Quite a few times I've been hearing Hivers mention that Hive is in control of just a few Whales who control everything and that would make Hive not as decentralized as it claims to be. Of course I also see that we have some powerful Whales that can influence decisions for DHF projects just by their vote or support certain projects they like with an auto upvote. And that is their right to do so. They have gathered their stake and can do what they want. But what kept bothering me was, the statement that whales are in control of Hive.
So, I did some background checks and calculations with the of use of ChatGPT. First I checked the number of Whales on Hive on https://hivebuzz.me/ranking . I did this by counting the HP. This isn't the effective HP by the way. A lot of these accounts have delegated some of their stake, sometimes even all of it.
I've counted 39 whales which have a total of 92,392,792 HP. That's quite a lot huh? Then I looked at the orcas on the list. These are number 40-323 on the list; 182 in total. As I didn't want to manually calculate the amount of Hive, I took the amount of the first and last one and asked ChatGPT to give an estimate of what the total amount would be (taking into account that the value for each orca needs to be between 60 and 600k). It estimated a total value of ~75.000.000
I did the same trick for the 1817 dolphins in the list. They have at least 6 and at most 60k, ChatGPT estimated a total value of ~60.000.000
This means all orcas and dolphins would have 135.000.000 Hive in total which is far more than the 92,392,792 of the Whales!
So actually the orcas and dolphins have more power than the Whales..... if they would work together...
Dolphins and orca's unite!
I remember that I read @alex-rourke a couple of months ago with the title: Fellow orca's unite! Alex asked his fellow orca's to take their responsibility for the Hive blockchain and vote for how the DHF funds are spend, which witness nodes are in the top 20 and good/bad quality content (up/down). I totally agree with his blog. But what if even make the impact even bigger by adding the dolphins too.
I think we could really make some impact as a group if we would organize ourselves and work together. Not only to get DHF proposals funded, but we could also collectively upvote posts of certain projects so they would get a larger payout.
What do you think?
I was thinking we could create a place where we discuss projects, agree on what deserves support, and then use our votes in a coordinated way. This could mean voting on DHF proposals or upvoting blogs from projects or initiatives. It's not necessary that we all agree unanimously, but it would be a way to reach a large group of middle sized stakeholders. We could for instance create a Discord channel for the discussions and/or a dedicated community where people could pith their projects. Like a bit of a shark tank, but then with orcas and dolphins 😂
Fellow dolphins and orcas; I'm really curious how you think about this subject. Please join the conversation in the comments. Drop your thoughts, share your ideas, and let’s see if we can turn our combined power into real impact on Hive.
Oh, also let me know if you don't think it's a good idea 😊
Reblogging this post would certainly help getting more attention of fellow dolphins and orcas. Or tag them in the comment section.
Friendlymoose
I'm an amateur photographer with a love for indoor gardening, craft beer, and cycling. As the owner of the Cycling Community and the creator of the Topcomment initiative, I focus on fostering engagement and bringing like-minded people together.
Check out my projects below!
Topcomment is an initiative to reward high quality comments.
For all Hive Photographers: come join our Hive Photographer Discord Channel
A weekly blog with an overview of all the photography contests on Hive. #photocontests.
Share anything about cycling in the Cycling Community