RE: TANSTAAFL - There ain't no such thing as a free lunch

[ph1102]

Great explanation of the "where's the money come from" question... Unfortunately, if there is a possibility of rigging the system, someone will try to do it. I would rather try to find a solution that can be coded, instead of policing others, but sometimes, it's not that easy to put things in the code...

It's also true that it's in the community's (token holders) best interest to call out these bad actors. After all, I have vested interest in maintaining the network’s integrity, as its collapse would devalue my holdings.

I like that a lot! This SHOULD be the ONLY incentive and motivation for stakeholders to DO BETTER on the chain... And this already should be enough to thrive and be better... Sometimes, I have a problem understanding big HIVE stakeholders when they support things that are clearly undermining the complete network and the token price itself... It's like shooting in your own foot... 🤔

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Comments

[alex-rourke]

Love this comment! Thank you for thinking this way my friend. This is exactly the reason I think HIVE will be around for a very long time. Because of Hiveans like you, who I have the fortune of interacting with.

if there is a possibility of rigging the system, someone will try to do it. I would rather try to find a solution that can be coded, instead of policing others

This!

I will do police work NOW because it's in my best interest, but it's unsustainable long-term. Token production on the HIVE network is designed to go down 0.5% per year, which means that by 2040 it will be like 1%. Even if HIVE doesn't grow in users, this amount of newly created tokens for authors and curators will be too little as an incentive. HIVE BUSINESSES need to be created that offer a service in exchange for HIVE. This is the way. This is the incentive.

[ph1102]

HIVE BUSINESSES need to be created that offer a service in exchange for HIVE. This is the way. This is the incentive.

Yup... I'm repeating the same mantra over and over again... We just need one successful business built on HIVE, to show the way, to show by example... I remember talking with @detlev about this topic at the last HiveFest. When he mentioned the idea of making WorldMapPin a self-sustainable business model, I wished him all the luck (and stubbornness) in the world that he achieves that... as that would be a great example that IT IS POSSIBLE TO DO IT! The rest will follow...