RE: The Daily Meme #826!
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Ah man the poor tax yes that does sound familiar which one was that again?
Poor tax is not how I remember it but the analogy is apt iirc.
Kinda surprised you're more vocal about this issue than 26% reduction on inflation that's a goliath change vs what we are talking about here.
I understand pulling the dao out of the inflation numbers, which does seem to be a larger impact, what my real problem is with the lack of 'community' input.
I think it's great when peoples' mana gets to 100% because they don't have time to play by the proof of brain rules.
This change breaks that concept.
One more step away of the genius of the original design.
Not that I thought the 160+% inflation was the greatest of ideas, I would have liked to see it given more of a chance.
I also miss the two payout windows.
Yes when changes like this go into effect and people like me don't even know about them until the day of the hardfork it's pretty bad. Although that's also what we signed up for: a kind of digital republic where money has the vote instead of people. Hive purposefully outsourced these changes and the ability to make them directly to the witnesses. It's an interesting experiment to be sure.
The interesting thing is that our success depends a lot more on third party builders than it does with the core group in charge. I still need to look into all the layer 2 stuff that's been put in place.
The poor tax explained.
These changes were brought to us by the same folks that gave us the poor tax.
Any more questions about my suspicious nature?
I'm to the point of saying we are still in beta, expect changes out of the blue.
Beta... indeed.
Sometimes I feel like Hive witnesses should all be full on companies that all have custom internal governance structures.
Once we get the incentives right, that could well happen.
Ah yes the convergent curve it all feels like a fever dream.
Guess I'll have to look at my own posts on that to remember exactly how that went down.
The rhetoric early was that as more people joined, the stake would become more widely distributed - but that didn't happen because DV's were used to drive people from the platform, enabling ~36 whales to continuously maintain a bare majority of stake to this day.
We were bamboozled.