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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago (edited)

Can I assume that the overarching aim is to reduce the slow bleed of Hive being sold off? If so, can we not just focus on tweaking the rewards model and look at other options....

We have a lot of eyeballs looking on hive.blog, so why not capitalize on it by incorporating targeted adverts? I know some will quickly get their knickers in a twist over this concept, but until they forward a proven option they can throw a tantrum on their own.

Steemit did the same before the take-over, but needed the cash to pay for stuff and bloat. Hive has HPS and development, maintenance etc is taken care this way.

So, if something want to be advertised on hive.blog, the $ fee is converted into Hive and subsequently burned in the process (or vast majority of it). This is the same model as the LEO community. By burning these tokens, it adds value to everyone already holding Hive and the naysayers will quickly quieten when they see their $ value increase.

If I remember correctly, Steemit were generating 50K USD at one point from ad revenue a month, correct me if I am wrong, but 50K USD in Hive is a lot of Hive to be burnt. Then view this over a year.

Now we have created another use for Hive and one that brings in $$$. Price goes up, the higher it does, the more people are attracted to the platform. We see these metrics everytime Steem/Hive increases in $ value.

Also get SMTs off the ground, too many opinions and entrenched thoughts on Hive. Let each community figure out its own way forward. Good ideas get copied in the long run.

Anyways, my two cents.