Quote from: ABCbits on Today at 08:05:51 AM

Hive Network/Blog[1] would be better example than Steemit due to past hostile takeover[2].

[1] https://hive.blog/
[2] https://cryptoslate.com/big-exchanges-conduct-a-hostile-takeover-of-steem-blockchain-following-tron-acquisition/

That last quote on the news website hit really hard:

Quote

“The depositor may have a ‘balance’ at the exchange, but do not have rights on that blockchain. They exchanged that right for a paper guarantee, all for the purpose of speculation. If they had cared about the stake, they would have demanded that within their paper exchange.”

In reality there are only a few people holding the coin (any coin - even Bitcoin) who actually care about consensus, community, voting, governance, etc.

The rest of them are "number go up" people who do not care better and would rather these exchanges have all that bargaining power in return for the privilege of storing their money on a centralized (yet "convenient") point of failure.

I would go on but I don't want to take the discussion off-topic.