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RE: Will Hive stay a niche blockchain & cryptocurrency?

in Hive Improvement4 years ago (edited)

Although I can't oversee everything, since I never really digged into the great details of what a blockchain and crypto requires to become super successful, and one of the ways I earn HIVE is through blog posts, I do agree with you the core HIVE chain shall stop distribution of funds to content. That said, the ability to reward content with token running on the HIVE chain shall be kept, ie for SMTs. Wrt blogging and monetary rewarding: I like to see tokens without the ability to exchange these tokens for other tokens or fiat money, but for incentives related to the community the token is created for. Tokens become loyalty points instead of plain money. Not sure if Social Networks experimented with such concept in mind. Another way of making sure monetary rewards go to the good content, is to instate PoB for voting. Essentially remove all auto voters. That said, even without 'official' vote bots, some users will come up with cleaver methods to create auto voting bots, even without APIs available. Just some of the reasons why I agree with you. HIVE shall stop distributing HIVE tokens to content. That said, all the 50 to 60 percent of HIVE minted every day for content rewarding, shall be used to drive the HIVE eco-system. New ways to make this happen shall be invented, and existing ways shall be thoroughly analysed and upgraded im technology as in governance.