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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago (edited)

@blocktrades This is thinking in the right direction.

I would suggest rather than remove curation rewards, build MORE incentives for investors. As far as removing "Curation" rewards, people are stating this will reduce investor confidence.

Investor confidence is already very low, and even with the curation rewards the APR as an investor is very poor compared to DEFI which is offering many times 2-10x these type of APR's(regardless of ones belief on them) this is pretty solid.

Investors would rather stake coins and earn massive yields, even if it can collapse(a bit of a sad fact).

If anyone is saying removing investor confidence will be greatly impacted by proposal thought expirement, unfortunately I believe it is already there and an incorrect statement. Not even so much of Hive itself, but that investor dollars are going in directly certain segments of this industry.

You can't have investors flocking with 8-12% apr yields(at best), and that would be only an investor having an auto bot, Unfortunately for an "investor" they would not even consider manually performing these operations in this regard with 8-12% yields(It's much easy to farm and do nothing).

Above is really part of the poor performance we have with manual curation. Large Stakeholders don't want to manual curate. I can't see this changing no matter what. Investors are busy people running other investments.

I do like the thinking, I'm not exactly sure this is the perfect combination but it's the right line of thinking.

Another consideration would be the lowering of author rewards(as strange as that might seem), this would go more in the direction to focus on Hive as a killer layer 2 solution and less about the social rewarding, more focus on Hive.io then Hive.blog, etc.

Does Hive want to be a social network killer, or the platform tech that powers them? Biggest question imho.

Thanks @blocktrades for thinking outside the box a bit here.