RE: What are your fears surrounding Hive and its tech?
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I firmly believe that there are no other coins out there that work in the same way while still keeping blockproducers hardware running cheap.
That is incorrect :P
I find it interesting/odd that no one here on Hive seems to have keept track of KOINOS/KOIN when they first decided to announce their blockchain on Hive several years ago. They launched mainnet in December and have fantastic development there so far. Compared to Hive they are basically starting at 0 (small community, only a handful of dapps, one Cex listing etc.), but their consensus of proof of burn is really innovative. They also claim to be "the first truly free blockchain" on their twitter which I first thought was not true (>Hive). But they don't have an account creation fee, so in that sense they are right.
Anyway, I would really like to have someone look deeper into it and compare it to Hive.
Also, they just announced that #splinterlands has given them a lot of $$$ to help fund KoinosPRO which seems like splinterlands is thinking about developing on their chain as well.
Their distribution idea was great but effectively rekt by the increasing eth fees at the time shooing off most "regular" people who'd mine it at home for a good distribution. Their decision to do it through eth rather than say hive was understandable considering the amount of users eth has but still failed to generate a lot of buzz to actually get a lot of unique people to mine it, I've heard and confirmed stories of people mostly mining it with amazon servers and other datacenters, some even illegally which I don't wanna get into now, but that was something thay bummed me out about it among some other things. I wish them luck and hope things go well but there's too many unfairly distributed coins out there and I stay mostly involved with hive things. The burn mechanism also doesn't seem like something innovative considering literally most Shiba copies/bsc shitcoins revolve around somw form of burning fees to transact with, I don't think that's a main selling point nor should it be but I may not know enough about the details.
That said I have respect foe the team and people involved that were part of the steemit team thus wish then well and hopefully our paths can cross again at some point to collab on making the world a better place.
okay thanks for the input. Although I have now often noticed that there are pretty big misconceptions on both sides regarding the blockchains. I would really like to see a bigger discussion here since I am involved in both projects, but lack some deeper insights. For example, is modular upgradeability and having smart contracts on L1 better than what Hive has chosen? I guess both chains can just continue to run and experiment and evolve and we will see what happens :)