Wouldn't that just kill off blogging? Why would anyone vote for anyone? And thus why would anyone write anything?
I'm not saying that would necessarily be a bad thing btw.
Maybe we should try getting rid of the 5 minute curation penalty first? See how that affects distribution of rewards. It would at least be interesting to try first!
Indeed, this is something that we need to try: remove the 5 min curation penalty. It could go either way, but definitely we should test it!
First of all, the new mechanism would have to be separated from the classical "voting" or at least you should be able to "like" something, without giving it rewards.
Blogging will obviously not be killed, because the incentive is still there: a stakeholder on Hive could decide that he/she wants to have less inflationary revenue (as he/she already has a big stake & wants to see it grow in value) and instead gives some of it away; so the bloggers still want to participate in the ecosystem. The only difference is where it comes from: the global reward pool or the individual reward pool.
The outcome will be an even bigger screw for human curators and a big win for automatization, which I'm pretty sure 70%+ of Hive voting is running on.
Instead, curation would be removed altogether with the introduction of individual rewards pool; this would also get rid of the need for self-voting or the need to police the reward-pool; which is a big onboarding killer IMO. Also, who's policing those who are policing the system?
Personally, I don't think it's anybody's business who I want to reward or why. Obviously, in an open system where we all take from the common goods, there need to be ways to protect it; but we've clearly seen that this will always end in drama - just take a look at @cryptofinally.
I still don't see why the average stakeholder would give any of their potential value to anyone else. There might be a few out there who would try, but most would simply take all the rewards for themselves. Which would make it something like this:
https://hive.blog/steem/@tarazkp/locking-stake-for-100-passive-income-improving-content-helping-apps
TL;DR?
The idea has legs, but it isn't going to likely get traction nor be a smooth transition if implemented. There is a lot of resistance to this kind of thing by anyone without stake. Which is understandable based on the set expectations of the platform - perhaps this is a discussion better suited when there are native SMTs?
I like the idea that new system would reduce the 'negative influence' of Whales without the need to police them - that would be welcomed by me.
It's just a very large change, difficult to get my head around!
To build a good layer 2 and a variety of Dapp's, we need to be able to reward hive for activities that are not "blogging"
I think we're working towards that with side-tokenisation.
i don't agree
the side-tokens on a centralized server
with a lack of development
seem like just a 1% tax on the community
But I hope I am wrong and you are right!