Can't this be solved by a community-owned treasury that would be used for automatic buying/selling when the peg is broken? I saw a few projects out there trying to solve the problem with this approach but I can imagine that it is a bit more complex with Hive and HBD.
Making it distributed and decentralized is great but if people aren't incentivized to react in a time of need many will fail to do so. The space is simply overwhelming and you can't expect everyone to pay attention to everything at all times.
I personally feel that the whole industry needs to solve communication issues before we move forward. If you are involved in more than 3-4 communities you are bound to miss at least a few governance votes and emergency situations.
Posted Using LeoFinance Beta
I think many on Hive already proved how they are willing to step up if the chain is under attack. There are a lot of defenses put in place but probably the strongest that Hive has it the diamond hands that are around here.
Many stepped up when Sun attacked, even though with little stake. It was amazing to see.
This is true. I also this is one advantage that Hive has. We are able to get our ideas out there. And, if the past is any indication, when something is dire, it gets a lot of attention on here.
Posted Using LeoFinance Beta
Yeah, the Steemit incident really showed the strength of the Hive community, no doubt about that. In general, no one has better communication than a platform built for communication but you never know what the future may bring.
I guess I was just thinking out loud about some possible issues I personally see popping up in the future. Wouldn't be surprised if a push-notification project ends being worth billions since that will probably be the only way to keep everyone informed.
Posted Using LeoFinance Beta
I do agree that communications on blockchains leaves a lot to be desired. Things can always improve, there is no doubt about it.
You are right, the one who figures that out will have a multi-billion dollar application. Hopefully we can get some tokens in it.
Posted Using LeoFinance Beta