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RE: Hive Accounts Should Cost 5 HBD

in LeoFinance2 years ago

I'd actually go about things a different way and make the account free, but all rewards whould have an automatic percentage taken to fund projects and devs. I hate to say this, but Blurts fees for transactions are definitely a possible route to take.

Charging for accounts puts people off initially but get them onboard and then start emptying their wallet ;-)

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This would have a cascading affect though. There are reasons why Blurt doesn't have as many apps like Hive and one of those are their fees for transactions. HIve isn't just a blogging platform, it's an Dapp ecosystem. I don't know if things like HIve Engine, Splinterlands, Rising Star, DCrops, DCity, Exode, Project Blank etc. exist if every transaction has a fee involved no matter how small.

(I could be completely wrong though about my assumptions above, I'm not a programmer.)

Also I think it would be weird to be the blockchain with fees while Steem has free transcactions. Just feels wrong to me for some reason.

That's a good point, but in a way they do in the form of RC? I'm no expert, I just open my mouth and let the crap flow out sometimes, but I do think a lot about development costs and the best way to fund things.

The world seems to accept paying for services they get online. Hive should have decentralised funding from users too I think.

Posted using LeoFinance Mobile

Having the user pay the fee is one option, or the application can pay for it and the user never is charged a direct fee. No one wants to directly pay for anything. I certainly don't. It would be a huge turnoff.

You pay for nothing you use ? I'm not sure I understand what you mean?

Posted using LeoFinance Mobile

I mean the application (e.g. splinterlands) could pay the fee to setup new accounts if they so wish.

Hello @johnhtims

There are reasons why Blurt doesn't have as many apps like Hive

I would argue that you're wrong but not from the programmer perspective but the economics and adoption perspective.

The Hive blockchain was created out of a really exceptional circumstance. Normally, devs and users would have stuck with Steem no matter what features or changes you could have added on it.

As you prolly already know, we suddenly saw Steem become centralized a couple of years ago and the Hive fork was created for this reason. Steem became paypal but with volatility and we all knew it. It was finished.

The network effect is enormous. Look at all of the better chains than the chain of Bitcoin out there. Many chains are more scalable, have more features, are faster, and are private. But BTC remains the chain with the most marketcap and presumably the most users.

If they can sign up with Twitter or Facebook, they can still interact, just without rewards.

This makes Hive the premium version and that has value.

Posted Using LeoFinance Beta

It's the user that gives it value. It's a two way street. We didn't create any of this, we only populate it. Nothing has 'valie' other than than sharing knowledge.

Decentralisation and token economy is about sharing not about getting something for nothing.

Posted using LeoFinance Mobile

I agree. It's important to have a free account to attract more people to the platform... This allows Hive to expand. (TikTok even pays people to invite friends)