In this episode, I dive into why I’ve decided to step away from Hive, a platform I once enthusiastically promoted as a beacon for Web3 social networking. Here’s the breakdown:
– The Downvote Economy: I discuss @krom’s eye-opening article about how Hive has become a “downvote economy.” I’ve witnessed how established users use this system to their advantage, essentially squashing new creators and hoarding rewards among themselves.
– Decentralization Contradiction: I also cover another of @krom’s insights, where he mathematically shows how Hive’s downvote mechanism actually centralizes control, contrary to what you’d expect in a decentralized network. This has led me to question if Hive truly stands for what it preaches.
– My Journey with Hive: I share my personal journey, from being a hopeful advocate to recognizing the platform’s failure to evolve into a fair, decentralized space. Despite my efforts to push for change, the system seemed rigged to favor the ‘Hive oligarchy.’
– Conclusion: I stopped promoting Hive because it feels like endorsing a system that’s more of a pyramid scheme than a community-driven platform. I urge listeners to look for alternatives that might better embody the principles of decentralization such as Blurt
Links discussed:
– https://beblurt.com/@khrom/79o56x-the-downvote-economy-how-to-steal-the-value-of-someone-s-work-and-get-rich-off-their-efforts
– https://beblurt.com/@khrom/5smqz7-why-downvotes-contradict-decentralization-a-mathematical-perspective
– https://peakd.com/hive-173575/@theringmaster/hivewatchers-thinks-i-m-some
Visit the site – https://libertybytes.online/
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Follow me on X – https://x.com/unkle_bonehead
Email me at unkle.bonehead@libertytunes.org