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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago

I think that you are focusing attention on the wrong area right now. While auto voting isn't good for the system in my opinion it is not the most urgent issue. In reality i would love to see flat voting,

Take time and stake out of it to have just straight up 50/50 rewards with no curves. This would allow people to vote for the content that they like as opposed to what they think will get rewarded. A big difference.

Simplicity is everything as most people will never see or care about all of these calculations in the future. They will never need to know how everything runs behind the scenes so keeping it simple is the best way to ensure it runs smoothly and makes it easy for newer users to get to grips with the chain. Less is more.

Get rid of self voting option as it should have no place in a DPOS system.

Reduce powerdown to 4 weekly payments and make staking more attractive.

Create token buybacks from the market to actually add buy pressure on hive instead of a constant sell pressure. A higher price is the most attractive marketing campaign that you can run. We are wasting our most valuable resource which is the content being created here on a daily basis. Ad revenue is being used on @financeleo to great effect and they have set an example that we should really be following on hive.blog and other interfaces to generate revenue. A system where all the money flows out and not in isn't one that will attract too many investors. However if you can show a clear business plan that will add value over time then larger stakeholders are more likely to get involved and buy hive as well.

https://peakd.com/hive-102930/@niallon11/make-hive-the-wordpress-of-crypto-monetized-communities

Get SMT's released so that we can see other sites get involved on the chain and open up exponential growth. Then we could release tokens with various attributes to offer different solutions and see what other rewards systems would look like going forward. It would also allow for larger groups to join at the same time and get more people involved with the chain going forward.

https://peakd.com/hive-177032/@niallon11/i-would-build-a-site-that-tore-up-the-voting-system