I have been in agreement with this for years. I guess we just never crossed paths on it.
Supporting initiatives that cause people / users directly to buy HBD directly in order to get some benefit / discount is a good thing to focus on IMO.
Regards DHF, its proportionately larger as hive price drops. so ATM its a huge pressure. it seems about 15 devs are getting about 12-15% of all rewards from the chain at these Hive prices. Completely unsustainable.
Im going to see how many of them will consider resubmitting their proposals without the nice to have stuff, so we can do what we can to collectively cut costs for at least 6 months, and then re review
I agree the issue of DHF becoming proportionately larger is worthy of direct stakeholder voting attention. At least with the post rewards, while high and not that good, they decline automatically in proportion with the HIVE price.
ATM posting rewards are being used to instantly incentivize the rewarding of spending of HBD at legitimate businesses with liquid HBD cash back payouts. Two photos are taken during the purchase process and posted to chain. Beneficiaries are then recycled to replenish the instant HBD payouts.
It’s a pretty good way to spread HBD to people who are using it to buy products in legit businesses
It’s also a good way to send HBD to people spending BTC and other crypto currencies (this is not yet built)
Soon it will also be adapted to incentivize e-commerce payments during the moment of unboxing.
Potential to spread HBD to many chains is huge.
To do this, need to create an account on the spending chain (say eth) and then take the hash of a signature and include it in the header of a hive account. This proves that both accounts are owned by the same person. From there we can send hbd to ppl spending eth in legit shops and taking two photos.
ATM this uses the hive blogging rewards mechanism and rewards pool for content creators. There is no reason this can’t be put into the chain directly on the base layer later apart from the work needed.
Using this method we can also reward blogs instantly and daily based on stats such as views and comments instead of subjective whale votes.
The discount method causes a direct demand for hbd. On small purchases, can give 25-60% cash back discounts on hbd purchases and say 10-15% for other coins
No other chain as far as I know can distribute a stable coin from its inflation in this way while also being non KYC, non custodial and premissionless.
But as far as I can see, we are about to go into the age of #spendtoearn #spendtomine distribution of crypto via legitimate spending instead of only sending fresh crypto to miners