The Daily Meme #688!
If you have been here any time at all you know that this is only part of the picture.
The most imperative part, imo, but yet only part of where the controlling power lies in the hive.
We don't know who holds the anonymous whale accounts.
We don't know who is holding the 1/3 of hive on the exchanges that could be powered up at any time.
We can't know how few people hold even larger percentages of the hive.
We do know that some of the largest accounts have split their stake into multiple sockpuppet accounts.
Some to hide their overall wealth, some to hide the fact that they hold centralizing amounts of hive.
IF you don't like the looks of the chart below, there is only one way to change it, buy and powerup moar hive.
The people selling at spot are also the largest accounts on hive.
The more you buy and power up the more democratized the hive becomes.
If you are selling now, and are not a whale, you are killing this golden goose we have been given.
!LOL
lolztoken.com
He was charged with battery
Credit: reddit
@antisocialist, I sent you an $LOLZ on behalf of @holovision
(5/10)
50% still 'centralized', but hive still 500% better than facebook or all the other ones..
It is obviously a kinder, gentler, NWO that enslaves us than that IRL that wields tanks and drones to extract their profits, certain sure.
Don't get it wrong, hive will replace sliced bread just behind the wheel as greatest invention evah!, imo.
We just need to put a little more egalitarian into the distribution.
There are only 400m hive, that shrinks fast if adoption ever occurs.
Clearly the path leading us to here has not brought adoption to us.
Neither are the current redshills going to allow their replacement by the new redshills, and who would want that, anyways?
Not somebody primarily interested in the best interest of the whole, for sure.
And we get paid to 'voice' our opinions in public.
What is not to love?
😉 yes, it's awesome with room to improve..
Squeaky wheels get the grease.
I have been in the trenches with you, my friend. I cannot count the discussions I have undertaken on this matter, only to be lied to, gaslighted, tricked, and handwaved away. I think my favorite reply to a long fact-filled comment on this matter was from a witness that has been continuously in the top20 since I have been here, who said "We don't agree."
Just refusing to engage at all, and then using the royal we to reveal that collusion creates a unitary executive governing Hive (of course, that was back when Hive was Steem).
I have to disagree with your assessment that there is only one thing we can do about this situation, which is to buy more Hive and gain stake that weights our power. I can think of several other mechanisms, some of which have actual potential to better resolve the issue. Sadly, given the risk of another Sun dawning on Hive that will outshine our little lights on here, just as it has done on Steem, is likely an option simply being held in reserve, when the extant oligarchy is ready to fly off into that fiat colored sunset on their golden parachutes. That reality defangs almost every potential to right the ship of state running the show.
That is a reality inherent to stake weighting: plutocracy is the only possible government.
Until there's a version of Hive that weights goodwill, I reckon this is the reality we're availed. Since I am not highly susceptible to financial pressure (because I don't use Hive as money), I am particularly resistant to censorship here, and that has enabled me to shrug off the flaggotry we have both become all too familiar with.
BTW, dunno why I see the dichotomy in the OP meme, but it's a 51% attack that enables control of a blockchain, not 50% IIRC.
I find it of little import, since I am told by a whale that they have >10k accounts, and I have no doubt they have salted them with stake to divert the attention of anyone parsing the power governing Hive.
Thanks buckets for having the cojones to make this post.
Benevolent dictator is the best gov't, if you have to have one.
Corrupted dictator being the worst.
When it takes >1000 accounts to vote in a top 20 witness, and not <20, we will know our success.
The shoe I'm waiting to see dropped is the fork that cuts out all the 'undesirables'.
The coders that make all this possible finally get fed up at having their flaws thrown in their faces and abandon this project for some other.
Rather than man up and fix the friction points they throw a tantrum and turn over the board.
A behavior often exacerbated by having one's desires fulfilled a little to often at too low a cost.
'The duty of the intellectual is to speak the truth and expose lies.'
Bill Hicks
If it wasn't for the hive I would still be stuck in forum hell arguing with two diehards and a board nazi.
Metabunk, looking at you.
The anarchist forums got erased in a server upgrade wiping out years of posts that chronicled my educated metamorphoses from an-crap to an-com.
That stung for a while.
I'm still on philosophy.com, last I looked.
So, don't get it wrong, I just want to see hive's rough edges rounded off a little quicker than has been the case up to now.
As long as each of us is that dictator in a country of one, I'm in.
LOL'd
I walked away from my marriage in borrowed socks. Every family picture (oh, and my actual family), every manifesto I'd written, hundreds of inventions... gone. It was vanity that made that sting. What I really missed were my dogs, who actually loved me.
For me the lesson learned from Dan Larimer's experiment was that POS has an intrinsic whale weakness of which you speak. My guess is that now that ETH is POS, Wall Street is about to pull a Justin Sun on ETH if they haven't already. STEEM's ugly fork has turned me into a BTC Maximalist. POS still has practical uses, in my opinion, as a utility token, yet seems a risky asset.
I see it as the new wheel, or sliced bread.
Yes, the whales hold too much, but they also sell what they can, when they wake up that the old redshills are not gonna let them get set up as the new redshills and divest more, hive becomes the one stop shop for defi and defi related things.
Instead they reap the pool for more pennies when they could be getting dollars if they did the distribution in a more egalitarian way, imo.
But, that is what it is and the only way out that doesn't include dumping and leaving is to buy more and power it up.
There are only ~400m hive, every hive wrested from the whales is one step closer to really having a working product in the hive.
!LOL
lolztoken.com
He bought a warehouse.
Credit: reddit
@antisocialist, I sent you an $LOLZ on behalf of @thedrummerboy
(1/1)
Use the !LOL or !LOLZ command to share a joke and an $LOLZ
I constantly power up, however it can't be done individually, but commonly ;)
The concentration of power in the hands of a few is a concern for any decentralized community, including Hive. It's important for the community to continue to promote decentralization and transparency, and to encourage widespread participation and ownership in the network. Only then can we truly ensure that Hive remains a truly decentralized platform.
Yes, we will know our success when it takes 1000 curators to reach the first 50% of rewards rather than 20.