RE: RE: For Hive to succeed, stakeholders need to not be completely delusional cultists
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RE: For Hive to succeed, stakeholders need to not be completely delusional cultists

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6y

Transaction speed and throughput come at steep costs to decentralization. It's laughable that it costs more to run a Hive node than a bitcoin or ethereum node. We have people running Geth nodes on damn Raspberry Pis (See https://twitter.com/EthereumOnARM). We're already seeing functionality on Hive like get_content being moved out to centralized dbs (Hivemind) and this despite negligible economic activity on Hive. It's a slippery slope. Meanwhile, ethereum and bitcoin continue to transact billions every single day. This is what I consider true decentralization, and Hive does not offer it. You probably disagree, and that's OK, we'll have to agree to disagree. I'll say, though, that you'll find yourself in the overwhelming minority.

I'd point you to this post for more details: @liberosist/understanding-why-bitcoin-and-ethereum-have-high-fees-and-sustainable-solutions

Fortunately, solutions like zK rollups and sharding are sustainable solutions that'll bring scalability to crypto without sacrificing decentralization and security.

@liberosist: Transaction speed | Ecency