is a chance that another community, for example, Hive Cuba, and that's why I actually wanted your opinion on this.
Communities are having much more, much more influence right now. And as time goes by and the members are committed and have a long term vision for Hive, these communities will play a very key role on how governance works, maybe in five years, maybe in 10 years.
Uh, Manu, we cannot hear you. Maybe you want to drop from the spaces and join again. Just ask to speak. And I will pass on the mic. Uh, we have WOO in the house who hasn't spoken yet. Hey man, do you have anything to add to the conversation?
@wrestorgonline: Yeah, actually, I have a few things I'd like to talk about. Uh, Hey guys, uh, thanks for inviting me to the space.
I know some of you guys might, might know about our project wrestling organization online, otherwise known as woo. What we're looking to do is we're looking to leave wrestling a better place than we found it. Uh, and we're able to do that with the hive blockchain.
It's actually been really amazing to see how Hive really pushes their projects, and I want to speak about, we've been talking about governance and voting.
What about voting on the value plan proposal that has just been released a few days ago? That value plan is incredibly important to the growth of Hive. It allowed us, as wrestling organization online to go to the rare Evo convention in Denver, have a presence there where we can make connections, have our wrestlers meet other people, and you'd be surprised how many people in the crypto community know who our wrestlers are and are excited to meet them.
We were also able to go to the breathe convention in Vegas. And what we did at the Breathe convention in Vegas brings, brings tears to my eyes because it leaves my heart so full again, our mission is leaving wrestling better than we found it.
One of our partner wrestlers, Perry Saturn has found himself in a really hard place. Uh, he hasn't been out, uh, to, to see the wrestling community for about 20 years now. Hasn't been on TV for about 20 years. Hasn't seen a lot of those wrestlers and the comrades that he has, uh, and the people that care about him.
And we brought him to, to Vegas and reconnected him with some of his friends like, uh, Sonny Ono and, um, and Disco Inferno. And seeing the smile on Perry's face when he was back around people that cared about him, I literally was in the Uber ride on the way home. Saturn and sunny up front and and tears were in my eyes because my heart was so full I felt so good and that is something that is directly a result of hive It is a direct result of the community the vast hive community coming together and making this work for us Uh and and in changing people's lives We were able to save perry saturn's house for being taken from him. That is real change that is real positive change and we're able to do that with the community and with governance, uh, with people voting on proposals and that's why we are a witness.
I believe we're in the top 60 ish, maybe 62 or something like that as a witness. And we've been around for just over a year but we want to give back to the community. We all grow in this together. We're all in the same boat together. Let's rise together. Uh, and so having these Twitter spaces is huge to get the information out there to the regular people.
It's also huge to get us together to speak to each other. And if you see some of these accounts and some of these projects that you aren't following, go follow them, you know, share this space out on your Twitter, share it out with your community, get the word out there and, and let's grow this baby. Woo.
@crimsonclad: So forget the value plan stuff for a second. Although, you know, honestly, Booker bringing that up is a great point. One of the things that I think is so awesome and getting to watch this as we go and speaking specifically to that idea of communities becoming an incredibly important part of governance voting.
I think Manu's example of like Hive Cuba becoming essentially like a really important voting block along with our other communities. Here's Wu as an example as well. When you think of the type of people who end up in the blockchain space, disruptive tech, you probably don't immediately think of wrestling fans and that's not a slight, t's just what a different. Style of, you know, approaching entertainment, right?
You're watching athletes, you're out in physical arenas. What you're interested in doesn't necessarily immediately correlate with, you know, a nerdy disruptive tech kind of blockchain stack. And yet here is Hive building a crossover where games and social feedback loops exist, where communities end up pulling together because you can share whatever the heck you want on the blockchain and the more that we kind of create these fun places for people to gather that are more equitable like forums or front ends or What have you social spaces where people gather around a common interest? They become a community that potentially has a completely Different set of values and it's one of the reasons that hive is so poised to have such a strong, such a strong governance mechanism.
And it's not just the tech side of things. It's because specifically this blockchain builds a really incredibly varied and distributed user base. Every vote you make, forget about governance, even on witnesses and DHF, every vote you make every day is distributing hive to different people around the world and actually decentralizing this block chain further.
So when you start bringing in groups that come together around. Uh, a different set of interests is something like wrestling. You are suddenly opening up this space that we're saying we want to see diversified every day, distributed every day. You're opening it up to a group of people you wouldn't have been able to reach in any other way, which is the coolest part about our DAPs and our different groups, whether they're cultural, whether they're interest based, whether they're service based, however it is that these communities with different approaches, different interests, different people, however they come to the blockchain they have this social feedback loop where they can talk where they can gather and where yeah they can actually kind of decide here's what we want to see let's all vote for it and so for me WOO is a great example of people who would have never never never found our blockchain space who now find someone that either they've watched in the past that have ties to their childhood that compete in a sport that they're interested in, or they get drawn in buying, you know, the magical cardboards, the trading card game, and they love that aspect of it. And I really am excited to see how each of these communities brings people that we would not have had otherwise, it's crowdsourcing and crowdfunding knowledge in a way, which I think is huge for balanced governance.
@moderator: Exactly. And just like crims says, forget about all of the rewards from posts and, and, and from, from comments and all of that, every vote you cast as an individual is telling or is signaling, Hey, I want you to have a bigger say on the governance, I want you to have more hype tokens so that whatever you stand for. You have a bigger influence, so the more that we spread hive as a token with the community, the more that we have to into account what is the hive that is being spread used for.
So if you align with someone, even if they post, you could say low quality stuff. If they align with what what you think is best for the blockchain, that is also value. So the best part of this decentralized space is that anyone can do whatever they want with their vote.
@manu.photos: Thank you first for inviting me. I wasn't sure I would be here because of my work and now I'm on the street.
So if you hear any sound, uh, sorry. Sorry for that. I'm in Cuba and in a a bit loud place. Um, I wanted to talk about how Cuba and in a way, how it has empowered many Cubans in many different ways because we are not just a trading card game or a focused community on any topic. We are just a community for everyone in the country that are welcome to play a game or create content or vote for the content or anything that they do.
I wanted to speak about the previous topic that it was about witnesses and boarding. Um, there's something that we need to do with this uses that sometimes they don't know about, what a witness is or how they can hit with their votes to maintain the And I think we need to approach that from every single community that we have.
Because Hive, we need to remember that Hive is a big community, but it is a big community made from many communities. So, not everyone can know what a witness is, but we can, he can know about it from another friend that is doing the same.
I know they are both playing a game, or they are both in a community that is about content, about Cuba or that's just, I don't know, posting pictures on Hive. People should tell them about in any way. Maybe we can do a mechanism for marketing for inside marketing or Hive. We should think about and how to approach that, I wanted to say I don't have much time, but I Also wanted to say that we have a something that's really good for this And it's our reputation system that is based on every Single thing that we do, every single interaction transaction that we do on our blockchain and it's something that sometimes people forget.
People forget to see that number when someone is commenting or reaching them and people need to know more about that because that's the way we can know that we are talking to someone that is, uh, actually not a bot. There is a real person that has... Some value or has bring some value to, uh, to the blockchain, to the community or wherever he's, he's at in any places or, uh, so somehow tell more about, uh, our communities there, uh, tell a little more about this because people need to know how this works and how they can use it to be more safe in our space and for that to know how people are using our blockchain, how they're contributing, how a witness has become a witness in the top 20 or is doing it because he just wants to help the blockchain.
And that's how Hivecuba has become a witness. Because we just have the enough amount to our curation project, just, uh, have a server and be a witness. No matter how many votes that we get on our witness, we will be, uh, we will always keep our witness servers on. Because just, just because we can, because we wanted to help our blockchain. So, uh, no... I don't know if many witnesses do it, uh, that way, because that was our way to contribute the, the trust that the blockchain has provided us.
@moderator: Exactly. And just like Manu says, it's all about getting the small user, the little guy to get involved. It doesn't matter how much Hive you have. Getting involved and having as many witnesses as possible. It doesn't matter how far or how close you are from, from the top 20.
The more witnesses we have means that at least at one point they will run a block, and that means the blockchain is getting more decentralized. At one point we used to have around 120 active witnesses. Right now I don't have the number, but I see the top 100 have a lot of inactive witnesses. If you are voting for any inactive witness or anyone who hasn't updated their feed or, or done anything related to, to being active in the, in the blockchain governance, you should change all of your votes.
Crim, I know you have to leave very soon. So I have a question for you that, that I think the community will be glad to hear.
Right now it seems like we are playing the governance game, but also Anyone who has something to add to the conversation that might not be positive or might someone in a bad light It seems like people are doubting into doing it or not because of course we are a transparent blockchain everyone can know who said what and there might be some fear of retaliation or thinking that you're a toxic person or that you're a problematic person.
How how can we encourage people to be more vocal no matter how much state they have without thinking there's going to be consequences.
Great to see this. You created a longform version of a #threadstorm. A #poststorm