Something like what type of stakeholders are receiving the rewards?
It depends a lot from what type of rewards you will look at.
Inflation share:
- 32.5% Authors
- 32.5% Curators
- 15% Staking rewards for HP holders
- 10% witnesses
- 10% The dao or the DHF
On top of this, authors receive only half of their rewards in Hive power, meaning 16.25% of the total inflation on Hive power, goes to authors.
If you look at long term Hive Power holders will always get the most of the inflation, everyone has the right to power up and hodl. Hive at least distribute some share of inflation for non stakers (holders), unlike every other PoS coin there.
I'm not saying it is bad that those that support the system get the most, but it is something that will end in most of the coins going to the same people, centralizing the stake.
If over time the inflation doesn't spread stake out, it will centralize, and that is something folks should be aware of and discuss remedies for, imo.
I don't think we persist long term if the long term is that the rich get richer while the poorer get less as a percentage of the whole.
Who buys into that?
Strategies for mitigating this feature of the math are in order, iyam.
Achieving wide spread token distribution is not easy.
Hive as it is now, has some of the best token distribution in crypto. Distributing coins trough a social network seems to be effective. Can it be better? Sure! Where we will go from here .... dunno ... depends on human behavior.
Yes, the hive looks very good.
Much better than in years past.
However, 380 accounts hold 69% of the hive power, if the other 100k active accounts knew the hill they were trying to climb, they might appreciate a helping hand up.
The paradigm is being changed, resistance to that is built into the matrix that established itself.
What better serves the goal of decentralization, a controlling group diminishing their power, or one gaining more from those that have less?
The have's best interests, under crapitalism, is to resist this paradigm change at all costs.
I'd just like to know how much centralization is occurring.
My napkin math says some.
If that is true, then I think light needs shed upon that fact.
I have to agree that the system in place is almost always going to inflate the holdings of whales faster than the holdings of those below but I feel like this discussion is missing one important fact. Most of the accounts that are on top of the pile are actually active daily users that contribute a lot to the overall quality of Leo, Hive, and others.
dalz and Taskmaster aren't beating me in the race because they have more stake but because they publish quality stuff on a daily basis. Looking back at my own post rewards, if you can deliver useful and quality information to the community it will reward you proportionally.
My point is that this may or may not become a problem in the future but based on my own experience I feel like anyone can outpace the majority with consistency and quality. Even if we lean in the centralized part of the spectrum hard work and quality are rewarded according to the median post rewards sitewide and that to me seems like a fair playground.
For now.
Posted Using LeoFinance Beta
Yes, quality content is rewarded, and yes, with persistence, and a modicum of talent, one can stay ahead of the crowd.
The hive is in pretty good shape, but I think with a 1000mv vote limit it will be in even better shape.
Not a forced compliance thing like the whale experiment, but a voluntary putting down of power by those that have it.
Trending is not much up in quality, imo.
Plenty of plastic content still getting pushed to the top.
(Corporate speak and stock photos shouldn't trend, iyam.)
Even though curation rewards are linear, no advantage to piling on, anymore.
Instead of rewarding newbs for organic content latte art is getting hundreds, smdh.
I have to say that I agree with most of the stuff you said but that's just the way things are around here I guess.
The content isn't as good as it could be but compared to a few years ago and compared to other similar websites like Reddit, we are doing great.
Capped rewards sound like a good idea but I can see scenarios where it can be counterproductive.
Posted Using LeoFinance Beta
I wouldn't be for capped rewards, either.
I'm for voluntary restraint from the largest accounts.
We already get some, I'd like to see more.
But, other than that, we are the best game in town, imo.