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