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RE: The HIVE FREEDOM PROXY: Over $1.7M Worth of Hive Witness Votes Available For Serious Free Speech Witnesses.

in #witness3 years ago

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.

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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