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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago

My point is, many a good and often a great thing gets overlooked. Which is one reason I feel auto-votes are a good thing.

I think they are a bad thing, because they make people too lazy to discover new posts or also honor efforts of former 'bad' authors to improve or just unknown writers.

It's easy to upvote 'good' authors automatically all the time but difficult real, hard work to find great posts.

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People don't want to discovery "new posts" because it's a lot easier to farm on defi and do nothing, earning 10-20x yield returns even if it does collapse.

The Auto Voting is a serious problem if you want a social unicorn. On the flip side, poor returns from APR yields is a serious problem if you want a blockchain unicorn. It's not to say by any means you need any APR, or staking for that matter, it's just for this comparison since rewarding is still in plans along with inflation.

It needs to to go strongly in one direction or the other. Currently all the mechanics are in the middle.

New Investors:

And it's important to get new investors unfortunately, because that's how the entire mechanics work for any asset class, stock or crypto for that matter.

We need to support more experimenting like @blocktrades proposal and attempt more radical changes(a bit less focusing on "finding the sweet spots"). More extremes imho.

Not sure that's true either. My feed is full of them. I wouldn't follow someone if I didn't think they didn't do good work. What would be the point in following a terrible author?

I don't like the concept of 'good' authors, I prefer the idea of upvoting good posts! :)

Upvoting 'good' authors automatically means being too lazy to read and evaluate posts, means allwoing 'good' authors to be lazy too, as they receive upvotes independently from the quality of their posts, means not giving 'bad' authors the incentive to improve and have the chance of receiving upvotes when writing better posts than before, means to keep ignoring new, unknown users which leave the platform as fast as they came, because nobody makes the effort to seek for posts manually.

I see not a single reason why I should get less curation rewards when manually upvoting a two days old post which I had really read and evaluated than someone who didn't work at all but just let a programm do the job!

You may read more about my point of view here, here and here.