"... I see it as a very theoretical threat..."
For folks like us that did not inherit fortunes, nor run central banks that can conjure money out of thin air, this threat is indeed largely theoretical.
It is not theoretical at all on the ground, because people that can spend $100M at will without experiencing any lessening of their economic power demonstrably exist.
We also cannot reasonably fail to note the censorship and propaganda that increasingly is being undertaken by those very people on every platform extant in the world today. Given what just happened to Steem it is extremely foolish to neglect to secure Hive from such a Sybil attack immediately.
I am confident that unless we limit the influence on governance of stake, Hive will be centralized because far more money than is necessary to censor this community is demonstrably being spent to censor people today.
The central banks are creating and dumping ~$1T/day on the stock market on an ongoing basis. What possible reason can you give for that kind of financial mechanism not being used to censor Hive? Sun Yuchen did not earn wages with which he gained the funds to centralize Steem, ostensibly gaining those funds speculating on BTC.
I will not be surprised if Sun Yuchen is already accumulating a massive stake in Hive in order to do the same thing to Hive he has done to Steem. In fact, I will be shocked if he is not.
The 1/3+1 minority attack is incapable of forcing a HF, but Sun Yuchen proved that DPoS is vulnerable as presently in effect on Hive with inactive accounts votes remaining effective, and the 30x multiplication of stake weight on governance, to effect that attack with less than 1/3 of stake extant.
I hope that VP is soon applied to witness votes such that SP is depleted 100% without recharging, so that 30x weighting of substantial stake no longer enables one stakeholder to gain such a Brobdingnagian advantage over other stakeholders. Further, this single mitigation is insufficient to prevent centralization of governance of DPoS, and additional mechanisms are necessary to prevent our voices from being silenced by the CCP, central banks, or people like George Soros.
I'd appreciate hearing some ideas from you guys, who have the most experience in efforts that have been undertaken to wield excessive influence on DPoS governance, in a timely way.
Thanks!
If someone can spend $100M for fun, we will have to fork again no matter what the voting does.
It's not for fun. Censorship is a weapon. People die as a result of being misled, or for defying censors with the power of governmental force. You might recall the terminal censoring of Jamal Kashoggi not too long ago.
I have been shot at, beaten, and physically attacked with the intent of ending my life by thugs associated with crooked cops - snitches and drug dealers, and their minions. The lives of my sons have been threatened, and as a result I no longer dare publicly act to reveal specific criminal acts.
Maybe those thugs that have sought my life were psychopaths and thought it was fun, but that wasn't why they did it.
They did it to protect their money and power, and that of their overlords whom they serve. Sun Yuchen's takeover of Steem seems likely to have been done for those same reasons, rather than for fun. Since those reasons to takeover decentralized DPoS blockchains and censor their users continue to exist and apply to Hive as they did to Steem, I am certain effort is underway to do to Hive what was done to Steem.
If all we can do is fork, this community is doomed to fail.
I do not agree that all we can do is fork if someone buys substantial stake, or accounts hodling substantial stake, and it is easy to demonstrate myriad mechanisms we can undertake that can prevent mere money from seizing total control of our community.
I don't like most of them, and bet you don't either, but I am incapable of either understanding every possible mechanism that could secure Hive from such a Sybil attack, or of implementing any of them. Therefore I strongly urge discussion of potentially acceptable mechanisms nominal to prevent centralizaton of Hive governance before that centralization is effected.
We're only doomed if we don't.
I have made countless attempts to discuss myriad issues with you, and am finally going to concede defeat. If you're going to talk to the pretend people in your head, please no longer address me while you do.
Go talk to someone that said anything like the quoted line above, which you will not find here.