While I really think rewards need to be off the first layer, I don't think Hive will survive without rewards. It is barely surviving with them.
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While I really think rewards need to be off the first layer, I don't think Hive will survive without rewards. It is barely surviving with them.
Maybe not now, but it needs to happen and it's actually built into the code. Block after block the reward pool is decreased. In the meantime, the Hive community needs to oversee the behavior of bad actors by refraining from voting on them and issuing down votes.
User base would crash for sure. Zero doubt.
That's why we need more middle class HIVE holders who create businesses in the HIVE ecosystem. Distribution of the token far and wide is an early phase of this economic system, but it won't be forever. It's in the code.