You are viewing a single comment's thread from:

RE: When Is a Blockchain no Longer a Blockchain?

in Threespeak4 years ago

Can you explain a bit more about what the colors mean in this graphic?

My understanding is that the colors represent that more active HPs as opposed to those accounts simply holding and not active yet it would be best to run that by @arcange to verify that.

That's the main premise of DPoS.

At present that is indeed the main premise. My feeling is that that premise fosters a continuation of the status quo which in ground breaking technology is not the best idea. One approach that could help to shake up the status quo, in terms of reward distribution at least, would be to have one's HIVE Power being weighted against how much rewards one takes from the ecosystem. Let's take as an example an issue like self voting. Those that are self voting an earning large rewards as a consequence would find that their voting power would decline in some weighted fashion so that their witnesses vote, up votes, etc. would have less power. In that way the status quo could be more easily challenged as there would be those primarily here for the milking and those primarily for the community. Over time the milkers' influence would wane.

This says to me people don't really care about blockchain rights or actual value, they just want to speculate on a token.

Or perhaps a billionaire is keeping things pumped until the upward pressure on HIVE comes to an end with the last of the power downs on STEEM. Until a week or so ago my 2500 BTC satoshi sell order on Poloniex (JS' exchange) would normally be met within a week time frame. Something was driving STEEM up to 2500 BTC satoshi on a weekly basis.

Sort:  

Very interesting idea in terms of keep tracking of the takers vs. the holders. I've thought about this for a while in terms of the exchange transfer reports I used to do. It could even been done as at an interface level so people would know how much someone extracts verses deposits in terms of value. Either way, though, I think it could be gamed and by that I mean separate accounts could be created and funds moved around so that some accounts have terrible reputation as they are only used for dumping value and other accounts are kept "clean" where deposits happen.

Either way, though, I think it could be gamed and by that I mean separate accounts could be created and funds moved around so that some accounts have terrible reputation as they are only used for dumping value and other accounts are kept "clean" where deposits happen.

Yep, it will be studied to be gamed. No question. 😎

Still not convinced it would not help in the weakening of the status quo, though.