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RE: Hive's RC system is deflationary.

in LeoFinance3 years ago (edited)

You made a point blocksize could be raised along with witness reward growing while Hive price rises. However this would only apply to top20 witnessess effectively making block producing more elite sport.

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You'd think that, wouldn't you?

I know I used to.

But even my (+@sn0n +@rishi556) witness @hextech was breaking even when Hive was valued at like 20 cents. Now that Hive is valued over $1 the @hextech witness is generating a cash flow even though it's rank #37. We can already afford a full node. In fact we can afford to BUY a full node server (not rent on the AWS cloud).

There's also no rules about tweeking the system a little bit so witnesses outside the top 20 get a little bit more money than they do now. There are a lot of options and variables to consider.

There's also no rules about tweeking the system a little bit so witnesses outside the top 20 get a little bit more money than they do now. There are a lot of options and variables to consider.

You are absolutely right! I'd love to see 3 random witnessess choesen to confirm every block, it would rise rewards and improve security as well.