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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement • 5 years ago

Couple Ideas:

  • Make downvotes blind. More people would downvote more because they wouldn't fear as much retaliation.

  • Make is so anyone set up with a voting bot or trail automatically receives less curation returns. Isn't there a way to see all users who participate?

  • Remove timing altogether and make curation simply a pool of your HP compared to all others. Most autovotes are to provide incentive for timing to get better curation returns. Just make is so if you vote in the 7 day period you get paid based on that. Why reward timing of a vote for curation? Maybe I'm missing the point of that.

  • Remove trending and force people to follow more. There is hardly any incentive to follow. You follow good authors and it's easier to manually curate. Also make it so you see what your followers like/comment/resteem kind of like how twitter works by default. Going to trending takes work and on hive.blog it's the default landing page.

My opinion is that active hive users should in fact be more rewarded, they add value to the platform through engagement. This is an interesting topic. I see a lot accounts come to Hive to only cross post, I hate to see that especially when they never engage and are essentially coming to hive solely to milk it. I like to call them platform whores :) I don't like the idea of making curation rewards less. Honestly if you did that, I'd unstake all my Hive right away and just try to pull in author rewards only to sell it on exchanges.

5 years ago in Hive Improvement by
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     5 years ago  

    Good ideas!

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       5 years ago  

      Remove timing altogether

      While I like this idea, there could be some downsides.

      Good content creators and whatnot will benefit, but some will complain about distribution. This could also disincentivize discovering new content creators. Why bother when you could just drop a vote on say, @taskmaster4450, or something.

      I think places like YouTube has spoiled us in terms of content discovery. Frontends do not offer that sort of algorithm.

      Make is so anyone set up with a voting bot or trail automatically receives less curation returns.

      Idk how this is possible without some manual intervention and centralized "blacklists".

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         5 years ago  

        Many of these points are impossible if you think at the blockchain layer, now I really am not a dev or that technical but here's just some thoughts that come to mind:

        • How? Only way would be to delegate to downvote accounts once downvote mana is delegatable and let users use their downvotes through a website/with memos and randomize the timers of when the downvote lands or include something like @smartsteem used to be where it would just pool all voting power and everyone who downvoted for content X give it an equal downvote at 6.5 days or sooner. Main point is that the author can't tell who directly downvoted them. This would still need some oversight for abuse.
        • people also have private bots, some that with a few changes could be randomized a bit more to look manual, i.e. vote on this author between block 60-80 after post is out
        • the early timing penalty was mainly to discourage bots and hasn't really served a lot of purpose ever since all bots adjusted to just becoming frontrunner bots, only disadvantage here is like I mentioned previously somewhere, think it was in my post as a response to jaki, it would only leave active curators and projects to go and find new content from new authors to get a decent reward for being the first to vote on it and might centralize a lot more stake in few curation projects, although the latter can of course be changed by creating more curation projects and them having more competition between eachother
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           5 years ago  

          Make downvotes blind. More people would downvote more because they wouldn't fear as much retaliation.

          This would be cool, but right now I've haven't seen a good solution for how to do it. Doesn't mean it's impossible though.

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             5 years ago  

            What about increasing the curation rewards to 75% to make more people motivated to stake even more and buy more hive what will lead to lower inflation not by reducing rewars, but by making more people invest in it ?

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