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@valued-customer
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Reminds me of the old phrase 'bull in a china shop' (forgive that it's both racist and sexist). It illustrates that power combined with incomprehension lays waste to useful development and production.

I do completely agree with you on the points you make here. However, there is one more point that seems useful to consider about the whole event, now that most of us have perspective afforded by being on Hive, where the founder's stake isn't available to be sold to become such a destructive force.

China shops shouldn't have barn doors. DPoS is a barn door.

The folks that had their stake stolen on Steem retain it on Hive, and while that's a good thing, it also reveals that governance remains vulnerable to large concentrations of stake, or collusion from such accounts with very large stakes. While they do certainly have both the right and the power to agree with each other and govern themselves and their stake as they will, there needs to be functional limits on what they can govern solely based on stake, or power becomes nothing more than a marketable commodity.

Dr. Evil could rule the Hive just by buying those stakes, just like he did on Steem. The only difference is that on Steem he only needed to buy one stake.

There really does need to be an additional factor necessary to govern Hive besides stake, and I think no one better should understand this than those who had their stake stolen on Steem, because that's how it was done. Someone with more stake than them just took what he wanted, and it was theirs. I dunno what it is we should mitigate stake with, and I hope those ~65 accounts give it thought.

Perhaps they can come up with ideas I haven't to protect their stake on Hive that are just as applicable to protecting the stake of all of us, because right now, except for some technical tweaks Hive is just as vulnerable to that Sybil attack as Steem was. Rather than code tweaks, sound principles should be the foundation of the security of our stakes, and our Hive IMHO.

It's been the SOP to revile @ned, and there's some reason to be disappointed he didn't do more when leading development of Steem, and that he sold. But before he sold he didn't do with the stake what Sun Yuchen did, and he didn't do it for years. He also conveyed a governance vision of Steem that mitigated stake using oracles, which would limit people to influencing governance to one account, which would add a layer of human presence to governance rather than just tokens. Not everything he did was pure evil, is all I'm saying, and perhaps 1a1v is potentially something Hive should very carefully consider as a means of keeping all our stake, and Hive, secure from the barn door of DPoS.

Thanks!