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Short read. Writing inspired by experience, observations and books.
Sometimes I wonder how free is Hives's market system. What the limits are.
How I see hive accounts is no different than how I see an open bazaar. For each account they have their own bank safe, which is the wallet where HIVE is stored. None can get to it so long as only the account holder has the keys.
Yes there has been a few bank robberies or hacks here and there that managed to penetrate the security, but usually these attacks happen because of negligence from the original account owner. They failed to change their keys once a month at the least. Or they are high profile accounts and are again due to negligence and ignorance of security, they fall for a scam and give up their keys unwittingly. Other times and this is even fewer times, someone actually manages to hack it by breaking the code.
But it's the fact that it's so often attacked that it inadvertently increases the security of the chain because mistakes are learned, holes are patched and security rises for the whole as a result.
So the funds we receive, whether from direct deposit from yourself or from others, or even from deposits made through stake weighted deposit via voting on content, are safER than holding your funds in a central bank (which are doomed to collapse by design).
It is even fascinating to see how many people still trust their central fed banks, unaware that whatever amount one sticks into "your" bank account, that it is actually still yours. It's not. By their own policy, by their design, what you give to the bank is no longer yours.
I know you have access to it, for now, but it's not really yours. I don't need to explain the details of policies and statutes to show you.
If you're capable of thinking for yourself and analysing data that you receive with your humanly senses, if you can fathom logic and reason, you'll be able to tell quickly what I say is true. You probably already have and that's why you are here in these block-chains, because you'd rather be in control of your money than have it in the pockets of greedy bankers who would freeze your account for no reason at all.
Is Dpos the best system? No it isn't but is sure beats the hell out of central banking systems. At least you get to have a say how you spend it without having to jump through loops just to get your money out and spend it.
Sure you'll have to go through the waiting period but it's not like you couldn't plan ahead and powered down or have some in the hive savings for less waiting time for XYZ reason. It's not any of our business when you decide to spend what you invested or received. Of it's in your account it's yours to do as you please. Something we have all read about over and over again.
The beautiful part isn't just that we can store the token, it's the technology itself that holds the true value. The capabilities of what a Blockchain has to offer is still being scratched on the surface.
It isn't just a place to store information like a permanent library, or to have wallets or to be able to have a blog, hive still has yet to tap into robotics managed by Blockchain technology, or even develop an decentralized internet based on the tech which is something being experimented upon with other similar chains such as Bitcoin tech.
The point is, hive is still very much young and has so much to offer and could be limited only by what our imagination has for it.
Imagine being able to purchase from a vending machine connected to the hive network. You could purchase your favorite snacks or foods with hive or hbd and not have to worry about money being stolen.
Some thief trying to break into the machine to steal coins, but because their won't be anything physically there they'll only manage to break it open, maybe steal the snacks themselves but that's it. The money itself would be tied to an account somewhere else under the encryption. Directly to a hive wallet.
But by all means try to steal it because it only heightens the security features and that will benefit us all.
There is more freedom in this market than that of what the USA has for it's country. And it may be that the outside worlds view has many rules and regulations on what can or cannot be sold and that may play a part in regulations on what can be sold or bought on this chain, but when the number of users increase internationally and becomes a global phenomenon that can't be ignored, the market is open for business.
And thus brings me back to the point of your account being an open bazaar. Your account, your Bazaar, and what you put on it is entirely on you. But free to put what you want on it you truly CAN.
I said can not should. We're still humans and some have conscious enough to differentiate from right and wrong and well, that's why each account is capable of being down voted and being able to downvote.
It's kinda like having a gun. Some rather not have to use it but most still would rather be better to have it and not use it than need to use it and not have it. Because, we are humans and not all humans are good and foul characters exist.
In present times upvotes can be abused as well and are more so abused than what DV abuse is.
Just take a look at what is happening to the DHF being drained for projects that offer little to nothing back after promises.
I don't have all the evidence but I have read enough from valueplans team to suggest that they are abusing the dhf and the whales giving them upvotes to have these funds without any accountability for keeping records is an abuse towards community funds.
So maybe think twice and read thoroughly before delegating your HP to these whales and even projects asked for by other users to use the community funds.
We each need to use our HP responsibly regardless of it's weight, but yes more stale weight means more responsibility.
If you don't like how things are being ran, or how centralized hive has become, then stake up and vote appropriately to your ethic and moral values.
Thanks for reading.
Cheers.
The most vivid and most powerful dream your mind ever concocted to exist for you is the one your living in right now.
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