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RE: Vitalik mentions hive again - takeaways

in #hive3 years ago

To add, this is less of an issue now, as the price of Hive is cheap, and large wallets are large for a reason because we believe in this tech. But in theory, as the price starts to ballon, larger early speculators would be more open to selling large otc accounts. So right now, it's a pretty much nonissue; you're not getting any of the top wallets and nothing close to being able to do a hostile takeover. But as distribution comes in and newer large stakeholders form, this becomes a more clear attack vector.

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100% agree. Right now it's not a concern, but at some point the tech will be there and funds will have small allocations to hive without caring much about it.

A good starting point to find other defenses is Vitalik's Solution 3 in the blog. I'm sure we can come up with other ways too with enough time. But it's important to start thinking about this stuff.

Also, it might never be enough to be an attack vector, but will definitely be enough to cause some shitty governance decisions, like one bad witness or one useless proposal.

He definitely has some good ideas. the wait for forking being one.