You are viewing a single comment's thread from:

RE: If I were Hive Dictator for a Day...

in #hive4 years ago

Agree on a number of these things Idk about the 5 days though wouldn't that kill the system as it's a 7 day window for rewards at the moment that would have to be changed to 5 days as well.

I FULLY agree that staking Hive is pretty much pointless unless you blog here constantly or curate constantly. Only so many people are going to take up 1-3 hours a day writing a post and curating and commenting on others posts and it's a very small percentage of people. Unless there are more use cases outside of just blogging this will always be an issue. Instead of wildly changing everything up I would instead use those funds and time to start building more use cases/front ends that are not article marketing driven. Each of these front ends of course would have their own token and not reward in hive. Instead hive would be used more as the ground base of all future projects so rewards of hive could be reduced/ totally removed at some point while the front ends are the ones that reward the tokens which could be used to buy hive.

There's A LOT that could be done. I feel we waste far too much time and resources/money on constantly reconfiguring hive instead of building use cases.

Why hasn't hive built it's own market?

Why hasn't hive built a NFT marketplace?

Building groundworks like this are important and can help bring in more developers for games to use the NFT marketplace etc.

Posted Using LeoFinance Beta

Sort:  

"Agree on a number of these things Idk about the 5 days though wouldn't that kill the system as it's a 7 day window for rewards at the moment that would have to be changed to 5 days as well."

I would change post payout window to 3 days plus extended window when additional votes come in. So if someone votes with a considerable amount of stake with 2 hours left in the window, then the payout window is extended for another X amount of hours, depending on the size of the vote. After so many times, the window is no longer extended and is closed.

This is how it used to work prior to HF17, I believe. The rationale for extending to a 7-day window was never adequately explained. It was just an arbitrary time frame.

I can get behind that. Seriously I hardly ever get a upvote past 72 hours and honestly most happen within 24 hours maybe a few linger after 48 hours. 72 seems like a good fair number though. A week is a long time. Just like 13 weeks is like Grandma levels of snooze fest for unstaking.

Why hasn't hive built it's own market?

You mean this:

https://wallet.hive.blog/market

Hive/Steem has had an internal market since it's creation.

I'm not sure I'd call that a real marketplace. There's only Hive and HBD Has zero support for any other cryptocurrency to buy hive. It's EXTREAMLY complicated to get your hands on Hive let alone sell it.

Has zero support for any other cryptocurrency to buy hive.

Hive is on alot of exchanges and it has the same dificulty to aqcuire it as any other crypto (except a few exceptions). The comment I was responding to was probably a reaction to the OP stating that Hive would have its own marketplace and it was in likely a mis-understanding of what atsdavid meant.

I don't feel Hive is easy to get your hands on. Maybe depending on where you live it's easier. But in terms of swaps or Fiat conversions it's extremely limited.

As far as I know you can only do direct fiat to hive trades on the korean exchanges and on Bittrex, but we are in the same boat as 99% of other cryptos. I've been thinking about setting up an exchange in my country but it's probably not worth the cost at the moment (and I don't have the capital to initiate a venture of that nature).