Incentives on Hive tend to gravitate toward toxic rent-seeking behavior.
The lure of a passive income stream is a powerful inducement.
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Incentives on Hive tend to gravitate toward toxic rent-seeking behavior.
The lure of a passive income stream is a powerful inducement.
It is easy to blame passive income for this, but do we see the same problem with yield farming tokens?
The passive income provided from CUB is 500% higher than Hive.
So therefore they have five times the problem?
No, rather the thing that created bid-bots is our embarrassingly pathetic trending tab algorithm that puts the top rewarded posts at the top of trending. Every other social media site has figured out a better way to do it, except us.
When we look at something like selling RCs for profit, the only thing that allows this to happen is an absurdly high price of Hive and the inability for witnesses to scale up quickly enough... So not really the most terrible problem to have (until we've mentally locked in those gains and are ready to move up even higher).