As a past usr of WLS, this just feels like WLS with extra steps. You can see how they failed after the change. I don't think this is the way to go at all.
Its people's perception that needs to be changed. With the tipping system introduced, everyone thought of the amount they were getting as "their tokens" and sharing became very very little. If you take a look at it now, it's still a few people tipping each other in circles and the rest just posting with no result(tho, there's a real post only ever 2 hours or so). It's not going to be easy at all to change people's minds to thinking that a tip ecosystem is better anytime soon on Hive. WLS was growing until the tip ecosystem got implemented(against most user's wishes, but stake talks) and then the growth stopped.
Whaleshares has always been a shitcoin and you're trying to determine its downfall based on one parameter; tipping, which is ignorant. What's the big deal if people massively reduce their own tipping habits? Let them earn HIVE inflation and there will always be generous whales who will give some away.
The amount of money given away on Steem and now Hive has ALWAYS been way too high, especially in the boom times and stakeholders were the ones who lost the most, compared to leeches, without any stake and who simply farmed the rewards, powered it down & sold it.
What's the differences?
As a past usr of WLS, this just feels like WLS with extra steps. You can see how they failed after the change. I don't think this is the way to go at all.
What were the downfalls you experienced and do you have any ideas of how it could be implemented in a way to mitigate the downfalls?
Its people's perception that needs to be changed. With the tipping system introduced, everyone thought of the amount they were getting as "their tokens" and sharing became very very little. If you take a look at it now, it's still a few people tipping each other in circles and the rest just posting with no result(tho, there's a real post only ever 2 hours or so). It's not going to be easy at all to change people's minds to thinking that a tip ecosystem is better anytime soon on Hive. WLS was growing until the tip ecosystem got implemented(against most user's wishes, but stake talks) and then the growth stopped.
Thank you for your insight.
Whaleshares has always been a shitcoin and you're trying to determine its downfall based on one parameter; tipping, which is ignorant. What's the big deal if people massively reduce their own tipping habits? Let them earn HIVE inflation and there will always be generous whales who will give some away.
The amount of money given away on Steem and now Hive has ALWAYS been way too high, especially in the boom times and stakeholders were the ones who lost the most, compared to leeches, without any stake and who simply farmed the rewards, powered it down & sold it.