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RE: On the Extreme Utility of Hive and Leo....

in LeoFinance4 years ago (edited)

Greetings, with all due respect I'll toss around a different opinion.

HIVE is a PoS blockchain, as that's how consensus is achieved.

Inflation is distributed through a proof of brain mechanic. I think HIVE should drop blogging entirely as its holding the chain back. Let 2nd parties do it instead, we've already seen that a group like Peakd can do blogging better. The core product is not and should not be a 5 year old blogging MVP! It's the fast and scalable chain that's a destination to build Dapps on.

I think HIVE should be a deflationary governance token, not a rewards token at all. Focus on building and maintaining a great blockchain to build on. Let Dapps build 2nd layer products with native tokens.

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Yes fair point, I mean the rewards can be distributed anyway those with Hive Power choose, I wouldn't vote against a radical cut in the deflation.

It's not something I'm necessarily against now we've proved we can build blogging dapps on top with custom tokens - I'd just rather they were properly decentralised first in terms of their distribution!