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RE: RE: Is Hive censorship-resistant?

avatar of @forexbrokr
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@forexbrokr
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2 min read

Deny people "the ability to transact and influence governance on a truly censorship-resistant network"

Downvotes only influence your specific share of the reward pool.

You are not denied the ability to transact or influence governance at all because you're always free to buy and stake HIVE.

Nobody can take that ability away from you.

Prevent the ability to "spread the token's inflation and secure the network"

The reward pool is certainly not big enough to be a network security issue.

Not to mention HIVE’s current distribution - even amongst whales - is wide enough that even if a group colluded, combined targeted up/downvoting AND bought more stake…

…it STILL wouldn’t be enough to take control of the network ala Justin Sun.

With the nuclear option of forking always possible and thus financially disincentivising whales from destabilising the network in this manner.

Stop "encouraging new stakeholders"

Whales - who by definition have a fuckload of cash tied up in HIVE - have a pretty big monetary incentive to grow the network.

Hive has a LOT bigger issues than the petty reward pool squabbles we see.

The future of rewards on Hive

Every point you’ve made here is really about users losing HIVE rewards…

Not about having the network itself destabilised and certainly not about having your content truly censored.

I get it sucks to be downvoted and seeing money disappear.

Trust me, as someone who cops downvotes, I get it!!

But that’s not censorship.

It's just inconveniencing what you see as a business opportunity.

While you’re quite bearish on Hive’s future due to how rewards can be allocated, I look at things a little differently and am actually extremely bullish .

Check out my previous post on how we can maximise the value of content on Hive via layer-2.

To add to that post which primarily talks about layer-2’s ability to monetise content purely via ads, try and envision a future where layer-2 businesses take advantage of even more external commercial opportunities than that.

Content is just one way dApps on Hive can monetise their business and thus drive value to their layer-2 token (if they so choose).

I can easily picture a future where we have multiple layer-2 tokens that are all worth MUCH more than HIVE itself.

Once this happens, worrying about the monetary value of HIVE rewards like you are here, will become a non-issue.

As long as the network remains decentralised - in the not-perfect but still technically censorship-resistant way that it currently is - Hive can go to the next level.

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