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RE: Hive Value Props

in #hive4 years ago

Having half the 5% penalty for powering down going to those who are still powered up is exactly what HEX does.

When you look at HEX charts that track everything, you can see occasional spikes in unstaking both when the price was in overbought territory and also during periods of lots of FUD.

I only mention this because what you have suggested has proven to work.

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Ya, it really is a great idea. I haven't dove deep into Hex but the idea of hodlers rewards is quite nice. Gamifies it a bit, which is cool.

Ideally, we need to adjust the game theory of Hive, HEX is designed to go up,

Now Hive, there are those who get paid by the blockchain for services, and we have all the author and curator rewards. Many consider these rewards income, the sell pressure is real when the blockchain is income for many people.

So, we need to find a way to drive buying pressure, and also who gets the newly minted Hive.

If you look at your hive power in your wallet for a second, then click refresh, you’ll see the amount goes up.

This amount should only go to those who power up for 13 weeks.

Those who choose to power up with the option to instantly power down shouldn’t get any APR because they can bail anytime. This should increase relative to how long people choose to power up. (Those who power up for 6.5 weeks get half the “interest” vs those who power up for the full 13 weeks)

This is just one little example. But in the end, the game theory needs to reward those who power up the longest, and we need to find buying demand for hive. Bidbots actually created massive demand believe it or not, if there was way to use these bots “ethically” then we can really get the price of hive moving up quick