Vitalik Buterin Does It Again!!!

Just few minutes ago Vitalik shared on Twitter his latest blog post on the topic of "Coordination, Good and Bad". It is a long, detailed and interesting post. Everybody who is curious about blockchain and game theory around it should definitely read it. I am writing this to share the post, not necessarily to share my thoughts on it. This topic is above my pay grade. Here is the link to the post:

https://vitalik.ca/general/2020/09/11/coordination.html

I am pretty sure Hive community will welcome once again, Vitalik's use of Hive and its struggles against Steem hostile takeover as an example making his case for decentralized systems. Here is a quote from his post:

If a system gets taken over by a harmful coalition, the dissidents can come together and create an alternative version of the system, which has (mostly) the same rules except that it removes the power of the attacking coalition to control the system. Forking is very easy in an open-source software context; the main challenge in creating a successful fork is usually gathering the legitimacy (game-theoretically viewed as a form of "common knowledge") needed to get all those who disagree with the main coalition's direction to follow along with you.

This is not just theory; it has been accomplished successfully, most notably in the Steem community's rebellion against a hostile takeover attempt, leading to a new blockchain called Hive in which the original antagonists have no power.

I hope you will find it interesting. Also, if you are on twitter, see if you can show some gratitude for Vitalik's continuous support and creating more awareness about Hive.

https://twitter.com/VitalikButerin/status/1304622748585488384?s=20

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