Here is a tweet thread I posted in attempt to correct some misconceptions about Hive. @dannotestein is the expert, and I am just a user of Hive, but while we wait for further posts from him, this might serve as a good start:
1/ I understand your point of view, but you are missing some things! I will try to answer your points, and provide an objective overview. Hive is definitely not the perfect solution, but it should be given more credit as it is not victim to some of the points you mentioned.
2/I'll start with concessions. Hive can't store images or videos in a decentralized way, but simply text because it's cheaper. For videos, and images, the solution would be to use something like IPFS or bitTorent and then add links in hive posts.
3/Hive is not private, but pseudonymous. If a user is capable of remaining anonymous over the internet, he is capable of using hive without sharing his identity. Obviously, this is too hard for most people.
4/Now to the positives. Hive is definitely not a website/platform. The best way to think of it is as a layer 1 protocol that enables decentralized text storage. On top of that are second layers (or sidechains). Currently, the most successful second layer is Hivemind.
5/Hivemind is a sidechain that tries to decentralize social media. It is currently accessible from multiple frontends: such as ecency.com, hive.blog, and peakd.com. Ecency and hive.blog are open-source.
6/Both hive's implementation (hived) and the sidechain (hivemind) run on multiple nodes, in a typical blockchain fashion. The number of nodes is still low, but it is early days 🙂
Hivemind also allows the creation of communities.
7/Communities have their own governance. The vision is to have tokenized communities. In each community the leader/founder/owner can curate and moderate the content. If he censors too much, users can start their own communities and move. Think of subreddits, decentralized.
8/Communities already exist, but the tokenization is still in development. Each community will have its own whales dominating, but this problem is solved by the ability to create competing communities. In the end the users are king, and a whale must not drive users away.
9/As for the governance of the protocol itself (hive layer 1), it is also stake based and can be dominated by whales. In fact, Hive did have this problem when it was called Steem. I highly recommend this read: https://decrypt.co/38050/steem-steemit-tron-justin-sun-cryptocurrency-war
10/The article shows the power of forking. There is always a possibility of the network being overtaken by a huge stake, but the result is simply a dead centralized chain dominated by the attacker, while the whole world shifts to the new decentralized chain. Steem --> hive --> ?
11/Attacking the protocol requires a lot of money, as the attacker needs to become a whale and/or convince other whales to censor with him. As soon as the attack succeeds, the community forks away. The chain can be attacked infinitely, but each time attackers wastes money.
12/Once we have that security, any kind of layer 2 sidechain can be built on top. Right now hivemind is the only option, but with communities it allows every community to have the censorship, governance, and stake distribution it desires. @FinanceLeo is an example of a community.
13/@FinanceLeo have their own token and different whales than hive. Since the technology for tokenization is not developed yet for communities, their token is currently semi-centralized (transactions posted on hive). They are developing their own layer 2, in order to decentralize completely.
14/ I am simply a hive user with limited dev skills. There are lots of much better people to explain than me, here are some of them: @blocktradesus @FAarrestad @ausbitbank @therealwolf42 and many, many more whose twitter handle I don't know. You can find everyone on hive.
15/I will also write a post on your new blog with the same info I used in that thread. I hope this gets you more interested and that you can contribute to improving hive. I truly believe it is one of our best shots at decentralizing social media and freedom of speech.