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RE: Final Thoughts: 20% HBD has been a Smashing Success.

in LeoFinance9 months ago

So, where are those witnesses where you rebutted my claim that 'they aren't having a real conversation on the issue' on other Hiver's blogs on the issue? They have said little else, other than announce their intentions, but you feel that users having a side conversation means our input is being heard? It doesn't look that way...

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You know what was WAY more annoying in my opinion?

When they named the network Hive after the forced rebrand.
I would have went for something less generic like Hydra or something.

I don't know what to tell you man: you are right.

But also this is just how republics work.
The people who get elected don't have to ask for permission.
They act first and deal with the fallout afterwards.
There are benefits and pitfalls to doing it this way.
Strong leadership and power consolidation are a double-edged sword.

My analysis of the situation is that most on Hive exaggerate the problems and downplay the benefit.
We can argue this is suboptimal and it "shouldn't be like this" all we want,
but at the end of the day everyone on Hive implicitly agrees with the rules.
Whether they like it or not.
It's opt-in governance.

but at the end of the day everyone on Hive implicitly agrees with the rules. Whether they like it or not. It's opt-in governance.

Or just leave, like most do...

The whole point in the beginning was to be a new revolutionary way to govern, but it ended up being just a copy of the current Centralized US Gov... So, Hive is a failed experiment really.

I can see how easy it is to come to this conclusion, but I don't agree for a handful of reasons.
A big one is USG doesn't control USD, but Hive does control Hive and HBD.
Citizens of America do not benefit from a strong dollar, in fact the opposite is often true.
Citizens of Hive directly benefit from a strong currency, and the currency has other utility besides storing value.
I could go on, and have in other posts, but your name is literally Not-Convinced so...
Clearly these things need to be proven rather than speculated upon.

But calling Hive a failed experiment is extremely premature.

This network will continue running until something exponentially better comes along, which I doubt will happen.

A lack of growth year over year shows stagnation, so definitely not a success and in my eyes; A failed experiment, because the end result was not at all revolutionary and at this point will not be seen, at least for years to come if ever.

All Hive has proven is that you only need a small community to make the economics work for a consistent period of time.

By the way, I didn't say it was exactly the same when you get into the details. It's the basics that are close enough. It doesn't have to be that way though, because of the differences, like realtime voting. The problem is mostly with the average complacent human. If that can't be accounted for then there's going to be little difference. Stake weighted voting didn't counter this, it just made it worse.