Blocktrades having 7 million HP is centralized and that stake being used to vote on witnesses is King Maker level of Centralizaton almost.
2000 people who total have 7 million HP is decentralized and direct Democracy when they all choose to vote.
I dont know how hundreds or thousands of people putting ura soul on proxy is centralizing, it's the definition of Democracy, People voting on something isnt a bad thing.
All I'm saying is there's another layer of trust needed to entrust others with your witness votes, it's not even the same as delegating HP to a curation account. It's about the security of the blockchain. If these guys are this loud about disagreement of rewards, how easy aren't they going to be bought off to vote in a bad actor's favor? There's someone in this thread literally offering 10k USD to blacklist an account from its stake and before you bring up steemit, azircon has purchased his stake, not promised for years it won't be used in governance voting or to invest it in the future of Hive.
Blocktrades has it in his best interest to keep the chain secure because he has the most skin in the game. You guys want someone with close to no skin in the game to have a major witness vote. It's close to irrelenvat right now at times of "peace", but if another Justin Sun were to appear who happens to only need a few more million Hive witness votes after months of powering up anon accounts before making his move, then everyone will be in jeopardy because 1 or 2 people with close to no skin in the game are most likely to sell out and endanger everyone's stake.
That's why we need more inflation on the chain so Hive is spread out to more people. Hive being around 430 million total right now inwould like to see it be over 1 billion in a few years. The more tokens out there the harder it will be to buy enough to control the chain is how I view it.
@edicted has written about needing more inflation I think months ago.
A Justin Sun will be a problem unless we to go POS in the future. That's why Ethereum will be the king when the switch. To take try and take over POS you will get punished and lose your stake, their security mechanism will be world class and almost impossible to take over.
I don't understand how a difference in amount of coins would change literally anything?
There's over 100m unstaked as far as I know, BT has over half of all staked Hive voting for him, more inflation wouldn't change anything as far as I know. What would is getting people to not hold their coins on exchanges and maybe also enable liquid Hive voting for the traders, but maybe to a lower effect than staked ones as they're supposed to have the risk of having their tokens locked if the put the blockchain in danger. A lot of different scenarios here to take into account but it's way past midnight for me to think clearly and deep about all possibilities and what vectors of attack these changes would open.
Very true. Exchanges ate a huge problem as well
He's literally doing what logiczombie did a few weeks ago, it took logiczombie 2 weeks to turn around and become a bad actor using frankbacon's delegation to downvote random legit newcomers.
All in the name of "freedom of speech" and that they'll use it to vote lower witness ranks. It's hard not to see this as anything other than what the korean proxy was attempting to do during the hostile takeover, use it as a bargaining chip to get the best of both worlds.
If ura soul starts a curation trail and then weeks later uses it to downvote I will be against that also
Point is the damage done there is way less than what steem witnesses did to 20m steem that belonged to people.
I am doing what Hive is designed to facilitate and only doing it because I was given a large proxy without asking for it. Since I have been given the power to use wisely, I need to put time into researching and actually using it wisely. As long as I am going to be doing that, I may as well maximise the effort by inviting others to proxy to me.
Everyone who holds HP has skin in the game, but might not have enough time or generate enough value from their smaller stake to do the research and to maintain an up to date witness list. As long as the person doing the proxy voting is on top of the situation, it should actually result in a more secure chain, rather than a less secure chain. How many people still have witness votes set for totally inappropriate characters because they aren't up to date?
If you see me doing malicious or dangerous things with the stake then by all means raise hell. The fact is that you won't find anything more than the occasional restrained downvote from my account over 5 years. No scams, no genuine abuse.. Just a full user guide for Hive, numerous posts helping people, sharing info and generally trying to help shape Hive into a form that can both gain mass acceptance and also solve human problems at the same time.
Arguments against humans organising for shared self interest and common goals needs to be solid, but I don't see any solid arguments here - just clutching at straws.