I appreciate these posts and I am surprised that there is not more discussion about them, especially by the larger investor accounts. Surely, having this much Hive and HDB creating sell pressure without accountability is not good for their investment. I believed that the whole point of the way Hive was designed was to show a better way of running an economy than the governance systems most have to deal with in their own country.
Now it just seems like more of the same. It is shocking.
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It’s worse because there’s no Centralised regulation and it just goes to show how these systems fail with a lack of leadership or control. Whenever money is involved greed takes over and the system breaks down. It will actually make a good study in time.
I thought that proof of stack would make voters more critical, especially for those who have more to lose. It seems that I was wrong. I would be interested to know what the high-value accounts think is the value proposition of things they vote on.
In a way, they are the centralised regulators.
Now that depends on where those funds end up, doesn't it?
True.