Reasons Why Proof Of Stake Is So Important Today

It's been only a month since we started the new year but it feels like ages, so much has happened already. Every day there's something new, exciting that promises a brighter future for the blockchain. Proof of stake is becoming more and more important on the Hive blockchain, especially in 2021. If I'm hones, it's never been more important.

I'm going to enumerate a few reasons why staking is so important, leaving the most important last.

Curation - Curation is a source of earning as well as a way of helping others grow. Right now it's an 50/50 split between the curator and the author, with some penalties applied depending on the time of voting. Truth to be told, the actual curation system is not the best, the flat curation curve is more efficient and I'm hoping to see it implemented soon. However, curation is still a way to reward users using your stake and earn as well. Needless to say, the bigger your stake, the greater your earnings.

Delegation - Delegating is of utmost importance on the blockchain. Just as curation, in some cases it's a way of helping and earning in the same time. Any project could use help and by delegating, you're not only helping the project, but can also earn some tokens in some cases. It's a win-win situation.

Airdrops - Airdrops are based on stake, needless to say, the bigger your stake, the more you get. Looks like this year it's going to rain with airdrops and as I said, it's been only a month since the beginning of the year.

• Leofinance is going to airdrop not one, but two tokens based on your Leo stake.
• 3Speak - I can't find the post to give you the exact details, but I think it's going to airdrop 3 tokens if I'm not mistaken, one of which will be based on your Hive stake. In any case your Hive stake will be of utmost importance here.

Voting witnesses - Those of you who were here before the fork know how important voting for witnesses is. It's not just a vote cast and then nothing happens. It means influencing the result and sometimes it can be vital.

I've been posting about voting Leofinance as a witness, trying to move it up on the witness list, but I had to realize it's not a matter of vote lacking, it's more the case of missing Hive stake. When Leo token price started to go up, many powered down Hive to buy Leo and that shows.

GOVERNANCE - This one is the most important for me at the moment and pretty new for most of us.

Thanks to @taskmanager, we have an Archon governance system, that can be used by any tribe, community, frontend etc. SportsTalkSocial is one of the tribes that adopted the Archon governance system last week and these days we have the second voting already.

Voting is based on Governance Power (GP), which is calculated based on your stake!

source

Leo Backed Investment (LBI) has also worked out a voting system for its investors, which is also based on stake. Stakeholders have already voted on the governance model and at the end of the week we're going to elect 3 governance team members to represent our interests.

Now you may ask why I said this is the most important for me at the moment.

We're talking about decentralization 24/7, screaming about censorship on every centralized platform when abuse happens. Not long ago the most powerful man of the world (at that time) was silenced on several platforms, his accounts muted, his work deleted forever.

Today the whole world is boiling again, over what's happened on Reddit. Read @taskmaster4450's post -> The List Of Those Being "Silenced" Gets Bigger: Hive Lurking

We know what's happening is wrong, we don't want that to happen to us and we're happy we have Hive, a decentralized platform. This is all nice, but what is becoming evident is that not everyone understands how things work.

People are used to blaming whoever is at the top, at decision making level every time they don't like something or something goes wrong. They know there's nothing they can do as things are out of their hands so all they can do is complain, blame others.

That is not the case here though. We have the possibility to decide what's right for us and have the obligation to participate in decision making as it's our chain, our stake and our decision. There's no boss here, no owner, no director, no manager. It's US! We're ruling this blockchain, each of us with out stake and participation in voting!

It's easier to cash out every penny you earn here and use it for your own needs, then complain about things you don't like and blame others for taking decisions you don't like. You have the power to change that now!

This a new era that needs a new mentality!

Posted Using LeoFinance ^Beta