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RE: Hive Blog Rewards Will Need to Go

in #reward-pool11 months ago

I commented on this on MM, but I'll also put it here on the chain.

I could not join the Town Hall today, but I'll share my opinion.

I don't think Hive is ready to remove the reward pool. Look at the tribes or tokenized communities; I can count the successful ones with one hand and have many fingers left.

When we have 10 or 20 successful tokenized communities, maybe we can start to talk about removing the rewards on L1. We also need better layer 2. Hive Engine has been having issues for weeks. I think it would be worth first trying to improve HE and help develop the other L2 before trying to remove the reward pool on Hive.

Removing it now would be a death sentence to Hive because many users will leave. Damn, maybe many would consider going to Steem or trying other options (like that new one that is going to be launched on Koinos).

I agree with making the investment in Hive Power more attractive; investing in HBD shouldn't be more attractive. A nicer APR on holding Hive Power without having to vote would be nice, in my opinion.

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I'm not advocating to remove it now, I'm thinking we have 3-5 years, and things can be done gradually while also building replacements.

Ok, makes sense.

I agree to do it in that time frame, but only if we get good replacements and more success cases because, in 7 years, we have only one or two.

Remove the DEX? Then how would users see all the different tokens they have in their wallet?

Don't forget, Tribaldex and leodex also use hive engine. 🤔🤔🤔🤔

Who said anything about removing the DEX?

What I said is that we need to fix HE, because it has been having issues for months now.

I guess I misread that. Apologies. 😁

I agree, HE needs to be fixed.

Removing it now would be a death sentence to Hive because many users will leave. Damn, maybe many would consider going to Steem or trying other options (like that new one that is going to be launched on Koinos).

Thanks for that!

I was just looking for other options today and given who some of the developers are on Koinos (who actually put their name and faces on it) it may well be a good fit.

Gonna give it some time before I make up my mind about completely abandoning Hive... but as things stand my mind is mostly made up to do so.

Not looking forward to editing all my posts and inserting a "Hive is not worth it!" message in the body but dislike the idea that my words might lend value to something that I can no longer wholeheartedly endorse.

I tried to make an account on Koinos the other day, I spent several minutes and I was not able to do it, so I guess it has some of the same issues as Hive.

To be honest, the thought of leaving Hive crossed my mind not too long ago, there were several reasons, but after thinking about it, I decided not to leave. If you want to read my thoughts about that check this, it's a translation to English of my post.

I think that Hive still has potential, we just have to focus on fixing the issues that are still affecting the onboarding and the retention. Yes, there are some toxic community members. Some apps have many issues, some projects are funded and are not getting the results they promised. And Hive can be tiring and demotivating sometimes. But having said that, I'm not sure that Koinos is the replacement of Hive, or that it could do it better. I haven't seen any evidence indicating that.

The future of Hive can be better, and I know that there are users who are working to achieve that. But yet, everyone is free to make their own decisions, I've made mine.

Thank you for the thoughtful reply. Gave your linked post a read and found it illuminating in regards to your situation and reasoning.

Did you try the signup via https://app.koinos.pro/user/register I have not tried it yet myself.