The push to get rid of the reward pool seems to be growing stronger every day, and I am thoroughly annoyed. Correct me if I'm wrong, but spearheading this movement seems to be @therealwolf, the one witness who I've had the least respect for over these last few years.
That guy doesn't deserve to be a top witness. He is either too short-sighted, greedy and cynical or not fit to decide about such things. I took away my witness votes from him and I'm hoping everyone who cares about this issue will do the same.
DPoS without additional inflation to balance out the centralizing tendency of high witness rewards is a consensus mechanism for true shitcoins. I truly believe Hive without the global reward pool would be a worthless shitcoin. I certainly wouldn't hold it in the long term. Only as a speculative play to dump if a pump happens.
I agree with most of your suggestions, particularly using the bank accounts for building a real stablecoin. What don't agree with is taking away curation rewards, nor do I think it's a good idea to let authors decide the share they are willing give curators. That's bid bots reinvented.
Honestly I think it's a bit too early to talk about getting rid of curation as well, but ultimately I think it will make a lot more sense in the future. I hope to make some applications that will make that point far more obvious.
I would like to remove the curve and make curation flat. With flat curation you get a more natural voting pattern. If a post has a lot of rewards but deserves more, people will vote it under a flat system. Rushing to ninja curate at 3mins before you can even read the post? That will be eliminated. As a large stskehodker I would love to see these changes.
Sounds good. I think curation can be salvaged, but it needs a lot of work. Flat curation would be nice because it takes the advantage away from all the bots and automatic upvotes.
The competitive curation adds the single most stress to investors. It makes it tough because now you have to find good curators instead of just any curator. It's as if I have a limited amount of clients I can rent to as a homeowner. With flat curation, renting out becomes much easier to do as you can say hey look you'll make x in x time so I'm charging x amount. Hard to do that now because some people make 8% ROI and some makeover 20% ROI while curating, the swing makes the market making a headache. Also, forget about actually ever using the stake as a whale yourself for "fun" who wants to crackhead out and vote at 4mins or lose out on a ton of curation rewards? As I said, I'm willing to but 95%+ of other investors won't be willing to take that hit for the "long term good" of Hive.
Wasn't the curation curve supposed to be about "content discovery"? As in, those early curators would identify a valuable post and be rewarded for boosting it into Hot or Trending.
Agree with this; at least for a certain time period after the post (say 24 hours). It also makes it more complex for people to maximise their return. This would simplify passive staking for investors as well as following any curation trail would provide maximum returns while still keeping some form of POB intact.
100% THIS!
Let's get this show on the road!
I agree with that. Competitive curation leads to autovoting and curation sniping. If your curation rewards are the same regardless of the other votes, then you are free to vote what you enjoy without taking into account what it might cost you financially.
I completely agree with this as well. With the current system, the curators won't bother to vote a post if the reward is already over 1$. Even though it is a well written epic post. I would love to see this implemented instead of having conversations about removing reward pools. The current voting system has only created many snipers who rush to vote the posts with their big sniping trail in the 3 minute mark.
Even if someone comes up with a plan to change the curation to flat, I don't think it would be implemented because there are many snipers in the top 20 witnesses. 😉
No matter what game you play, you play by the rules of the game. Creating a financial incentive to upvote posts simply creates a game of financial incentive, rather than promoting actual curation.
Financial interests aren't the only values in society. They're not even the most substantial. Curating content should not be about financial matters, but about the value of that content to society.
Want to focus on financial returns? That's what savings accounts are for.