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RE: Hive Blog Rewards Will Need to Go

in #reward-pool • last year (edited)

There are people here in this comment section! :)

Layer0s has formed mostly on Discord and are moving to X now. Additional layers are forming surrounding Speak and VSC currently, mostly carried by a few leaders. It's interesting how things have turned out.

There are a lot of smart people who understand STEEM/HIVE as a technology, none hates good open source technology. But some will never engage with the current governance again. There are only 20+1 witnesses and the famous Hive Watchers are still around.

Time will fly and all CEX will de-list coins without a regulatory appropriation. That will cause a tiny cataclysm for sure. Meanwhile as the technology advances, reason to keep the current L1 as main-chain decline at the same speed.

You don't have to be Nostradamus to understand that the incentives for a fork are the highest, the closer to the peak of the next bull market we are, somewhere in the next 12months. I don't dislike this layer1 version of the Hive Blockchain, but there's no reason to be romantic about software versions. Whoever gets the critical amount of socio-digital support behind them, will come out with "the best idea" and the others will most likely blurt away in the following winter season. It's a clown world we live in.

There has been disagreement on inflation, votes up/down, witness count/votes, DAO usage and private transaction for as long as I know. No reason to think that will ever change :)

What do you think?

last year in #reward-pool by
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     last year  

    But some will never engage with the current governance again. There are only 20+1 witnesses and the famous Hive Watchers are still around.

    I'm not sure what you mean by this.

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       last year (edited) 

      Those are not related directly. The lack on penetrability in the Witness system is not optimal in the current crypto industry sentiment and it would be of great benefit if more people could engage from that angle.

      Now to the second part. Hive should have been the place to birth Community Nodes. That would have been a real priority. Funny enough, now you could copy paste from X, but there's no motion. I'm fairly certain that gaming the system is part of everyones mind at some point. We're all battle hardened by the Crypto Sphere after all. The fact that there's still no proper advancement means, important people just don't want to.

      This brings me back to an idea that I've been flirting with for some time. The reward split on votes is 50/50, we don't want to make it lucrative to game the system, ok cool. And we don't want to give people the ability to completely annihilate each other or to spook everyone away from engaging.

      That would mean, the logical setup is:
      Downvotes,...

      • ...push rewards back into the reward pool
      • ...can only deny 50% of the rewards, the author part
      • ...spend upvote mana obviously stays fully spend

      I fail to see why that's not been the default. Beyond that, up- and downvoting tools should have been democratized for anyone to use with their stake.

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