You are viewing a single comment's thread from:

RE: Investors 🤝 Curators

in #hive3 years ago (edited)

If for example dormant (or non-voting) accounts get 1% now and under the new system 8%, where does all this extra HIVE (HP) come from? The rewards pool springs to mind, and if so that would dilute it to the detriment of the manual (or auto-voter) curators. There are a LOT of dormant accounts out there, some of them large. I like the idea in theory, but my question remains.

Sort:  

id be interested to know if it would make a difference to amount of people currently keep their hive on exchanges and what would that mean.

Blurt has a higher interest rate. (think it comes from both authors and curators pie) not quite sure of ROI but made it easier to just delegate stake out to someone who posts and curates there.

Most of the HIVE is sitting on exchanges, we can see that from the pablo reports every day. This would involve powering up that HIVE, which makes it non-liquid and susceptible to that 13 week power-down.

I think @blocktrades indicated that shortening this is not on the agenda, though it's not been a bad move for STEEM.

It would come from the reward pool. I was told the idea that makes a blockchain action every so often, let's say 6 months, to be eligible for such an interest hike. The thing is, with the combo of a longer voting window, currently, 5mins could be 2-24 hours, this will reduce the amount autobots make and increase the amount manuals make. If we then had large accounts that didnt want to vote sit back idle, collecting 20-30% less than active curators, the manual curators would earn more. So while this may seem like a hit to the reward pool, the fact is the very same people autovoting making 20%+ atm, will have that sliced in half at the very least.