RE: For Hive to succeed, stakeholders need to not be completely delusional cultists

[anthonyadavisii]

It would never scale. It doesn't solve the problem because the global reward pool is a bad idea.

I don't think it necessarily follows but I understand there are significant weaknesses while at the same time it has it's strengths in its topical versatility. Granted it requires curators but things go awry when too much bias enters the process.

That's when we get voting cliques that turn people off as they become disillusioned from the buzzwords that may have brought them here. I personally do not think it's impossible to manage a global reward pool but it requires some degree of judiciousness and organization.

It just seems to be an asset of great potential if we get it operating properly. It's like having a crab bucket but getting rid of it because we can't seem to get rid of the leaks. I just can't seem to get around this idea that removing the RP is like putting your car in a donut.

The issue will still have to be addressed eventually.

Is the concept that these siloed layer 2 communities would be able to reward and moderate their users and minimize selling of the native token? Is that the idea?

Comments

[enforcer48]

It just seems to be an asset of great potential if we get it operating properly.

And how? Without overwhelming stake? And why do you suppose those with stake are obligated to help you in your crusade? Did it ever occur to you that the person who bought all that stake didn't want to be involved in this complexity? And why do you suppose "mob A" is better than "mob B"?

Is the concept that these siloed layer 2 communities would be able to reward and moderate their users and minimize selling of the native token? Is that the idea?

Obviously yes. Is it easier to stop the leaks because you control the flow of the tokens? Or is it easier to somehow acquire millions and millions of HP to suppress the so called leaks on a decentralized global reward pool?

Not to mention the time and commitment required to operate like a ridiculous "police state".

There's also more incentives to build the value of your token than fighting the overarching market forces when it comes to HIVE.

Do you know how the current tribe tokens work?

When an account is "banished":

• They can't earn rewards, curation or otherwise
• They need to power down and move into a different account, but that's pointless if all their alts are already identified.
• While it's still whack-a-mole, but each whack has more permanent implications than "lol perma downvote".

What happens on Hive:

• They continue to earn curation rewards, even while powering down
• They power through your downvotes because they know you can't suppress everyone

Whether or not SMTs would work the same way as imagined is another story.

[anthonyadavisii]

It's a reasonable argument but regardless the reward pool being present is a huge impetus for engagement, whether genuine or contrived.

[enforcer48]

Move it to second layer and it won't change that incentive, but enhance it so people aren't just farming at everyone else’s expense.

It would only affect some instead.