Yes but the reality of the situation is i'd still call that a potential security risk. If i wanted to invest a billion dollars in the hive ecosystem. I don't think it would be of much comfort to anyone to say that whereas it's possible 16 witnesses could colude.. it's likely they won't
This kinda pulls us further from decentralization. i'm not saying that should stop people from investing. I think people should invest if they like the product and get value from it.. however i see why if i was the head of some institution or perhaps just a very wealthy individual why i would'nt trust any of that especially after watching the justin sun situation and i fully understand all the details of that. However the point remains it happened under certain circumstances where a very very small group of individuals got to make really big decisions.
the way you all have set up your money systems to trump governance is a problem as the commentors have brought out. People in crypto like Vitalik see this as a great security issue.
Over at bitcoin myk which i know is going to prove many of you wrong. Our governance model is based on group community votes.. So it's not governed by money but activity. We can through algorithimic data tell who's drawn to what groups and those groups will have the vote power to make decisions.. Even if you have bad actors that would likely still represent the overall goal of the community. The problem with money men is that the guy with the most money can trump over the decisions and will of the community so i don't agree with that.
That's why i'm confident that eventhough for us it's going to be a very very slow process not one for gamblers or daytraders.. I'm confident our model will just end up being a better model in the future that makes better sense to people.
i would not invest alot of money in hive.. if i had alot of money i'd power down and keep some in but not the lion's share. the lion's ahare would be on more secure networks like ethereum or some ethereum fork or bitcoin.
I know you guys don't like that but take comfort in the idea i have brought products like bitcoin myk and bbd here that as a second layer solution and being multichain may give some of the advantages of hive without risking the security of one's pocketbook.
that is because if you wanna engage in a hive like system you can still conveniently move your coins to other wallets and chains while not being pushed put of your hive experience. So things like that may be solutions for the future @taskmaster4450
So it's not that i'm anti hive.. i think social media is the answer it's the oil of the 21st century but i think hive willfully ignores it's problems even the people who understand the technicalities but what you all do is much like a business that would dump toxic waste to avoid a 10k dollar fine.. you all just destroy the resources of this ecosystem without addressing the issues that can perserve and grow the network..So at this point it's either about just bury your heads in the sand or it's an impotence to you all can't fix it.. whatever the case is. At some point you all have to come back to bitcoin myk and bbd coin
@themarkymark
i have the patience of job marky mark. you will have to face me lol
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