Decentralizing Infrastructure And Tokens
We have been covering this some and, in light of what is taking place with regulation, it is something that should be at the foremost of our minds.
In this video I discuss how we need to keep building redundancy within the Hive ecosystem, especially as it applies to the coins. We need to spread both HIVE and HBD out, to really create DeFi.
▶️ 3Speak
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Ecency has an internal market front-end (its own version, not the one from hive.blog). I forgot about it, but someone reminded me of that.
Good to know. That is helpful. I dont use that app so I dont know what it has.
Glad to see it. Hopefully more follow suit.
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The further we can spread the power, the more power we will ALL have. God help us all, the government is gonna get a taste of anything we try to do when it comes to making our own lives better.
They are the ultimately target of disruption. It is a long way until we get there but we have to keep working towards it.
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Summary:
In this video, Task discusses the ongoing debate between centralization and decentralization within the cryptocurrency space. He emphasizes the importance of decentralized infrastructure, looking specifically at Hive and its governance token, high power. Task highlights the significance of token distribution across various countries to enhance resilience and prevent centralization. He also touches on the vulnerabilities posed by centralized exchanges and the need to shift towards decentralized finance (DeFi) and decentralized exchanges (DEX) to counter regulatory threats. Throughout the video, Task stresses the necessity for building resilient and decentralized systems across all layers of the blockchain to protect against potential threats from major players such as governments and big corporations.
Detailed Article:
Task delves into the discussion of centralization versus decentralization in the realm of cryptocurrencies, focusing on key aspects like governance structures and token distribution. He mentions the research conducted by other influencers like CTT (Crypto Talk Tuesday) and "TheyCallMeDan," who analyze governance, the Hive platform, Ethereum, and coin voting. Task acknowledges their in-depth analysis and defers to their expertise in these areas.
Highlighting the significance of infrastructure, Task specifically looks at Hive's decentralized core infrastructure based on Delegated Proof of Stake (DPoS) consensus mechanism. He mentions the removal of ninja mine stake and the shift towards a more decentralized model, which strengthens the base layer of the platform. Task elaborates on the token distribution methods within Hive, emphasizing different ways users can earn Hive tokens through content creation, curation, staking, and participation in the network as validators or block producers.
Task emphasizes the importance of geographical diversity in token distribution, stating that spreading the token across various regions helps enhance decentralization and resilience. He stresses the need for widespread participation in Hive's network, advocating for a global community of witnesses, block producers, and validators to prevent centralization.
Moving on to the vulnerabilities associated with centralized exchanges due to regulatory pressures, Task discusses the importance of transitioning towards decentralized finance (DeFi) solutions and decentralized exchanges (DEX) to mitigate these risks. He underscores the need for building decentralized infrastructures like SPK Network's decentralized node system to offer more resilience against potential regulatory threats.
Task also talks about the power of derivatives within the cryptocurrency space, mentioning tokens like p-hive and beehive on different chains like BNB and Polygon. He suggests branching out to different chains like Avalanche and maintaining a diversified presence to safeguard against vulnerabilities in centralized systems.
Discussing the need for redundancy and decentralization at every layer of the blockchain, Task emphasizes the importance of protecting URLs and files across various servers to prevent shutdowns. He highlights the necessity for multiple front-ends accessing blockchain features to increase token distribution and value creation.
In conclusion, Task stresses the critical importance of resiliency and true decentralization in the face of potential threats from major institutions and governments. He calls for a collective effort within the cryptocurrency community to build robust, decentralized systems at every level to safeguard against centralized control and ensure the long-term sustainability of blockchain networks.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.