You have a good point, the rewards pool is not economically sustainable and does not work in a way that creates value. Looking forward to RC delegations, though I would prefer a decentralised protocol for that like EOS rex over a centralised solution like dlease.
Good point!
Isn't that what Whaleshares is doing? They haven't been particularly successful with removing author/curation rewards.
Because whaleshares is garbage. I really don't understand how they fit into the equation, just because they made some changes that are seemingly somewhat similar (which it isn't IMO).
Proof of brain used to be Steem's/Hive's big selling point (also for SMTs/HMTs), still wondering if something could be tweaked to make a rewards pool work.
Because Ned was too lazy to shift gears. He announced SMTs in 2017. That was the right time to release them. Right now, we should fix Hive first before we release sub-tokens IMO.
The code is done though, isn't it? Only some testing remains.
Releasing SMTs will allow apps to have their own PoB going on, even if we know it doesn't work perfectly. Other's might just use it as a security (like ICOs with Eth) or a fun way to create their own coin.
It is extremely powerful to allow people to create their own crypto with a few clicks. This should definitely be released as it is, and the main Hive token can then change to work as you described in your post.