It's a good idea to review witness votes from time to time and I did so yesterday.
Second, if someone is high "enough" up in the list in your opinion, they don't need your vote. Use it to support those who are underappreciated, not those who are famous and in a top position already.
Even though as a backup witness, saying so is in one way against my own interests, I disagree with this. As we just saw on Steem, the network's security is higher when top 20 consensus witnesses (that are worthy of being there) have a high amount of stake voting for them.
Only in situations where an extremely high stake is able to attack. Don't forget that it cost $~15M to do so, and the piling of the community didn't manage to prevent the attack with its stake alone.
This happening again just became a lot less improbable, and at the same time more costly. Thus I see it as a very theoretical threat even if votes get spread a lot.
Exactly and these people weren't voted in bc they're the best at anything. They were a means to an end, to topple or counter attack a potential threat.. They didn't save their precious "earmarked" ninja mine they saved their assess and time will tell if this ecosystem can hack it out there in the real world. Thus far naming a place hive was dumb af and not well thought out. These people didn't accomplish anything substantial and celebrate what's IMHO not a victory.. We now have a real shit coin with no purpose whatsoever except for within the confines of this weird self absorbed platform.
Oh man, could've made it clear in your other reply that you're a troll and I would have saved my time.
Lol, buy something with you hbd?
Lots of people will be selling stuff once moving days are over.
It's not even on any exchange that I care to find. It's still in the realm of delusions of grandeur and fantasy..
Homesteaders co-op takes it, I bet.
So stating the obvious and having an unpopular opinion is being a, troll? You're just a third tier wanker that has no usefulness. Fuck off
It's a lot less probable now, yes. But the incident proved that DPoS security should not be taken for granted (even if we all saw the piano hanging over our head in Steem).
I agree, It's important to actively manage the votes and adapt to the situation. When the vote delay is implemented the risk will be a lot easier to assess. The obvious threat is gone for now though.
The vote delay does not address the risk of a stealth attack where a malicious actor can spread his stake and wait for the right moment to overtake consensus. Of course it would be more costly to do it on HIVE than on STEEM (you actually have to purchase the coin on the open market).
Sure it is still possible. But easier to detect, even if it's spread.
For folks like us that did not inherit fortunes, nor run central banks that can conjure money out of thin air, this threat is indeed largely theoretical.
It is not theoretical at all on the ground, because people that can spend $100M at will without experiencing any lessening of their economic power demonstrably exist.
We also cannot reasonably fail to note the censorship and propaganda that increasingly is being undertaken by those very people on every platform extant in the world today. Given what just happened to Steem it is extremely foolish to neglect to secure Hive from such a Sybil attack immediately.
I am confident that unless we limit the influence on governance of stake, Hive will be centralized because far more money than is necessary to censor this community is demonstrably being spent to censor people today.
The central banks are creating and dumping ~$1T/day on the stock market on an ongoing basis. What possible reason can you give for that kind of financial mechanism not being used to censor Hive? Sun Yuchen did not earn wages with which he gained the funds to centralize Steem, ostensibly gaining those funds speculating on BTC.
I will not be surprised if Sun Yuchen is already accumulating a massive stake in Hive in order to do the same thing to Hive he has done to Steem. In fact, I will be shocked if he is not.
The 1/3+1 minority attack is incapable of forcing a HF, but Sun Yuchen proved that DPoS is vulnerable as presently in effect on Hive with inactive accounts votes remaining effective, and the 30x multiplication of stake weight on governance, to effect that attack with less than 1/3 of stake extant.
I hope that VP is soon applied to witness votes such that SP is depleted 100% without recharging, so that 30x weighting of substantial stake no longer enables one stakeholder to gain such a Brobdingnagian advantage over other stakeholders. Further, this single mitigation is insufficient to prevent centralization of governance of DPoS, and additional mechanisms are necessary to prevent our voices from being silenced by the CCP, central banks, or people like George Soros.
I'd appreciate hearing some ideas from you guys, who have the most experience in efforts that have been undertaken to wield excessive influence on DPoS governance, in a timely way.
Thanks!
If someone can spend $100M for fun, we will have to fork again no matter what the voting does.
It's not for fun. Censorship is a weapon. People die as a result of being misled, or for defying censors with the power of governmental force. You might recall the terminal censoring of Jamal Kashoggi not too long ago.
I have been shot at, beaten, and physically attacked with the intent of ending my life by thugs associated with crooked cops - snitches and drug dealers, and their minions. The lives of my sons have been threatened, and as a result I no longer dare publicly act to reveal specific criminal acts.
Maybe those thugs that have sought my life were psychopaths and thought it was fun, but that wasn't why they did it.
They did it to protect their money and power, and that of their overlords whom they serve. Sun Yuchen's takeover of Steem seems likely to have been done for those same reasons, rather than for fun. Since those reasons to takeover decentralized DPoS blockchains and censor their users continue to exist and apply to Hive as they did to Steem, I am certain effort is underway to do to Hive what was done to Steem.
If all we can do is fork, this community is doomed to fail.
I do not agree that all we can do is fork if someone buys substantial stake, or accounts hodling substantial stake, and it is easy to demonstrate myriad mechanisms we can undertake that can prevent mere money from seizing total control of our community.
I don't like most of them, and bet you don't either, but I am incapable of either understanding every possible mechanism that could secure Hive from such a Sybil attack, or of implementing any of them. Therefore I strongly urge discussion of potentially acceptable mechanisms nominal to prevent centralizaton of Hive governance before that centralization is effected.
We're only doomed if we don't.
I have made countless attempts to discuss myriad issues with you, and am finally going to concede defeat. If you're going to talk to the pretend people in your head, please no longer address me while you do.
Go talk to someone that said anything like the quoted line above, which you will not find here.