yeah basically the hive police act like everything would break if flags didn't exist
all we have to do is apply that logic to defi and see how it fails spectacularly
no one complains about 100% "self-upvoting" on a defi farm because that's the entire point
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As much as I hate to see whales throwing their weight around and smashing the little guys....they do have a point. Remember Whaleshares? The fork that had potential, but they had no flags and guys like Haejin just raped it to death. Remember Haejin? He's not here any more.....
I was against the free downvotes when it was proposed and implemented, but I've come around. Sure they can be mis-used but I do think the place is better for the change.
I highly doubt Whaleshares failed because they didn't have downvotes.
Many people just assume that is the case.
Again, compare it to DEFI.
Does DEFI fail because farmers don't share their rewards?
Of course not.
There is a very real chance that downvotes cause more harm than good.
Personally I was also against free downvotes and have since come around.
But we should aware that it could be far more damaging than we realize.
I was there for a while. I left because I could see Haejin quickly self-voting him into the #1 stakeholder position and a bunch of clowns were following suit with rubbish "placeholder" type posts.
Having participated and witnessed it all first hand, I'm pretty confident it was a major contributing factor. It certainly was the reason I left - I saw no future in it.
DEFI is a different model. The inflation model here is supposed to be distributed to people who add value to the platform with good content or whatever.
Exactly, so it is simply a matter of perception that downvotes are important.
They aren't.
'Because the whitepaper said so' is not a good reason.
We could just as easily say, "Okay we're doing yield farming now!"
It wouldn't be a big deal.
If I was in charge around here I'm not sure if I would remove downvotes,
but I certainly would take a more aggressive stance against all the liberal downvotes from huge accounts.
It'd be a big deal for me and I'd be outta here pretty quick.
If I wanted to do yield farming I'd be doing it on STEEM or some other DEFI platform.
That's what I've been saying all along.
Why would anybody lock their stake away for weeks, making it nearly impossible to fully take advantage of bull-runs, just to "give back" to authors?
As sad as it sounds, current day Steem is far more lucrative to be powered up than Hive. Because 1.) overpriced SBD, 2.) TRX rewards, 3.) nobody gives a shit about self-voting aka yield-vote-farming and 4.) 4 week powerdown.
Yeah it's so easy to get all high and mighty and pronounce why Hive hasn't gotten back up into the top 100 market cap. At the end of the day that's all wild speculation. I think we just need to keep our heads down and keep building.
I patiently await the day that Steem's complete lack of development catches up to the network.
Hive is not in top 100 because its use-case isn't clear, stakeholder/tokenholder incentives are outdated and core development focused on fixing tech debt/improving core code.
I know you play Starcraft so you're familiar with keeping the balance of building out your economy and building up your army/defence + putting out aggression against the enemy/ies. If you go full-on economy and your enemy goes aggressive, you're done.
In the case of Hive, we're not done, just lack behind any project that has A.) a clear use-case (Theta, Uniswap, Solana, Eth,...) or B.) uber-incentives for tokenholders (Any DeFi protocol) or C.) hype (Doge, Safemoon, Shib, ..)
Could be. Or we could also steer in the wrong direction. Difficult to say. Depends on how successful blocktrades' implementation of an SC-layer is and whether we'll be able to keep/get projects building on it.
Sadly, I don't think it will matter much unless we're talking uber long-term, similar to how BSC's lack of decentralisation doesn't hinder its growth so I don't think Steem's lack of development won't matter much within this bull-run.
good points.
I'm very curious to see how 2022 pans out.