RE: What one thing does Hive need to thrive?
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I'm sorry to say that Steem/HIVE has never harnessed crowd wisdom. To harness the "wisdom of the crowd," all accounts need an equal say, and there must be mass (non-automated) participation for the consensus to be anywhere near accurate. Neither of the two elements used to tap into crowd wisdom can happen here.
This is easily abused by just making tons of accounts. Also what would be the point of even having stake if it would make no difference.
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I agree that it's not feasible to employ the wisdom of the crowd here. It was the blue paper that purported that 50% of PoB harnesses the crowd's wisdom. And seeing as how it's doing it incorrectly, in a system where it is impossible to achieve, the consensus is always inaccurate. That said, Proof-of-Brain needs to get redefined. I don't think it should get abandoned. We need to find a better way to get there, a way that works for HIVE.
When you realize that consensus is inaccurate because the crowd wisdom thing is getting misapplied, you might rethink some of the promoted voting tactics that are more likely to chase people away in the name of some infallible consensus. The consensus isn't infallible at all, and that's because of one failed token mechanic that was never real for this platform.
But what if mass-creating accounts for bots/etc was made impossible? Or what if there was some way of detecting and differentiating a new user, human, creating an account, from a new user, clone, created by existing user?
It's just another feature that can be redesigned.
I'm not saying it's easy. I'm just saying, maybe, maybe it's possible?
AAh.. ok, bots are not the only problem. Group of people manually creating thousands accounts would be just as problematic. So in fact it's all about a coordinated group of a few acting as if it were a crowd. Which maybe could be stopped by requiring to spent real-world resources to pay for activities (HP, RC, etc), and here we go, we get back to what we have. Alright, I give up for now. But again, MAYBE, there's some other way? Right now, I have no idea.
I know man, I know.. Every aspect related to security and restrictions is a constant battle. For one countermeasure you will soon get a counter-countermeasure.. Add to that some real situations like in Venezuela where they have to support their living by farming dollars i.e. Runespace (ref: https://www.economist.com/the-americas/2019/11/21/venezuelas-paper-currency-is-worthless-so-its-people-seek-virtual-gold), and just d'oh. Anyways, I don't blame anyone, gambling the system is still some use of a system, but I'm still optimistic and believe it can be harnessed and its impact on 'legit users' can be somehow controlled.
SOLVED.
https://ont.io/
By the way, would you mind telling me what's this little marker near some of your posts?
I had a huge break from steem/hive and still trying to learn what's changed :)
that means rewards are set to 100% HIVE-POWER-UP
SOLVED.
https://ont.io/