Will be curious to see where this ends up, but in the short term future there is likely to be an upswing in the economy as many who get the stimulus and super unemployment find themselves with more cash than they ever had for 2-4 months. I argued with many the last time they had a major stimulus that gave most to the elite that if they would have given it all to the low people it would prove trickle UP economics as within a week or so most would have spent it on frivolous bullshit giving it to those same rich folks.
I agree, Justin Sun lit a fire I thought was an illusion/bullshit after my first year on Steemit. I really hope the community can stay cohesive enough to keep building on the momentum.
Yeah never underestimate what people will burn their money on, even in the face of utter destruction.
What's going to happen in the short term as these funds are disbursed to we plebs is that we'll spend them, and prices will rise.
Inflation.
When $T's go into the accounts of megawealthy banksters, they don't go out and buy corndogs to feed their starving whelps. No inflation.
We got rid of @ned and Tron in the same fell swoop. We're back to the same dozen or so whales that control consensus witnesses historically. We didn't really change anything. Distribution has only changed for one account. One less whale.
Hive isn't less centralized now than Steem was two months ago, except for that one whale. The oligarchs that currently exercise governance are the same ones that controlled Steem then, and none of them are immortal. Someday every satoshi of stake they hodl will pass to other oligarchs, if stake isn't being surreptitiously accumulated by an actor hostile to their hegemonic oligarchy already.
Plenty of banksters have personal assets greater than all crypto capital together. For those parties, censoring Hive would be trivial, because all it takes is stake.
We need a more substantial defense of our censorship resistance than the extant whales that currently defend it with all they have - because they're minnows in the big pond. We are discovering more and more that factual information is not optional in the face of lying about pandemic that can get us dead. Earlier this month Bill DeBlasio was telling folks in New York to get out and act normal.
That killed people, and still is killing people, in New York.
I know my life depends on free speech, and the whales on Hive are a slim barrier between lies and my coffin IMHO.
We need more than the price of our Hive to keep us safe from censorship.
Perhaps, Hive should do away with the shading of downvoted content. Perhaps, replace downvoting flags with dislikes. Perhaps, add the option to utilize different reward pools and tips. Perhaps a different system for voting for witnesses that requires some kind of authentication to prove a person is not a bot when voting and do away with voting via how much money a person may have in an account.
It needs to be more than just stake. Monopoly is inevitable, and has long ago made nominal funds to 51% Hive trivially available to many censors today. Sun Yuchen has proved to be terribly anti-free speech, and he's the least of the threat in terms of hodlings IRL.
We depend on stake to control governance, of Hive. It's like wearing a t-shirt and calling it a bullet proof vest.
I would love for a social networking system that would, instead of being like Facebook, utilize email-like communication between different websites, different computers all around the world, different servers, different programs communicating with each other in order to make email work, and also IPFS and Bit Torrent in allowing for each account to be independent and yet capable of communication cross-platform. We can call it Mea Omnia.