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RE: Feedback: Proposal: reduce Hive inflation by reducing curation rewards

in #hive4 years ago

Expand the curation window from 5mins to 1 day, make all curation on the 1st day equal.

@leofinance has gone to a pure linear curation model at 50/50. It does not matter when a person votes and one receives a reward commensurate with their voting power. Makes it real simple. All this 5-minute, 15-minute stuff, to me, is just confusing.

The drawback with this approach, as I said before, is bid bots and vote-selling will try to come back and we will need a strong down-vote force to make sure this doesn't happen.

Scammers gonna scam. It is a shame but they are here and are not going anywhere. In the three years I have been on this platform I have seen it. Shoot, Jerry even made posts on how to scam the system and he was a witness (top 20 for a while). Ethics can be taught, but being ethical is a choice. A number of witnesses had upvote bots which were totally anti-theoretical to the philosophy of the original STEEM white paper, so there you go.

I personally believe that the community tokens will end up being primary and the HIVE Blockchain Coin will be secondary. @leofinance is an example of this happening. I am going to quit chasing community tags and just focus on the content I like. Should I wish to author something, I am going to write and tag to everyone, not just HIVE. Sure, might miss out on some votes but we want to onboard more people... right? Of course I will probably make a HIVE-centric post now and again. Old Sarge needs to make a nickle.

I appreciate your take on things. I don't know enough about the politics (hey everything is politics) and all the economics but I know enough to throw in my two shekels as a low-level dolphin.

Blessings and groovy vibes my friend. Stay safe!

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Fully agree with the fact second layer tokens (maybe 1st layer native tokens as well, or hybrid?) will take over Hives role as the main value for content creators. The reward pool was never for the social aspect IMO as I said in my previous video. One reward pool will never scale, once we have millions of users, a dozen hive whales could not keep up with the curation to make it scale. Native tokens for niche communities creates endless curators incentives by their own token to find great content. Have front ends that tie in all communities as if they where channels on youtube, and you have something very special. Communities with the look and feel of their own sites (well they are) like leofinance.io but tied into a giant network like a hive.blog or peakd, that is where the magic is.

Why sure! Now we need to get folks like UplandTM that post on MediumTM to post here instead! Though HIVE can do bunches of stuff it primarily hosts blogging as you know. Time to get inclusive and collaborate with other projects.