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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago

did i got this right?
you stake, curate, vote get rewarded (amount) = you own hive, do nothing, get rewarded (amount)

most will chose the you do nothing, get rewarded option.

what happens with creators/authors?

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Not exactly. The current situation is "you stake, you auto-vote (essentially doing no work)" and you get the highest return. I'm just looking for ideas on how to change that.

I don't think it impacts creators/authors directly, unless we make a change that positively or negatively affects the coin price.

As much as I'd love for this to change, I think to be honest it never will as it stands -- I'll try to break down my thoughts a bit more here:

Even if a person sees Defi and foolish and not sustainable(it will have all the attention for a bit here in the coming 1 year).

On Defi you don't do anything. It's going to be hard to tell people that they have to perform manual operations, to earn 1/10th the APR at best.

Unfortunately I can't seem to get past this regardless. So its a good thought, to figure out a system where we can remove auto-voting and more on manual. It's a hard one, and kudos for Blocktrades to start the conversation.

Well, the only way I think that can be done is by getting manual voters 20-50% yields. Which is a nearly impossible, as anything can be gamed on a front-end operation. So we sort of have to rule that out.