This idea will never be implemented. It would be the end of Hive.
Bad enough that they wasted hours in a town hall to discuss this nonsense. I hope this should be enough and now let´s tackle the real problems.
This idea will never be implemented. It would be the end of Hive.
Bad enough that they wasted hours in a town hall to discuss this nonsense. I hope this should be enough and now let´s tackle the real problems.
Just the fact that this idea wasn't immediately shut down, and made fun of, triggers my intuition here.
I feel the signals.
The idiots are taking over.
True, I was also quite surprised that this "idea" was seriously discussed and not immediately ruled out. As if the main goal was not to offend the rhondron guy. All too political correct. Bullshit should be called out that way!
Agreed. Too many idea guys getting too vocal and not called out on being utterly stupid.
Sadly, the idiots seem to be in charge. Let's make another Zealy campaign or upvote comments instead of content..
comments are content...
Yes, but not by the HBD Stabilizer
Which problems Do you see, which need to be tackled immidiately?
E.g. lack of effective marketing, instead wasting 1000s of HBD per day for projects with no transparency about the progress.
What the hell is the point of onboarding when we hemorrhage the users that bother to sign up and start posting? Out of ~2.5M accounts, we have ~3k people posting today. Everyone that falls for the marketing pitch, comes here and finds out it's malarkey leaves and wages a personal hate campaign.
Marketing a platform that drives people away is literally creating an anti-Hive press corps. How about we unfuck the rewards structure that has maintained the oligarchy since the Ninjamine and disappoints every n00b that gives Hive a shot? How about we rein in the opinion flaggots that drove dozens of popular influencers off the platform for bogus complaints, like lack of engagement, not advocating the platform, or posting elsewhere too?
Hive isn't dying. It's being killed.
Edit: not that I disagree about throwing thousands of HBD at projects with no accountability or transparency, but funding a rally car isn't going to change the rewards structure that provides a mean post reward ~1HBD and keeps the same 37 whales in control of Hive governance. How about we spend that resource on keeping users posting?
I don´t know what´s the best, but if you remove the one feature that differentiates us from any other platform (that you can start earning without investment), what will be left?
On this we agree, and I am confident most of the community does as well. r0nd0n is a out of the box thinker. I know him and admire him from the pir8 radio shows he used to do on Discord. He ran @freezepeach for years, but it was a thankless job and few donors supported the effort, which eventually made it futile. He's not against the community in any way, despite he and I don't always agree on every policy detail.
I think he's searching for solutions, and perhaps the idea of separating author rewards from the governance token sounded like a good idea that would cause the whales to lighten up on opinion flagging and let free speech blossom, or at least blossom more than it is now.
I am confident he's not toadying up as a minion of oligarchs. He's got a heart for the community, every bit as strong as my own.
However, onboarding more users Hive will disappoint will not benefit the platform at all. We need to create a rewards structure that puts more benefits in the wallets of the creators that produce all the value Hive has. Social media has become the largest financial sector of global markets in less than a decade, and Hive is horribly missing that train. Our thesis of directly rewarding creators for content instead of centralizing profit in a stock corporation has been horribly mishandled. That's the problem that keeps Hive from retaining even a fraction of 1% of the users that have signed up, whether it's bogus opinion flagging, or the curation rewards farming the accounts of their friends and sock puppets, the lack of a better shake on Hive than creators get on vile platforms like Fakebook, Youtool, and Twatter is a terrible demonstration of competence of our governance.
The same 37 whales have more than half the stake on the platform, and this reveals that after 7 years of operations, they maintain their take of the bulk of rewards from the pool, through curation rewards, the DHF, witness 10%, and all the other mechanisms besides author rewards, because few of them blog. It's that avarice that keeps Hive from success. The plutocratic governance model, with stake equaling political power, makes Hive utterly defenseless from outside stake that could buy the entire platform for pocket change. That's what happened to Steem, and will happen here, sooner or later (if it hasn't already been ongoing, as whales sell their accounts rather than their tokens, to avoid making the handovers public knowledge), and that also makes those stakes golden parachutes the whales can ride off into the sunset on if Hive gets bought out.
It's hard to devise a plan besides moving author rewards to a second layer that distances them from governance, and I don't know how else we might rectify the problem when the whales will resort to whatever is necessary to maintain their governance as they have for 7 years.
I agree with your analysis as biggest hurdle to change things. Maybe another way would be to reduce the impact of curating? 50/50 seems not fair given the efforts of authoring vs. curating.
Some years ago Edicted proposed savings accounts with nominal interest to compensate whales with ROI to replace curation rewards. HBD savings accounts are now implemented with 20% interest rates. However, whales have not eschewed curation rewards. They are simply double dipping, as there is no mechanism that prevents them from doing so. Since they control governance, as the only metric by which political control is availed is stake, and whales have the majority of stake on Hive, they have not sought to cut themselves off from curation reward income.
The problem is greed, pure and simple.
Feeless nearly instant transactions, immutable blogs, and if we start building now, we can have tokenized communities that handle rewards.
How this should work in practice? There are bigger communities and smaller ones. Do you want to give each one a separate token, like now the tribe tokens? From where comes the money if not from thin air, and how the value of these 2nd layer tokens will be ensured, if they have no governance role. We already have enough of PAL tokens and the like, they all failed, even the overhyped LEO lost big.