RE: What are your fears surrounding Hive and its tech?
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Is there a protection from people that buy influence for money on hive? I mean someone who could buy a ton of HP and start down-voting people he don't like. Theoretically, if HIVE became a true competition to some big corporation, they could easily buy enough influence on hive to make this place not fun at all, or am I missing something?
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Well it would still cost them to lease HP, even if not a lot. Actions like these would quickly drive attention to it and other stakeholders could help in countering the downvotes and in many cases vote up the victims more than they would've received before the downvotes. While most people shy away/don't wanna get involved in such drama there's plenty of stakeholders who'd step up in helping out if they see that value is being driven away unfairly on chain.
If I was trying to hurt hive and had a substantial budget at my disposal. I could for example pick a topic that most people in society generally are divided about like something about race, religion, or some political issue and attack a big group of people, down voting their posts, destroying their accounts and scaring them away from the platform. The remaining group of hive users that agree with me on this particular issue is clapping and helping me. I raise a big stink - make a bad image for the whole platform, scare a lot of people away, after a while I can change the topic, target different group and do the same. Only purely theoretical.
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That's the thing though, if your downvotes are based on attacking certain people due to race, religion or political belief it would be the giveaway to the reason of your downvotes. It doesn't matter if half the platform agreed with you, 90%+ wouldn't agree that it's reason to attack them through downvotes based on opinions, etc. There are downvotes that exist based on such things and have occurred over time, personal attacks, vendetta, grudges, etc and while most of the time they are shortlived, it causes a lot of attention towards it to let everyone judge by themselves if they are warranted or if they want to step in and counter them. This is one of those cases where it's good to have whales or some centralization of stake as they are more likely to come to the aid of whoever is being wronged.
Another great thing about hive is that all your actions are public, on reddit for instance you could have an army of accounts or users stalking and downvoting anything you post or say but no one would know except the perpetrator or an admin who just happened to look at the central database and notice such activity which I doubt happens towards regular users often. Here anyone could not just see it and act upon it themselves but also bring attention to it from the rest of the community.
again this is nothing guaranteed, similar to rewards so I'm not saying "no damage would occur" but then again users shouldn't take rewards for granted or assume that pending rewards means it's already in your pocket. With a shared ecosystem wide currency though it's in everyone's best interest to act upon and make sure that such attacks don't occur and more importantly don't keep occurring to drive people and traffic away.
I think one of the main advantages of block-chain tech is trustlessness. We should KNOW that the system is designed to minimalize abuse and not trust that the whales will be on the right side of the argument etc.
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If they bought the stake themselves they'd get a bit more leeway in what they'd do with it (compared to leasing) but not much more as in, if they're directly using it to cause harm on things most other stakeholders/community disagree with the usage I don't think they would mind to lose a little bit of curation APR while bonding together to counter the bad downvotes or bad upvotes for that matter.