Interesting, so a fork is coming ... now, i read your post, and i am a noob with this techy things, but i do have a question, which some might think is kind of stupid, but still .... Someone once told me there are no stupid questions, only ridiculous answers, so here i go ... In laymen's terms of a not native english speaker, so bear with me.
Because of a certain tax loophole, i have been looking for a starting project to get into earning trough mining etc ...
So, to my understanding, a hard fork means another project running on the same (but altered) blockchain, so for this new project not to become too decentralized, you need nodes ... am i right, or is my thinking already going in the wrong direction? now, if i have an old mac around, i can run a node on it? and then earn? Or do i need to run one of those insane mining rigs based on gpu’s? To earn?
Hard Fork is required when you are changing the rules on a blockchain.
--Steem 20--+--obsolete \ +--Steem 21--+--obsolete \ +--Steem 22--+--Steemit's centralized fraud machine. \ +--Hive 23--X--+-- obsolete ^ \ | +--Hive 24--> | we are hereNot all hard forks are used to create parallel universe some are just used to upgrade the technology and improve the rules. That's our case.
The other way around. But you are writing about mining, and mining is a think on a Proof-of-Work chains. Hive is a Delegated Proof of Stake. There's no mining here. On PoW chains, those who have more computing power have the best chance to produce blocks. On DPoS chains such as Hive, the best chance for block production have those with the highest approval (most stake-weighted votes) from the stakeholders.
Thank you for this, and the excellent explanation of dpos,
When i am thinking about tge delegated proof of stake, in combination with social media, isn’t there a too big first mover advantage?
No, I don't think so, I'd notice that ;-)