Phew, lucky we're not a centralized blockchain where one entity controls the blockchain.
Also no Korean investors got ripped off from their funds. They have all their funds. Well, unless some korean users got frozen in the latest Steem soft fork.
You seem to have a very weird viewpoint on "truth".
If they wanted to centralize the blockchain, no reason why they should get an airdrop when the point is to prevent centralization. Expectations are not promises. I do understand that some people are let down when their expectations aren't met, but hopefully they'll realize it's only their expectations which failed them.
it would be nice to see the blue/red divided between different kinds of accounts,
The exchanges who don't vote are a little different from users who are active on the platform. Also I don't understand the steem.dao but it's not exactly a regular large account. This chart is a little informative but it can also be a bit misleading if it's not more specific.
you don't have to target individuals, but after you account for the exchanges like binance, huobi, bitrex and upbit, I feel like there is probably much less of a problem.... I'm not so good at math though
Maybe include the powered up exchanges next time you want to make a worthless pie chart.
But even with those numbers included, having 272 accounts controlling 67% of stake doesn’t seem frightening to me. Is there a comparison to other PoS chains? Or just data without context being portrayed as “bad?”
Very interesting. For advocating a proposal, perhaps it makes more sense to find these people on discord or whereever they normally are, rather than posting.
If one wants to advocate for something that requires Steem power, such as supporting some proposal, the economics favors instead putting effort into finding these hundreds of whales rather than putting effort into an attractive post. I was not thinking about how this could be used to do things that benefit an individual at the expense to all the other users of the Hive assets, like for example the sale of Steemit to Justin Sun, evidently this happens already. I would be a fool to think big whales are going to find my post. It's better to write things like this perhaps in comments if they are actually active and answering, but if they instead spend more time on twitter, twitter is where to do it.
Their Steem is still there, so not sure how they got ripped off. Was it because they weren’t given something that was brand new that they didn’t meet the requirements for because they supported an ideology that went against everything Hive stands for?
This is not a case against Hive, but against stake-based voting.
It'll likely always be the case that only a minority of the userbase will choose to invest significantly in a platform like Steem, Hive or any other stake-based platform. Thus, it will always be a case that a small percent controls the reward distribution as long as stake-weighted voting is used. Unless the total userbase is really, really small.
And I don't know where you get the 274 400 active accounts from? When in practice there are way, way, way less active users on both chains. This results in your charts showing a very skewed and false image.
Right. And just how many of them are dead accounts from Steem?
Hive is fairly well distributed compared to most blockchains imo. But I'll grant you that it is still shit if you want to sell the idea that rewards, funding and trending is generally decided by "proof of brain" and "community consensus".
But again, that's not going to be exclusive to Hive but rather any stake-based voting platform.
Thank you for highlighting that Hive's top holders are decentralized over 272 accounts versus Steem leaving a single person in charge. I would be interested to see a comparison of Steem's breakdown to this to get the full picture of who is more decentralized via staking.
I'm comparing Hive to Steem because they are the closest networks to compare to. You could also compare Hive to other dPoS chains and I'd be very interested to compare those for distribution.
Comparing to Bitcoin is silly and you know this. Bitcoin is the most decentralized cryptocurrency there is. Of course Steem, or any dPoS system, will not compare to it. The dollar though? It's more centralized than Steem so I'm not sure why that was included.
The guy comparing the dollar to actual distributed networks is calling someone else an idiot...
I wish we could have had an actual debate about stake distribution in dPoS networks. I guess that wouldn't go well with the narrative of this post so I don't blame you for backing down. Hope you have a good day!
People are very emotional. Centralization is allowed by populations of individuals. Individuals are not binary and therefore decentralization is not binary. Most things in this existence are varying shades of gray.
I enjoy reading about the differing viewpoints that everyone has on this post though. I have followed many of you. I hope to learn something from each one and become a dev someday.
Phew, lucky we're not a centralized blockchain where one entity controls the blockchain.
Also no Korean investors got ripped off from their funds. They have all their funds. Well, unless some korean users got frozen in the latest Steem soft fork.
You seem to have a very weird viewpoint on "truth".
If they wanted to centralize the blockchain, no reason why they should get an airdrop when the point is to prevent centralization. Expectations are not promises. I do understand that some people are let down when their expectations aren't met, but hopefully they'll realize it's only their expectations which failed them.
We must live with the decisions we make.
it would be nice to see the blue/red divided between different kinds of accounts,
The exchanges who don't vote are a little different from users who are active on the platform. Also I don't understand the steem.dao but it's not exactly a regular large account. This chart is a little informative but it can also be a bit misleading if it's not more specific.
Thanks for sharing though, I reshared
you don't have to target individuals, but after you account for the exchanges like binance, huobi, bitrex and upbit, I feel like there is probably much less of a problem.... I'm not so good at math though
thats a tough one cause he's really active on the platform.... up to you
Binance and huobi were active that once, i doubt they'll do it again after the backlash. But alright
Blocktrades is different since they are not custodians of funds. So the account should not be excluded.
Maybe include the powered up exchanges next time you want to make a worthless pie chart.
But even with those numbers included, having 272 accounts controlling 67% of stake doesn’t seem frightening to me. Is there a comparison to other PoS chains? Or just data without context being portrayed as “bad?”
Is this data for Hive or Steem?
It would be cool to see the two distributions side-by-side.
Haters gonna hate. Maybe if you weren't failing so fucking hard at the game of life you'd actually be able to afford some stake.
But, you don't.
So instead you write posts on a chain that you claim to not be able to stand or want to participate in.
Your life is pathetic.
Whiny bitches gonna whine.
https://peakd.com/dtube/@netuoso/a-random-post-a-look-into-the-creator-of-dtube
I think this is good information. Are you able to dive any deeper with the active accounts. Only about 10,000 accounts are actually active on Hive.
https://hive.blog/hive-133987/@penguinpablo/daily-hive-stats-report-wednesday-april-8-2020
Hmm yeah, those numbers really makes you think twice about if Hive is truly decentralized.
I'm under no illusion about it, but I hope it's still possible...
very interesting!
@tipu curate
Upvoted 👌 (Mana: 21/28)
I supose these are as peecent of the total accounts 1.3M .... while active are somewhere between 10k to 30k ....
The first post I did on Hive was about stake redistribution .....
The top 3 accounts stake steem, vs hive ... more here ...
https://hive.blog/hive/@dalz/my-first-pies-on-the-hive-or-stake-redistribution-after-the-hive-hardfork
Very interesting. For advocating a proposal, perhaps it makes more sense to find these people on discord or whereever they normally are, rather than posting.
You just made my argument for me. Why are you disagreeing?
If one wants to advocate for something that requires Steem power, such as supporting some proposal, the economics favors instead putting effort into finding these hundreds of whales rather than putting effort into an attractive post. I was not thinking about how this could be used to do things that benefit an individual at the expense to all the other users of the Hive assets, like for example the sale of Steemit to Justin Sun, evidently this happens already. I would be a fool to think big whales are going to find my post. It's better to write things like this perhaps in comments if they are actually active and answering, but if they instead spend more time on twitter, twitter is where to do it.
The value of Hive just had it's own halvening with respect to BTC. It seems what I save in tx-frees I lose to inflation.
What happen to your promise?
“Korean investors funds that got ripped off”.
Their Steem is still there, so not sure how they got ripped off. Was it because they weren’t given something that was brand new that they didn’t meet the requirements for because they supported an ideology that went against everything Hive stands for?
You are an idiot.
This is not a case against Hive, but against stake-based voting.
It'll likely always be the case that only a minority of the userbase will choose to invest significantly in a platform like Steem, Hive or any other stake-based platform. Thus, it will always be a case that a small percent controls the reward distribution as long as stake-weighted voting is used. Unless the total userbase is really, really small.
And I don't know where you get the 274 400 active accounts from? When in practice there are way, way, way less active users on both chains. This results in your charts showing a very skewed and false image.
Right. And just how many of them are dead accounts from Steem?
Hive is fairly well distributed compared to most blockchains imo. But I'll grant you that it is still shit if you want to sell the idea that rewards, funding and trending is generally decided by "proof of brain" and "community consensus".
But again, that's not going to be exclusive to Hive but rather any stake-based voting platform.
I had about 6 HP, not even enough to post. Limited Resource credits. Wonder where I stand.
thanks
Oh shut the fuck up.
How many of those accounts are active? How many are simply spam accounts? Nooganoo probably has a 1000 accounts to his name.
Skewing numbers to fit your narrative as always. Go beg Justin to vote you back in.
Thank you for highlighting that Hive's top holders are decentralized over 272 accounts versus Steem leaving a single person in charge. I would be interested to see a comparison of Steem's breakdown to this to get the full picture of who is more decentralized via staking.
I'm not saying that Hive is decentralized. I'm saying it's more so than Steem. Please prove this statement wrong.
I'm comparing Hive to Steem because they are the closest networks to compare to. You could also compare Hive to other dPoS chains and I'd be very interested to compare those for distribution.
Comparing to Bitcoin is silly and you know this. Bitcoin is the most decentralized cryptocurrency there is. Of course Steem, or any dPoS system, will not compare to it. The dollar though? It's more centralized than Steem so I'm not sure why that was included.
The guy comparing the dollar to actual distributed networks is calling someone else an idiot...
I wish we could have had an actual debate about stake distribution in dPoS networks. I guess that wouldn't go well with the narrative of this post so I don't blame you for backing down. Hope you have a good day!
People are very emotional. Centralization is allowed by populations of individuals. Individuals are not binary and therefore decentralization is not binary. Most things in this existence are varying shades of gray.
I enjoy reading about the differing viewpoints that everyone has on this post though. I have followed many of you. I hope to learn something from each one and become a dev someday.