RE: RE: Is Hive decentralized and who governs it?
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RE: Is Hive decentralized and who governs it?

RE: Is Hive decentralized and who governs it?

We think that from Steemit to Hive we have done a quantum leap in the right direction of decentralization.

we-the-people is a witness that try to propose a new point of view about how really
decentralize the governance of Hive first using Dpoll to ask users what do they think about what to do.

The fact is that, also here in Hive, a very few people, that de facto are a closed club of whales, have too much power.
The smallest is this club, the easier is to repeat the bad experience that we all face in Steemit.

What we can do?

  • better distribute producer rewards (more to small, less to the first 20)
  • reduce the number of witness that a user can vote (less that 20!)
  • balance number of votes and power of voter creating witness rank
  • eliminate downvotes
  • ask people what to do using pools or in any other way
  • create a Proof of Activity that ranks users based on how much they produce value for Hive (the more you post and/or you vote etc. the more you go up in the rank) and use this rank to balance the VP

These are the first things to do, in our opinion.

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