You are viewing a single comment's thread from:

RE: Hive core developper meeting #7

in #dev4 years ago

I think a good compromise would be not forcing people to come to vote every single day, just let the voting power go to 200-300% or remove the penalty where the lower your voting power the less powerful your votes and let people vote with up to 300-400%

I could see maybe up to 2x the voting power maybe but at the same time, logging in and checking your feed is the social part of a social media app. For better distribution it helps to have lots of smaller votes. You want people checking in every day and engaging with the content or there is no retention of users. A lot of the work done by your teams is technical which is great but at the end of the day, without users there is no point. Auto voting is a curse on the system as it concentrates the rewards among a few select users instead of actual content discovery.

Curation and engagement are two huge parts of this and breaking up the votes of larger accounts is a must. A large part of the rewards and retention problem is to much stake in the hands of too few. It gives them a lot of control over content, rewards, sps ect. To fully decentralize there will need to be a much larger spread of staked hive until we get to the stage there are 1m small accounts operating daily with a similar stake. Then you are fully decentralised. At the moment we kind of are but a few large accounts can still make a lot of important decisions by themselves.

The simplest answer is usually the best and get rid of all reward curves. That way people can vote for the content the actually like instead of trying to maximize rewards and front run a few high profile users. If your vote on a $1 post was worth the same as on a $10 post you can then choose your favorite as it cots you nothing. Simplicity is key for most things.

Sort:  

The simplest answer is usually the best and get rid of all reward curves. That way people can vote for the content the actually like instead of trying to maximize rewards

That's a point I agree on, I often find myself liking a post on trending but not voting on it just because it's already at high payout so I know I won't get optimal rewards.

See my other comment above I think you'll find some of my thoughts interesting as they relate to your post (content discovery / curation automation etc)

I often don't vote for good content as it has already been autovoted blindly and would rather share my small vote with the users struggling to earn a dollar per post. The curation rewards have never bothered me as I just see them as a bonus. For me the encouragement and retention is far more important in the long run and that will only happen with support from bigger accounts down to the smaller ones. There is no point in just voting sideways all the time as that will just consolidate the hive within a few accounts instead of a solid distribution system down through the ranks to further decentralize the platform eco-system.

I do find some of your thoughts very interesting especially on

If I had more time I would experiment with a front end / community thing with ads where the money is used to buy hive and then distributed to the authors depending on how many pageviews they have, that way at worst they sell and you have equal buy/sell pressure at best they power it up and keep it which just means more buy pressure.

As I had recently tried to bring up the subject.

https://peakd.com/hive-174578/@niallon11/ads-on-hive-blog-add-value-to-the-token-price-rather-than-take-it-away

While in the long run different apps, smt's and resource credits can add value to the system and drive the demand and price of hive. Imo that is still a long way off. Until then we need to add value to the token instead of just taking it away. BAT do this very well. Leofinance have started token buybacks and with the amount of content we create here we should be monetizing that data and putting the value back into the system. Unfortunately if we have a token where the value only flows outwards then the price will only go downwards. Its a self fulfilling prophecy as a low token price wont attract users or devs. A high token price will bring in both to work on the chain and add more value.

I often don't vote for good content as it has already been autovoted blindly ...

In these cases I often ask the author to write an additonal comment which I can then upvote to support him without increasing the curation rewards of the auto voters.

The simplest answer is usually the best and get rid of all reward curves.

At least for the curation curve ... I presented a similar idea some time ago .