RE: RE: Although subjectively downvoting posts to zero is anathema to me, the Layer 1 ability to do so must remain (for now at least)
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RE: Although subjectively downvoting posts to zero is anathema to me, the Layer 1 ability to do so must remain (for now at least)

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5y

there is no binding contract between the founders/operators of this blockchain and the individual users

You are absolutely correct. This is exactly what I am saying.

Since no such contract exits and never will. Consumers does not have any loyalty to the author/creators either. We can chose to vote what we like and how we like it.

I don't know what difference you make between authors and stakeholders

Everyone is a stakeholder. The difference is, how much stake is necessary to have a meaningful opinion in governance. Again the answer is subjective. There is no real number and its a sliding scale. I have seen people taking meaningful part in governance with 100K HP, and I have seen people taking no role in governance with 12M HP. But usually since this is a DPOS blockchain it is widely considered proportional to your powered up hive.

You can have a better understanding if you read the whitepaper.

https://hive.io/whitepaper.pdf

@azircon: there is no binding | Ecency