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RE: The biggest risk with Hive Engine tribes is the owner

in LeoFinance3 years ago

If I were to issue some more tokens manually, It would make the entire project worthless and based on a lie so then it should be valued at zero imo. If there were a safe mechanism to make that impossible for me to do, I would utilize it as I think it would add value to the project by making that feature trustless.


Posted via proofofbrain.io

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I agree but your tribe is also in a unique position. Other tribe owners can issue and won’t likely be noticed as there is so much noise. It would be very easy to spot a pob issuance outside of reward pool.

Posted Using LeoFinance Beta

There is a way for proofofbrainio to make it so he can't issue any more coins, an option no one I've seen has mentioned yet...that is to delete your passwords from your computer/system so that it is a "lost account." In this way, no one will ever be able to issue new tokens...again, you'd have to trust the person saying they deleted the info.


Posted via proofofbrain.io

The password is still available to ScotBot and the Hive Engine team as they use it to issue the reward pool.

There is as much trust that someone that someone truly deleted the keys (impossible to confirm) as there is hoping they won’t print more tokens to their own benefit.

Posted Using LeoFinance Beta

There's always poison...wait...that might not work either...