RE: The Hive Whitepaper and updating the DPoS protocols for downvoting with a community proposal. by pfunk

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @dynamicsteemians/re-pfunk-r3p4ol

hive-110786 · @pfunk · Dec 6 '21

$2.24

The DAO funding Hivewatchers is the Hive DAO/proposal system at 105 HBD/day. 

We seem to agree on the culture-unifying potential behind a white paper, or a foundational document by another name. We almost were able to successfully defend Steem, except enough stake was in the hands of people that were not on the same page as everyone else when it came to blockchain dos and don'ts... to put it lightly. I don't know if it was that they were ignorant of what a blockchain should be or if it was just cynical greed, but it was a disappointment. 

Not long after Hive was (re)born I set out to write a guide about Hive and what it meant to be a blockchain in very simple terms that I felt could be such a document, but after writing it a bit I felt like it was tonally aimed at 5 year olds and it got scrapped.

👍 dynamicsteemians, investegg, fatman, rejicoronado, fabiarte

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@dynamicsteemians · Dec 6 '21

I love it! We are young chain with a bright future ahead of us with people/witnesses like you who care! I do think you are onto something with your guide. Maybe you can finish writing it and work with Patrice to make it more legalistic and more of an outline for how downvotes and upvotes should, I guess ethically be applied to content; such as over rewarding and what exactly that means and how specifically downvotes should be used to protect both the content creators, node operators where content is stored and of course reward pool.

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@pfunk · Dec 6 '21

$1.40

I might have shelved it because I felt like it was more marketing copy. Here's an excerpt: 

You may not know what a blockchain is, but Hive is one, and you might not even notice. That is what makes Hive incredible: seemless interaction with a global, decentralized currency and content platform.

Hive is a blockchain network, what is that?

A blockchain is a way to store data (blocks) in a way that can not be changed. In Hive, this data can be transactions (Adam sends John 6 HIVE) and content ("Here are my favorite recipes").  You have probably heard of Bitcoin, which was the first network to make a blockchain work without the need for a central authority. Hive builds upon that invention to do much more than send tokens from one place to another, and does so much faster.

The Hive blockchain is decentralized, meaning no single authority has control over the blockchain. This, believe it or not, is what gives value to Bitcoin and other blockchain currencies like Hive. If you do not need to trust a central authority, you can trust that your own balances won't be altered. How Hive accomplishes decentralization differs from Bitcoin, which gives it several advantages.

Hive Governance

The Hive network has people called witnesses to produce new blocks.

👍 dynamicsteemians, fatman, rejicoronado

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@dynamicsteemians · Dec 6 '21

This is great! I do hope patrice responds.

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2 replies