RE: Hive Is Outside The Reach Of Regulation
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a) Pirating torrents and violating intellectual property laws is illegal.
Yet people still did it anyway an only the top 0.01% were prosecuted.
Crypto is even harder to make illegal than torrets.
b) Hive has more than 20 nodes, and if the network was under attack like that more and more users would boot up a node to keep Hive running. Top 20 witness is a very high paying job, and if the original top 20 get shut down a new top 20 immediately replaces them. It would also be highly unlikely that all 20 nodes would get shut down at the same time, in addition to "3 letter agencies" only having authority within the borders of the United States. We can just put the physical servers in another physical location.
Thanks for these spot on answers, @edicted!
At the end of the day, the vigor of our resistence will most probably be proportional to our fighting spirit, and the balance between what we'll have to earn and to loose.
Yes, crypto cannot be illegalized, in our minds nor in our practices, once we all agree that the Hive and the HBD's collaterals, for example, are the infinite creative and social potentials ("human capitals", if we want to reuse that terminology) our platform is channeling and structuring like a wealth catalyst. Hence our coins and tokens are much worthier than any fiat relying on a dying political and financial Ponzi scheme.
With such patterns in our minds, I totally agree that we’d go on using our tokens if a crypto prohibition strikes in the US (and probably, in such a case, in the European Union, Australia, the U.K., and other OECD member States). I’ll for sure continue upvoting Hive quality posts, power up my account and convert a part of my HBD to satoshis, directly usable here in El Salvador for our daily purchases.
What I’d like to contribute to is to raise other Hivers’ dispositions in that same direction. For sure, nothing will change in our platform’s use if a State decides to prohibit the Hive and HBD transactions, so let’s « train us » and our whole Community for such an eventuality, boosting and multiplying the HBD use cases to buy products and services on a daily basis, to avoid having to perform a cashout to the USD, the euro or the British pound – that off-ramp being a high vulnerability point ; to grow the vision that something illegal may be extremely legitimate and even more : utterly fair ; to build Hive as a « by design civil disobedience tool », etc.
We know that pillar Hivers, like you @edicted and @taskmaster4450, have been dedicating to that for years now. I’m just wondering which percentage of the « average Hiver » would react to a cryptoban (i.e. all banks cutting off any cashout option, centralized « social » platforms like Facebook, Twitter, etc. deleting all posts including the keyword « Hive », etc.) with the mindset we share, and using the tools we’re aware of.
Let’s go on educating ! :-)
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These were exactly what my thoughts were in regards to general cryptosphere. HIVE among them is one of the best decentralized and most antifragile of cryptocurrencies.
!PIZZA
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