I think I would expect more from the dao.
Things made there should pay the upkeep, iyam.
If it is built with dao money, and it makes profits, it should pay the dao back, at least.
Why are we paying for things to be built that bring profits to the builders, but not the hive?
Do we really have 80million hive worth of 'improvements' to be made?
I'd add staking rewards to the savings accounts.
The more liquid hive, the better for the pool.
A 3day hold is much better than a 13 week hold.
I'd go for the witness changes, too.
Let's say:
Newb attraction pool: 50%
Staking rewards 3day withdraw: 12%
Staking rewards 10 week withdraw: 20%
Witnesses: 15%
DAO: 3%
We know the reward pool, designed to attract newbs, is used to pay for other things, I see nothing inherently wrong with that, folks can vote their stake how they want.
I'd make hbd interest contingent on staking, too.
Just as a disincentive to holding on an exchange.
I have a question if I may: how does that even help? We need to attract investors, not newbies. If HIVE does a 2,000% up one day, you are going to see many many newbies flocking into this place. The question is, how do we expect the token to perform like that when it's literally hostile environment for investors? We expect people to lock their funds for 13 weeks, risking to miss a pump, only to distribute their yields to pretty much everyone else, and keep a really low APR for themselves through curation rewards. With yield farming offering insane APRs, why should I bring in my 1,000 BNB and power it up?
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Do you want new users, or not?
At the end of the day, we are much more than defi, for now.
We are a worldwide web of conversations.
Plenty of dpos coins out there if you don't like the rules of this one.
Dan did the math really well.
Are you saying that you can do better?
I mean, feel free to strike out on your own.
Absent the ninjamine, and ned, we wouldn't be having these problems.
Our coin would be dominating the space.
Put me down as in favor of the math changing us rather than the other way around.
We haven't been using Dan's original math for 4.5 years now. We currently just have a Frankenstein of protocols that many witnesses don't even understand. It's incoherent and has done nothing at all to attract either investment or users. The five years of user and price stats demonstrate this.
We never used the math without the ninjamine.
What we have now finally has enough rough edges off of it to make more sense.
I may be biased as I got most of what I have by posting for it.
That is starting to change now that some defi is in the ecosystem, but without the reward pool subsidizing that, it's not sustainable for me, yet.
Mark me down as against pulling the plug on the rewards for blogging, just yet.
This entire comment is precisely why social rewards should be primarily on layer two. It's a bunch of nonsense that most people don't want to deal with. It doesn't serve Hive or investors well at all, which is why our numbers are abysmal.
That may end up happening. I have already suggested it.