RE: I Am #AliveAndThriving Today! || #IAmAliveChallenge || Daily Off-Grid Jungle Journal Entry: Day #1072 - Exploring KYC-Free, Non-Custodial, Trustless Decentralized Exchanges and Wallets - Lower Puna, Far East Big Island, Hawai'i - Friday, July 4, 2025

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RE: I Am #AliveAndThriving Today! || #IAmAliveChallenge || Daily Off-Grid Jungle Journal Entry: Day #1072 - Exploring KYC-Free, Non-Custodial, Trustless Decentralized Exchanges and Wallets - Lower Puna, Far East Big Island, Hawai'i - Friday, July 4, 2025

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aliveandthriving in We Are Alive Tribe • 11 days ago

They are clamping down on KYC everywhere these days in coinbase now you have to tell the UK government where you are sending crypto, like a travel law for digital currency it is not a good thing in my personal opinion.
@tydynrain have the best one bro stay safe and well

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11 days ago in We Are Alive Tribe by aliveandthriving

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tydynrain 11 days ago

Indeed, I've been noticing, @benthomaswwd, and you're right, it's not a good thing at all. That's exactly why these we need to move entirely to decentralized, non/self-custodial, KYC-Free frameworks. Thank goodness that we have that here on Hive. Thank you so much, brother, I appreciate it, and very likewise, may your Sunday be wonderful! 😁 🙏 💚 ✨ 🤙

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savvytester 11 days ago

!HOPE that Hive becomes further decentralized too! 🧘‍♂️🤗😏

!LOLZ

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lolzbot 11 days ago

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tydynrain 10 days ago

Indeed, the more decentralized/distributed, the better. 😁🙏💚✨🙏

!HOPE
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savvytester 10 days ago

I wonder what you would say about the thought that the more the Top Hive Witnesses there are (from the current 20), the more decentralized Hive will be. 🤔🧘‍♂️🤯🤓

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tydynrain 9 days ago

Yes, of course, the more the better, though I think that all who run nodes should receive benefit for doing so, not only those in the top 20. 😁 🙏 💚 ✨ 🤙

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savvytester 9 days ago

All operators of working Hive nodes do receive rewards (in the form of Hive Power), though the Top 20 Hive Witnesses take about 95% of the rewards for Witness nodes. 🤔🤯 Those below the Top 20 struggle with the 5%, where the probability of each node to be selected for creating a block and getting the associated rewards depends of the votes to it (in terms of Hive Power). 🤯🤓

In other words, for every 21 blocks added on the Hive blockchain, each of the Top 20 Witnesses create their own blocks, then the 21st block is created by a "backup witness" randomly selected from the Top 21 Witnesses downwards. 🤓😏

!HOPE !INDEED !PIZZA !WEIRD !HUG

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tydynrain 8 days ago

Yeah, the present system doesn't really give much incentive to actually allocate the time, energy, and resources to set up run a node, since if a node is not in the top 20, it gets peanuts, if even that. 😁 🙏 💚 ✨ 🤙

!HOPE
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!INDEED
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!WEIRD

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savvytester 8 days ago

They say that the stakes are very high to become (and remain) one of the Top 20 Hive Witnesses, such that those at the top need to run more than one witness node at the same time (to avoid missed blocks and therefore missed earnings and more "miss" permanent record). 🤔💸🤯🤓

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lolzbot 10 days ago

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lolzbot 11 days ago

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