RE: Another Hostile Takeover

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So, you just misspoke? You really have no understanding of why the direct control of governance by the largest stakeholder(s) is bad?

Neither have you any comment regarding how the weighting of witness votes enables an oligarchy to maintain control by electing an entire slate of witnesses is contrary to decentralization?

I am not sure I believe that, but since you are demonstrating that lack of understanding, I'll grant it is the case.



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8 comments
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Or it could be a case of not wanting to show the thief the combination that opens the safe.

I guess we'll never know...

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Just have enough money is hardly a sekrit.

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I gave you nothing. From that you've come up with all kinds of conclusions, based on nothing. And now you're guessing.

I'm not confident your plan to take over Hive will succeed.

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"I'm not confident your plan to take over Hive will succeed."

It already has. Your failure to understand does not mean reality is incomprehensible.

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"My failure to understand."

What do I not understand?

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You seem not to understand that Hive governance is controlled by exactly that means. That's why witness votes are weighted as they are, and we can't throw our support behind one, or a few, witness(es) as a group of plebs. Whether it's 100 phat stacks agreeing to support a slate of consensus witnesses, or one phat cat buying the Founder's stake and doing so alone doesn't change the mechanism.

We can only vote in a consensus of witnesses because of how witness votes are weighted, and the hoi polloi cannot counter the oligarchy by infiltrating dissenters into the consensus.

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You are correct but remember most hivians are retards so they can't see how vulnerable they are using a system like this.

Posted Using LeoFinance Beta

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