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RE: How do you feel removing the claim rewards mechanism ?

in #hive4 years ago

I thought that we need to claim tokens because of some legal purposes. I can't recall exactly but in the early days, when they implemented this feature steemit.inc explained it like they can't just give us rewards. We need to claim them by ourselves.

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That's a very interesting point to make and an important one at that. We wouldn't want to all of us all of a sudden have to pay a fine to the government or something just because we're not manually claiming tokens anymore. Or Hive be taken down because of such a change.

There is also an other thing to care about. How we can trust where those autoclaimed hive will go. At least when we claim we can monitor the amount that we should claim. But, when it will be claimed automatically we will forget to check that.

That's true. When we claim, we check that it's received, that it shows up in the wallet and in thememo for the wallet. If it's automatic, and we don'T check for a while, how do we check. So far, the wallet only shows so much history, and even if we use other dapps to check, it's more of a hassle.

Who's going to take hive down and how possible is that?

Some Justin Sun wannabe.

What he said! :D

It also works for taxes. Rewards auto-sent to a wallet every week is a taxable event, whereas "claim rewards" gives users a little more control in deciding when to realize their tokens.

Yet we all earn steem/hive from just holding staked steem/hive and that is just given to us so their argument doesn’t seem to hold a lot of water. Same holds true for witness rewards.