RE: Hive: Hundreds Of Millions Of Dollars In Development Funding And How It Works

[sepracore]

I think those types of decisions are still going to be made. The way I understood it was the goal was to move as quickly to Hive as possible and then have an open discussion about these types of issues without having to worry about Justin Sun passing through a hardfork with a 1 day power down and is losing the ability to track the steemit ninjamined stake.

Comments

[mattclarke]

I originally wanted to see it all burned as we were originally lead to believe, but on reflection I'm warming to this perspective.
I would like to see a lot of it burned, but I can appreciate why getting clear of Justin was top priority.

[abitcoinskeptic]

Im sure they could have moved it to any account without being trickled to the dao just as fast. Correct me if I'm wrong but 22.2 soft fork didn't even have to move it to freeze it.

[sepracore]

True, but the only account I would trust would be the dao. I wouldn’t even trust if they put it in my account.

The dao seems like the safest option to me and then the community can vote to figure out how to use it or destroy it.

[abitcoinskeptic]

How convenient, only account out of millions used and billions unused is the one that trickles it into a fund.

It was put there for a reason...trickling to proposal system won't require blockchain vote or hard fork, not because it is actually safer.

They took removed all sorts of permissions without a hardfork, with a hardfork they can manipulate the chain anyway they see fit.

[abitcoinskeptic]

If you're seriously suggesting that the witnesses colluded to steal the steemit stake through the doa all in plain view of the community and all solely by the community's consensus, one percent each day, you're either calling them and us total idiots or the most audacious dastardly genius bastards.. But more the former..

I domt think anyone stole anything.

I think it was moved there without our being asked. It could have been moved somewhere else, but it was moved there.

I suspect some who want it there wish to remain anonymous actors. This is concerning.

We don't know who was involved in the decision. We know it is reserved for development. We don't know what development means.

The entire third world has received billions in funding for development and most are in shambles. It would be safe to say they would be better off without that debt.

The money in the dao represents likely inflation amd debt. This has been decided as the default.

Who decided it? Why?