RE: The biggest risk with Hive Engine tribes is the owner

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Why would these parameters not be fixed from the outset? Is there any justifiable reason for fiddling with them later?



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These parameters are suppose to be fixed but there is an option to pay 100 BEE to change the parameters. Although I don’t think they get changed that often. I know neoxag mining changed the parameters early on.

The 100 BEE fee was to discourage tribe owners from changing economics often although they charge 100 BEE now for any change even blocking spammy tags.

I don’t think changing parameters as as big of a concern right now as it isn’t done often but potentially could result in a ninja change that changed the dynamics a lot. For example a tribe owner could remove the mining pool or reduce / grow it in the future. Like how Pal virtually removed all proof of brain and made Pal primarily a mining token.

Some changes can be pretty drastic.

In the end the real problem is these are soft contracts and are only enforced as long as they are not changed. Some things like issuing tokens are not enforced at all.

Posted Using LeoFinance Beta

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Thank you. I appreciate the in-depth reply and of course, new knowledge.

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