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RE: Hive is socialist

in Deep Dives4 years ago

For those aware of Hive's governance system, you'll know that Hive is effectively a democracy which follows a set of agreed upon rules on how to distribute voting power.

Hive has a voting system but the weight of that vote equals to the stake you have in it, therefore if is a democracy is a very imperfect one, still...

Hive is not owned by any one group, its ownership is distributed to all of its users in a stake based model. That means that anyone who uses Hive effectively owns part of the network.

There are few users with most of the stake. However is true that Hive has a lot of potential in a world with a socialist model, but we aren't in that world right now, lets not confuse our hopes with the reality.

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While it is true that Hive's stake is not distributed evenly, that plays no part on whether or not it would classify as socialist or not. Hive's system is malleable and agreed upon by its users, and if necessary, can change in the future to adapt to society's own changes. Witnesses are elected and witnesses control the rules.

Hive's very existence stems from a defiance of power, people didn't want their network essentially controlled by a single person.