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RE: Proposal: reduce Hive inflation by reducing curation rewards

in Hive Improvement4 years ago

Well @cryptographic, while I have no way of knowing for certain, I suspect there are a lot of people like us here on our Hive blockchain. Frustrated ...

Unfortunately, we do not have the economic clout to make much (if any ...) difference. I intentionally stopped short of claiming (as I and likely you have seen elsewhere) the "system" is "rigged" in favor of those who do have the economic clout to make a difference. Who knows (that's willing to acknowledge it anyway) ...

Which brings us all to this critical decision point:

"... EVEN THOUGH I am penalized economically ..."

This reminds me of one of the very few times a "whale" bothered to respond to a comment I made on his post. In his response to me on this post, @trafalgar was man enough to admit he had once "fought the good fight" against all of the abuses on the previous EIP "system." Then he gave up and joined the others at whatever one might wish to call it. As a result, he was arguing in favor of the EIP system we are talking about now. BTW, last I knew @trafalgar was no longer active ...

"Not deluded, but very hopeful. The whole HIVE fork is a thing of wonder in my book. There's an extraordinary group of people at the core of this, and throughout as well. Lots of reasons to have high expectations for HIVE."

I'm sure there are many who are hopeful, in spite of all we are discussing. And while we are waiting ...

image.png

The price of HIVE is heading down below 1500 sats ... Once HF24 is successfully behind us, I guess together we'll find out what is in store for us.

Thank you very kindly for stopping by! 😉

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That chart is responsible for a lot of emotional FUD these days (or would that be the opposite?). You know the tune by now, everything is going to come from dapps, SMTs, now wrapped HIVE sent to DeFi, etc., etc. It's getting depressing. No one seems to see just what they've got in their hands here. That's temporary though. That chart represents the exodus of those who just don't get it. Watch how everyone is saying the opposite in a few months. But, in the meantime, the rest of us need to keep our wits about ourselves. ;-)

Yeah, and the economic clout? No doubt it's centralized. It's like that everywhere you go. The results of the early adopter advantage. With time things naturally get more democratic, and, well, while I don't think it's malicious in this case, it's the way it is and what we've got to deal with.

Cheers

And I'm going to 'upvote' you some ENGAGE - let's see if it works this time.

!ENGAGE 50

Thank you for your engagement on this post, you have recieved ENGAGE tokens.