Decentralized Securities Exchange Commissions (DSEC)

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(Edited)

Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

https://www.investopedia.com/terms/s/sec.asp

Hive and other tribes in hive are in the early development. Before I continue to the topic, let review the past of hive. Hive was hardfork of steem. Steem in the early development was the pioneer social media blockchain. All stake holders were proud of the platform. Yet, the growth of steem made chaotic issues like downvote wars, and vote selling.

chaos.jpg

What do you think if all drivers want to move first, there will be chaos

Those chaos made steem stucked. Though some developers tried create some dapps like hive engines with steem smart contracts, economic issues did not stop. The worst situation when Justin Sun bought steem. ( I mean bought high steem power). With his tricks, he could gain top ten witness so he could control the platform. Finally, the decentralized movement in steem decided to hardfork.

Hive was born. All were happy with the born baby. Under the flag of decentralization, the developers continued to create some projects. Some tribe also made successful goals like leo, neoxian and other tribes. Diesel pool with swap exchange locked million token assets.

As the platform grows, more people joined hive. Because no leadership in this platform, then there were small groups of community of interests in hive.

All groups or communities have their own rules. Most group discourage selling votes but others do not matter. A group that charge 50% beneficiary should fight against most stake holders in hive because charging 50% beneficiary is like selling vote. However, the group has alibi. They said that 50% beneficiary was for training and development. Here are there two perspectives that can not be united.

Downvotes are the last actions by some stake holders. I am afraid if the group that earns downvotes will revenge with their supporters. What happens then? This platform will collapse. I say " Old steem culture brought back to Hive".

Decentralized Securities Exchange Commissions (DSEC)

This platform needs decentralized governance. It is different from centralized platform. I will not talk about decentralized governance in general but I will focus on securing value of hive and all assets.

Securities Exchange Commissions has clear job description so that Decentralized Securities Exchange Commissions in hive also have clear job description too. To make DSEC, all stake holders should sit together. All parties that pro and contra to all rewards and economic issues have to offer their schemes in economic and finance decisions.

When all have met an agreements, Decentralized governance in hive should fund to developers to apply all the consensus in hive machines. If it is not possible, there should be some accounts or bots that protects the consensus from violation.

I know that some bots like hive watchers and others have the same function to control the smoothness of hive network. Yet, we can see the fact that the early chaotic issues appears in hive.

Proof Of Brain

Proof Of Brain is new for me. This community looks so serious to build this platform. Some authors and stake holders worried with the economic issues like reward schemes, voting systems and other issues. I expect that the team behind proof of brain should prevent the situation that are not conducive in the future.

POB Decentralized Securities Exchange Commisions (POB-DSEC)
It is very possible for POB team to reach agreements among stake holders to protect the value of POB token and economic ecosystem. Why POB? Because the platforms has no large stake holders that are in conflict. It is easier to reach an agreement. After that, POB should implement the agreement in the platform technically. If technical theory is impossible, POB can select the members of stake holders like POB representatives to monitors the POB tokens. The representatives become members of POB-DSEC. Those members should be supported by POB funding.

All the agreement to protect the value of POB token should be publish in the platform. All members in this community should follow the rules. There are some mechanism the punishment and rewards. All the rules are to protect the economic ecosystem and the value of POB token.

Thanks for reading, I hope my little contribution with my ideas will bring this community one of the most outstanding community in hive.
Thanks for reading , Vote if this post has value and follow me @lebah I will follow you back!


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I find this idea very interesting, although I'm not sure if this is the right moment to start a DSEC. You can see in this post most of the things we are discussing right now, and one of them really resonates with what you are proposing. We talked about the possibility of a POB-governance, that will be funded by the pob-fund (you can read about it here)

Overall there maybe a time when this comes to be necessary, so thanks for sharing in advance. I'll like to call @caluman, @allcapsonezero, @madstacks and @vempromundo.pob to read their opinion about it.

Thanks for bringing this to the table!
Keep posting and keep shining!


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Cheers for the tag @fireguardian, great post here for potential discussion. I'm going to get some rest before I comment @lebah, but I'll be back to share my thoughts. Nice work.


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I have some ideas about what can be implemented, but these are things that I believe that in the short term would not be implemented now, so it makes no sense for me to focus efforts on something that would have no sense at the moment.

  • I find it interesting in the front end of the wallet, to show up if the person has pending or completed purchase or sale orders. (I don't think it will happen)

  • A note on the profile according to pre-established requirements. Post via the front end. Interact with other authors through comments. It has more stake than withdrawal of the coin. All of these situations and more, generate a final grade, which according to this grade is easy to know how much we think the person deserves to earn a reward, so that when it comes to voting to better calibrate the vote. We were able to identify users who are still small, but contributing to the community, and others who are large, but are not collaborating with the community.

There are other ideas, but I think that neither the ones mentioned above, nor others that I could explain will be implemented in the short term.


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Thanks for the response, hope my small contribution can be an inventory for the future.


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Thanks , keeping the platform organized will keep the value of POB


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