I am more concerned about exchanges and their liquid hive where they are running a business selling and would be more apt to sell these tokens then whales invested into Hive. The whales invested into Hive are only going to benefit from this claim drop which will happen every month and only further their governance power with the HIVE network which is likely something they enjoy very much. Why would they give away their governance?
54% of all liquid hive is on exchanges and 60% of that is on upbit. So I am more concerned about upbit short selling than whales invested into hive who have governance and now enjoying the deflationary nature of HIVE now which spk network will only further. So people with liquid hive like exchanges concerns me.
Why would they put governance into people's accounts not as invested into Hive as the whales? Which does point to exchanges where they don't care about governance and only selling is their priority.
Every move or action towards centralizing is bad for Hive. Large airdrops to whales will likely do that somewhat. Multiply that by dozens if airdrops and then we have an issue.
We could come full circle to Justin Sun levels given enough air drops, also big air drops give whales potentially lots of control in any game or layer 2 token also.
Exchanges are a huge problem. Whales are 2nd largest problem. Giving either if those tons of free cash can lead to more centralizaton.
The incentive becomes, accumulate more and more Hive to get more and more air drops. Over years that can get ugly. It's a self fulfilling loop that doesnt need to happen.
I'm bringing this up now, not 3 years from now when it is more evidently an issue
I dont know is there any accounts on Hive that has anything close to a 51% stake of it? Even then you said only 3% of 10 mill hive is rep of hive stake. Upbit is still our biggest concern in that regards.