"People who have the most stake will also have the most financial interest in keeping Hive healthy."

Very true! ☑️

"This means that the people who have the most stake, in the most basic financial sense, are also the people with the most to lose."

True again! (in the most basic financial sense) ☑️

"Thus, by the logic of a logical market, they will do their best to maintain the value of Hive in the short and long-term."

I don't know, one would certainly like to think so. ❓

I think they will do their best to maintain the value of Hive in the short and long term. However, there are a couple of caveats to that. (1) So long as self-interest in gains is of paramount importance. (2) So long as the exercise of raw power to fill some internal void does not consume them and or the blockchain first. As they say, there's a reason that Cuba isn't a tourist hotspot, and it has nothing to do with the quality of their cigars. ☑️

"The dark truth is that merely having high stakes doesn't make you a better investor, gambler, or community member."

Very true. ☑️

Thanks very much for sharing your thoughts on the matter. @heretickitten, what do you think about POB? Should they experiment in governance? Should the people of that community give any would-be Kings or Potentates an offer they can't refuse (like how they did with the Magna Carta?)