RE: The Risks Of Offering Token Supply For Loans And Services by themarkymark

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hive-167922 · @themarkymark · May 7 '21

> Is this what happened with STEEM?

Yes

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@themarkymark/re-finguru-zkiff)

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@finguru · May 7 '21

How are we ensuring that the same thing doesn't happen on Hive? 

Are there any systems or checks in place? Or are we relying on the community members to be fair? 

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@themarkymark · May 7 '21

There have been a few things that have been done to prevent it.

First there is no longer a entity with access to the Ninja Mine.
There is a 30 day delay on new Hive Power from voting so we have a warning if exchanges try to power up.
No one person even if exchanges colluded have enough stake to take over the chain

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@themarkymark/re-finguru-6xe2jy)

👍 craigcryptoking
👎 stimialiti, fersher

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