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RE: Social Layers & Reward Pools - Let's Talk About It

in Threespeak4 years ago

I understand where you coming from. Fact is that at this point in time, nobody has real influence, except a couple individuals. We have 42 whale accounts? The number of individuals is less than that, for sure, How much less, I dont know, but considerable less. They have a stake that is around 50% of maybe 40%. So how decentralised is that? And what about our witnesses: 20 of them (well, 21 but 1 is reserve). 20 is not a lot and nobody can guarantee their independence. Nobody thought that a single entity could take the power of a chain, but it did happen. Now people think they are save because STINC and TRON are out, but are we save? I dont think so. I know, this is not a response to your comment, but I just try to voice that the current system irrespective of what HIVE token are distributed to, needs work, massive work to be able to function as one of the top chains.

For a long future ahead of us, I predict by far the majority of social media users is not at all interested in being able to control anything other then their own content. The fact that every stakeholder can vote for witnesses and for proposals is so complex for the average user, they will either not so this, or not become part of our community because of all these complexities. The reality will then be that many users give their votes to some proxy and we all saw what happened about half a year ago. The world is not ready for a fully decentralised ecosystem, I wonder if the world will ever be ready for that.