'Quality' content in so far as it gets attention and engagement and inspires participation. If we're not optimizing for attention, but instead optimizing for PhD articles worthy of being published in Nature then we are in a very archaic and frankly non-current social meta. Quality =/= results. In the words of smooth, you can put all the effort into creating quality, and for that, you get a gold star. What matters is results. In society, we don't reward people for high effort, we reward people for merit - whether or not the absolute effort required to achieve that is a lot or not is beside the point.
Automated voting is an issue, but like your point 3, so is removing the incentive for people to 'work' for their rewards, be it curator or author. A curator is literally anyone and everyone who has stake and is participating in the proof of brain mechanism. This is also a value contribution as crowd consensus is a big part of how we reach value determination of anything. By encouraging idle participation, we are actually incentivizing people to walk away from the underlying social elements offered and embedded onchain to keep the wheels turning.
I have mentioned elsewhere that I find rent-seeking incentives to be a gradual but growing headwind for advancing the overall value of Hive. Hive that is printed as a result of rewards is coupled with 'work done' through crowd assessment (curation) but also the time and effort of the creator to attract eyeballs (posting). (As mentioned above, the attracting attention part is some what the point of the attention economy, and quality as a metric should be determined by this outcome more than anything else). HBD on the other hand is the same capital input, with no additional work done and yet, nominally earning more than HP holders who accept market volatility tail risk, time-duration risk. Balancing it out without touching the APR would require increasing the time it takes to withdraw from savings. I'm talking a minimum of 13+ weeks since that is in line with the time duration risk of HP. Otherwise, the APR needs to adjust to at most, the amount HP holders can earn through legitimate activity which is currently ~ 12%.
You are viewing a single comment's thread from: