RE: LeoThread 2025-02-16 13:19
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TLDR; the hive DHF is now fully centralized. If you want to be funded, you need 35M in community votes AND Blocktrades’ personal 26M vote
If you have the community support, but not Blocktrades, you won’t get any funding
Only 3 projects currently have over 35M in community support: INLEO, Keychain and Ecency
INLEO and Keychain have the community’s backing but not Blocktrades, so we are not funded.
Ecency has both the community and Blocktrades, so they are funded.
I am not speaking out too much about this as I think it needs to come from the community - since I clearly have a horse in this race.
Having 1 person control the DHF is an existential risk to Hive. I think the Hive community should band together and petition Blocktrades to fully abstain from governance voting. As someone who maintains the core chain activities + owns 26M HP, it’s a centralization risk.
This can’t come from me, it must come from the community
Yes the first thing that occurred to me was a dictator situation. Honestly I never knew what blocktrades was. I had just read the name in passing. I was psyched we were pushing forward with funding now I'm not psyched.
Blocktrades is Dan, he runs hive core since the fork from steem
I didn't realize he was Blocktrades. I hope he realizes that we should be funded. I've been here since the fork and never heard of ecency either lol. I don't see a future for hive without InLeo
I thought it was a different dude named Dan and they basically built Steem together funded by Ned? He is actually Larimer?
Time for Hive to be battle tested again, brings memory back to 2020.
Well, this certainly seems like an invitation to examine the mechanics of witness voting. For starters, maybe witness proxies could only apply to witness voting, not to Proposal voting. Then there's capping the weight of votes...
It's hard to say what the best path forward is. I've long been in favor of BT abstaining from voting. I think it's ideal for the chain
That's the downside of POS. Something show be done about this. I think capping the vote weight is crucial