I note he mentioned that Steem has suffered ineffable harm, which has changed their ability to interface with it. Hive has exactly the identical governance structure, and is absolutely susceptible to the same issues that have deprecated Steem. I don't think they should be comfortable importing those liabilities into their product, and they apparently aren't.
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Well this is not STEEM and it isn't exactly the same. They already changed it to where newly powered up HIVE isn't able to vote on witnesses for a period of time, which was set up to prevent exactly what happened with steem. Besides that, there are a number of changes that could readily be made to improve the protocol which seems like it would benefit everyone here a heck of a lot more than building something entirely new that eventually will compete with this protocol...
Our goal is to add as much value as possible to the Hive community AND those outside of the Hive community. As I said in the post, what we are building will add tremendous value to Hivers and I believe that's what really matters. My goal, and our goal as a company, is to add value to humanity, the open source community, and the Hive community in that order. We are taking the most direct path we can to achieve that objective.
How does it add value to HIVE?
Simplified, they're creating open source stuff HIVE will be able to use. The fact that people OTHER than HIVE people will also be able to use it doesn't negate the fact that HIVE people will be able to use it.
Their strat is to be blockchain agnostic or rather product agnostic since it's not dependent on being a blockchain and provide features that will help developers to create powerful applications faster by not having to reinvent the wheel for every feature.
The current deployment of DPOS is clearly risky.