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RE: HIVE inflation reduction: thoughts on the next hard fork

in #witness4 years ago

I'm all for it. I actually didn't read this post before my rant on MM, but it seems we've got similar thoughts. For the %, I'm not sure whether it should be .33% for witnesses, .33% for DAO, and .33% for post rewards.

Currently, far more people are benefiting from post rewards than people are benefiting from the DAO. I mean, DAO payments are very focused on productive work, but I doubt that any company would pay a few devs full 80k+ USD salary, while their company is struggling.

We should also think about burning some of the HBD within the DAO.

So maybe something like..

0.15% for DAO, 0.35% post rewards, 0.15% witnesses, 0.35% staking rewards.

Oh and now that I remember, I even wrote a post about sub 2% inflation as well 😃

https://hive.blog/steem/@therealwolf/steem-2020-reducing-inflation-to-less-than-2

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Os this a joke? I think 33%33%33% is a bad blend.
What about inflation for holding hp. I can add.

Why are witnesses and developers going from 25% to 67%? Do they really deserve to be rewarded with Hive going from 30s to 160s.

Did they not already fuck this crypto over enough?

Key point, you want to increase value, give me a reason to buy Hive from a consumer point of view.

The quality of posts is already junk. Lowering rewards will not improve quality, it will just mean more boring junk so the "pro-bloggers" can continue to support themselves with nonsense that no one wants to pay for.

I no longer trust Hive as a good investment. If I buy some I'm just helping people who don't deserve my money. I may as well speculate on XRP or Tron.

I can make more money holding usdt, lol.

Did you read my comment fully?

0.15% for DAO, 0.35% post rewards, 0.15% witnesses, 0.35% staking rewards.

I meant it as a top-level comment, I just pasted it in here, by accident.

Actually, our thinking is in line regarding what any new mix should be - assuming the recovered ninja mined isn't burned. If it is burned I think 50% going to devs and witnesses would be appropriate. Going above 50% isn't very appealing to anyone who isn't an insider or skilled.

Hey Wolf,

Are you one of the Hive witnesses that owned a stake in Steemit Inc?

I'm not trying to roast all Hive witnesses so I have to rule out the ignorant ones.

I didn't own anything regarding Steemit Inc.

Why do you think other witnesses did?

When Dan left Steemit Inc he gave away his shares...

I keep being getting flabbergasted by how little Hive witnesses know.

So you're telling me you don't know @blocktrades and several hive witnesses are beneficial owners of Steemit Inc?