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RE: What is the Value Proposition for Buying Hive?

in #hivelast month

There is no value in the proposition.
The proffer has been the same all along.
I've been restating it for most of the last 8 years.
Nothing has changed.

The proffer:

We, the ninjamine era stake, will reap the pool for all it's worth and you can have the crumbs.
Don't like it, leave.

Imagine thinking this is a viable offer to make in the market.
Imagine thinking that denying newb attractants to newbs, because you can't be assed to curate only people that don't immediately dump, is the most elegant solution.

'Oh, that is too much trouble for us.'
'Besides, we want cheap hive so we can haz moar!'
'Now we burn it instead.'

It's up to the restivus to put this nightmare behind us.
Buy more hive.
Power is as cheap as it's ever been.

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Pretty soon you'll be able to buy all the Hive for almost nothing, because you will be the only one that wants it. Until you outweigh the ~36 whales that have controlled governance completely because they have >50% of the stake, you will have zero power to govern Hive. Governance is broken, bugged from the perspective of the 'people', but for the cabal that bug is a feature that enables them to keep a 100% lock on power to govern if they maintain >50% of stake weight. As long as they completely govern the witnesses and the code, they continue to extract the vast majority of stake from the rewards pool.

Unless you can buy more than half the stake, you cannot increase your power to govern Hive. Less than 50% of the stake is 0% of governance.

I keep telling them that folks are not gonna buy in with that being the offer.

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