You are viewing a single comment's thread from:
RE: Fool Me Once, Shame On You; Fool Me Twice, Shame On Me!
I knew it wasn't over, which is why I tried so hard to warn everyone about how dangerous this situation could get. And it is not over. What people are overlooking is that with those active key authorizations, the code can be changed to trigger Power Downs, Market transactions and Transfers. I hope I'm not being too direct with you when I say that there is nothing, whatsoever, decentralized about the Steem blockchain.
Unfortunately, pure decentralization I'm finding is really hard to achieve, there is always some group of blockchain guarantors who will always have more power than the others.
But the initial principle for which these projects were born is still of great value. 😜
I think we need to learn how to appreciate centralization, as much as we appreciate decentralization. Pure decentralization is just as bad as pure centralization. Pure decentralization is why we had the STEEM/HIVE split, because on the pendulum, when we swing towards extreme decentralization, we stagnate and become disorganized, without direction. That's when a "centralizing force" comes in and begins to create order and direction, which is an amazing time for growth and innovation. We are in that phase now. Then, when we reach extreme centralization, we encounter totalitarianism, stagnation once again and that's when the "decentralizing force" returns to break up the power structure. And this too is a time of great innovation, creativity and freedom. We need to learn how to swing between these two forces in order to make good decisions about what we really want from life.