Could the argument not be put forward that reducing the curation payout would make curators with large stakes think more carefully about where they applied their votes?
The other thing that came to mind was why is so much Hive being held on exchanges? Surely regular returns from curation within Hive is better than just hoping for trading returns? I know the exchanges need liquidity but if traders knew the returns they could get from being active on the platform it would encourage them to use stake for curation, they would make more than by speculating.
There needs to be a fundamental shift in the whole economic structure of Hive but with top stakeholders, who are often Devs and witnesses, nothing will be done at blockchain level that would upset their earnings.
Autovoters make lazy content creators (in general). Bring back moderated vote buying and allow people to invest in their own content and let the community then decide what's over rewarded and act accordingly. This would also make the big stake holding curators look more carefully to maximise their returns.
As for the quality of content. It's poor but that's not the problem as it's the people on Hive that are it's greatest asset.
As for the Leo curators, absolute joke. They appear to just randomly drop big upvotes on whatever is posted on their platform hence the 'throw enough shit and hope some of it will stick' attitude of the majority of its users who trawl crypto news sites daily and just spin what they see. Not to mention the dozens of 'magic of compound interest' and 'why passive income matters' posts we see there daily...don't get me started on the highly rewarded shilling posts.
Excellent writing fella. I'm glad people get something to think about from posts like these and keep doing your thing . Pity we can't clone you!
I think there are significant amount of Hive on exchanges because investors who are day traders by nature, not a blanket statement on all investors being day traders, find more value in holding their Hive in exchanges so they can play with them along with their other tokens.
Internal market means they will be able to play but that does not have other tokens they can trade easily. I think in this regard if there was a way to allow for hive to incorporate having other tokens, not hive-engine tokens, but other blockchain tokens to be held and traded alongside internally held Hive. Could shift the holdings out of exchanges? Maybe. I am just brain storming so I could honestly be shooting blanks, like a tide up tube.