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RE: Are you Investing in Hive? Some Ideas for Improvement

in LeoFinance4 years ago

I see what you mean. There are many problems here, some of them the same as what was on Steem.

In my opinion, at least here we don’t have Steemit Inc. and Ned, which were bigger problems. And I don’t think I’d trust JS to have done anything good with Steem. Maybe he’ll prove me wrong, but I doubt it.

Now, essentially there are still many issues here on Hive. And yes, some of those issues we see from some of the same whales who can really control and influence what happens.

However, that doesn’t mean that it can’t change by other whales investing and trying to make a difference, but that won’t be easy. It would take a lot of investment from multiple people and companies to over power the current power players and structure. But look at this big picture wise, there are plenty of whales in the real world and blockchain space that could instantly come in and buy enough HP to influence any changes they like. What you see in power today, is not what will remain in power. There is not one whale here that is going to overpower individuals and companies with 100s of millions, if not billions of dollars.

I dunno. Despite it’s flaws, I think I just see the potential, and also know that as it scales, the pieces change and move, and that can cause massive shifts in power and influence on this chain. Some of that will be good, and some of it bad. I think it’s not wise to compare the JS situation, because effectively that stems from the history of the laugh of Steem and Steemit Inc. Bigger players coming I to Hive could be perceived as a threat, but whales and witnesses today wouldn’t be able to do anything to them because they won’t be holding the most Hive, and they wouldn’t have procured that Hive by a shady deal with Ned. So essentially they wouldn’t have the footing to just that off again. You have to have a good reason and a legit threat, which many considers JS to be.

And, I disagree. People can do something about problems on Hive, the DAO, etc., it’s called putting your money where your mouth is, or recruiting those who can do so. Nothing those guys on the DAO are doing came free. Most of them had to earn or buy that HP, so how they choose to use it or defend their investment is on them. For anyone that doesn’t like it, you always have the option to step up and compete, invest more, recruit allies to do the same. It’s not like there is anything stopping anyone from any time to join the chain, power up, and use that power and influence to their advantage.

It’s messy, not perfect, but it can change, it can get better. But that doesn’t come cheaply or easily. Most people don’t care enough, or have enough resources to do that. But that doesn’t mean there won’t come a day where people do.

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they aint paid nothing neither have me or you remember its free money. yeah some of them got screwed over with there steem stake but they have the same they aint paid for it. Essentially its free money for everyone so naturally you have less feeling for it.
lets just say me or you invest a shit ton and decide we dont like 13 week powerdowns and downvotes and wanna change it as we have much more power than the others put together. do we have the right?
you would think so but would we be allowed to? no you would get the same situation and another fork. they have done it once they will do it again they have frozen the biggest acc out so why wouldnt they again?
anyone with real money wouldnt even consider investing in hive knowing the background.
you could have your own blockchain for a fraction of the price look at blurt.
lets say they set up hive and zeroed every account and everyone started from zero (like an ico) how many would have dumped steem for hive?
99% would say yes 98% are chatting shit.
noone would leave a working blockchain with a name and a brand for a copy.
this is what we suggested to blurt to do but they knew it wouldnt work.
ps we got the comments up on this post lol
good job

They paid for it in one way or another. They either purchased Hive, they are witnesses (which costs money and time), or they produced content (which costs time and sometimes money). It’s not like you can become a whale for no reason. There is some sort of cost associated, which is much greater than your average user.There has never been any such thing as free money on Hive, Steem, or any blockchain. Some sort of input has to be filled to produce the output of value.

Another thing that we have not touched on, and I haven’t looked at the list of people in the DAO, but off the top of my head I’m familiar with some of the names. Many of those are witnesses. They can always be voted out. They can always be challenged by others. But what I think is, these are people who are devoted to doing all the work, no? I’m not up coding anything for Hive. I don’t run a node. I don’t provide any dapps or services. So I dunno, like I get there is a slim amount of people being payed, and probably some good things that aren’t funded. But what are the ones not funded doing about it? Are they complaining? Campaigning for support? Building funds to buy more HP? Building a following of supporters that can challenge the things we see complaints about?

To me, it just seems to easy to focus or to complain about too much of those things. Because if people or groups really want to make a difference, they will find a way. There’s plenty of ways to gain the resources to get things done on this blockchain, but the only ones that have that drive and commitment to do it are the ones we see there now. Some of what they do may not be popular or fair. But if that’s the case, until someone cares enough to challenge them, it will remain the same.

Me personally, I’m not trying to build anything here, no dapps, no funding. So I kinda don’t really pay attention to that stuff enough. I mean there are things on the DAO I vote on, but I tend to stay out of the politics of it all. If I catch something that interests me, I might chime in, or make a post about it. I def will vote and unvote witnesses if I feel the need.

Anyways, good talk!

And yes, we did at least up the comments!

Also, I wouldn’t consider just because your initial Hive was mirrored from Steem that it was free. It still reflects the value of what you did on Steem. It still was possible to lose access to your Steem for some, or the value of your Steem to drop as you powered down and cashed out. So I get what you may have meant by free. But once the fork happened, it’s back to business as usual.

Also, if enough people wanted powerdowns shorter than 13 weeks, it would happen. I don’t think people in the community want them to be shorter. But remember, the original Steem power down was 104 weeks, and it was shortened to 13. There are many reasons to favor a longer power down cycle. I can’t see much of a reason to shorten it, but if there were good reasons, and the community wanted it, I think it would change. I don’t think JS reasons were worth it. They shouldn’t have powered up Steem from exchange users. But that wasn’t Steem’s fault, or witnesses, that was the decision of JS and exchanges.

Also, forks are not a bad thing. Forks are good. It can cause resolution to issues that were not agreeable on the original chain. In the end, the best chain will win, and that won’t always be the incumbent, and forks could take years to figure out. But that’s a selling point of blockchain, it’s the ultimate in voting power. Forks have yet to hurt any chain I’ve seen, not bitcoin, Ethereum, Tezos, EOS... etc. Steem/Hive is no different. If enough people want to continue on Steem, they will. If they want hive they’ll choose Hive. If it takes another fork, so be it, it’s the nature of blockchain, at least in these early years.