RE: Vitalik Buterin VS Dan Larimer Debate Hosted By Hive

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question: Are the so-called decentralized systems 100% decentralized? How much decentralization percentage does Hive have? Are there parameters to measure it?



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that's such a good question

I think @blocktivity could make a metric of decentralization by taking into account an equation with variables including Activity Transactions, Stake based Ownership ratios, number of users, and marketcap maybe and find a number that can show us data about HOW many users at the TOP own HOW much, how balanced the distribution is and I'm sure there's some great math for that, like coinfair or https://blocktivity.info can create!

I JUST read a comment a few minutes ago on an old @dan larimer youtube video talking about how EOS before it came out, and the 20 witness/ block producer system reminded them of the Federal reserve lol and it is sort of like a decentralized federal reserve with the top 20 families, and they are all voted in by shareholders with shares distributed to ensure they all in power due to a form of paper and pen "ninja mining" back 100 years ago hah

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It is an interesting question. I am not sure if there such thing as 100% decentralization, but there should be some threshold to be at least decentralized enough to further facilitate the progress.

I will have to think and research more on this. But to give a quick answer, to derive some metrics I would consider how difficult it is for the system or network to fall under control of one entity or a group of entities. Then I would also consider distribution of influence. Combining these two I think we can come up with a meaningful method of measuring levels of decentralization.

I would categorize Hive as at least decentralized enough to keep the network secure. But in comparison to other networks, Hive would be much more decentralized.

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