What's your feedback on the hypothetical removal of the blogging rewards to slow inflation?
I think we'd hemorrhage most of the users initially but if the chain was rebranded and reworked as a utility chain rather than the outside perceiving it as a shitpost for crypto platform it could be something completely different in terms of final outcome of the network.
Initially I was against the whole idea of trashing the blogging rewards.. but the more I think on it the more it seems to be aligned with driving HIVE towards something that looks more feasible long term.
Be interested to hear your thoughts or ideas on this sort of thing. Personally I view it as a double edged sword with short term it having a detrimental effect but long term strengthening the network.. People could still give out shitcoins for blogging like LEO or whatever does.. But as for the main market cap of the chain being used to pay users for which in my opinion in most cases is needless shitposts it'd be nice to phase that out in favour of tribes or whatever.
I have been shouting about it since 2017. Here's one example: https://steemit.com/steem/@liberosist/for-a-better-steem-remove-the-steem-reward-pool-533b951904d14
Unfortunately, that was 2018. It is 2020 now, and it's too late for SMTs. It is 2020 now, and Reddit is in the social media tokenization game, and Twitter is working on a blockchain solution. Not to mention Dan Larimer has billions in the Block one warchest to promote Voice. (Which I also think is destined for failure, but that's another matter...)
I have stated my thoughts clearly in the OP, and multiple times over several years. Tl;dr - cancel the reward pool, drop inflation to lowest possible to retain security, move HBD into maintenance mode, introduce SMTs, build in some functionality to focus on gaming and social media (rather than just custom.json), build zk-rollup-like solutions to build out a secure Layer 2, and most importantly of all, build ethereum and bitcoin interoperability and full EVM compatibility. Do all of this, and I think Hive has a fighting chance of creating its own sustainable niche, assuming there's great marketing.