The Hive-Steem Situation: Validation For Decentralization?

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We are witnessing the centralization-decentralization conflict playing out before our eyes. While no system starts out as decentralized, the key is to keep moving in that direction. Steem was going that way before the Steemit Inc stake was sold.

In this video I discuss how all of this is a benefit and the fact we need to keep pushing towards that end.


▶️ 3Speak



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6 comments
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The latest soft fork on Steem certainly seems like another centralization move.

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what do you think is a best way if someone wants to exchange steem to hive? if there is any simple way...

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I dont know. Bittrex might be a good one although I have not used it.

I used blocktrades but that is now out.

When Steem Engine gets their front end on Hive, that might be a good way also.


Posted via Steemleo

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With regards to reward-pool dilution and broad distribution, what about vote selling? Vote selling seems like it's here to stay (and probably grow). Therefore the reward pool doesn't distribute by quality content but rather to those who already have stake.

Not 100% of votes are sold, so there will be some dilution effect, but not as much as if we had a better system of rewarding good content.

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Summary:
In this video, the speaker discusses the recent soft fork on the Steem blockchain that frozen accounts of top witnesses who transitioned to Hive. The speaker emphasizes the importance of decentralization, highlighting the power of collective growth in accounts through decentralized distribution and stake doubling. He talks about the significance of developers in driving the growth of blockchain projects, emphasizing that development will attract users. The speaker also predicts media coverage of Justin Sun's actions, displaying favor towards Hive over Steem in the battle of decentralization.

Detailed Article:
The video begins with a discussion on the recent soft fork on the Steem blockchain, freezing accounts of top witnesses who switched to Hive, including accounts like Darth Knight, BlockTrades, and GTG. The speaker points out the irony of Justin Sun advocating for property rights while making similar moves. The use of a soft fork to implement these changes resulted in witness position losses for those who did not comply. This incident highlights the essence of decentralization and the risks associated with centralized control.

The speaker delves into the evolution of decentralization in blockchain technology, citing Bitcoin's journey from a single miner to a more decentralized network. He stresses the importance of distribution in achieving true decentralization, noting that accessibility to tokens without hefty investments is crucial for a truly decentralized system.

A key focus of the discussion is on the power of collective growth in blockchain accounts. The speaker emphasizes how smaller accounts have a higher potential for stake doubling and growth compared to larger accounts. He highlights the gradual progress of accounts from minnows to dolphins, showcasing the significance of consistent effort and time in account development.

Furthermore, the speaker discusses the role of developers in driving the growth of blockchain projects. He underlines that effective development is the key to attracting users and ensuring the success of blockchain platforms. The speaker also mentions the competitive landscape of blockchain projects and the importance of consistent upgrades and features to engage users successfully.

In conclusion, the speaker predicts media coverage of Justin Sun's actions, foreseeing positive attention for Hive over Steem due to its decentralized stance. The video ends with a strong advocacy for decentralization, emphasizing the need for every level of the crypto community to push for decentralized systems to avoid centralized control and potential exploitation.

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