I said many years ago that I want Premium Memberships and Soulbound Stakes for Hive accounts.
Since than, $KOIN has started using Proof-of-Burn very akin to Soulbound HP and
InLeo is doing Premium now. Almost there my frens, almost there.
How long until I can burn LEO for Soulbound Leo Power? It will happen eventually, it is inevitable.
I am familiar with $KOIN but what real benefit does soulbound HP give you over powering up?
I like the powering up better.
That is a very good question! It offers an additional layer of trust for the participants.
I think some posts would do better with a minimal threshold of Soulbound Stake to be required to comment on. Content moderation could become a lot less difficult and I would like to give 'permanent stake' some extra weight in DAO votes.
There is difference between a rich tourist and a reliable native.
Thanks for the explanation.
Even tho i still disagree.
I do agree with a reliable native is better than a rich tourist
That is good to know.
I just do not think we can overcome the next wave of AI accounts without requesting permanent commitment beyond monthly Premiums. There will always be an AI attack vector open to spontaneous Stake formation wielded by an anon crowd of unknown nature.
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So in your case you are talking about. Spontaneous Stake Formation is equal to inflation ?
No, more like somebody using a local AI and some basic Networking to run a bunch of "Accounts" / wallets and we can not tell if they are human or not.
Making Wallets "trusted" is the magic sauce for all Social Media in the Internet, especially in the near future, but it was basically always been. That is why has never allowed you to be anon. You can be an authentic human or a business page, no grey zone. They didn't find a different way to solve the trust question. X did the same recently, no Premium without "direct" Creditcard payment, no Premium+ without Creditcard and ID. Therefore the Blue Checks are supposed to be trusted IDs of real humans.
Most of the content moderation that offboarded accounts was due to the suspicion of reward farming, right?
Well, if smaller accounts who wants to push the limits could just post as "stake their reward payments soulbound", what would happen to that problem? poof
The content moderation that offboarded accounts was due to old Steem whales that used bid bots to increase their stake wanting everyone to confirm to them.
I don't even worry about that stuff.
Hive as a chain has out grown blogging.
It is only used for inflation farming.
Inflation is heading down and those accounts will have less and less impact over time.
I truly don't care about them or the content moderation or the downvoting. It is 2017/2018 thinking.
I see the chain being used for non blogging and those people either dying off or cashing out or the amount of hive they are dumping will be bought up off the exchanges / powered up and they will have no voice anymore.
That is the future I am building.
Like I told someone else what happens if I start buying $50K USD in Hive every month ? How does the chain look then ?
Plus a lot of them are getting up in age. I would no be surprised to see some of those accounts to become dormant off that issue alone.
So i don't worry about AI.