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RE: Rethinking Hive author rewards: How can we improve the distribution of rewards?
If you mean understanding how not to run off the last 140,000 users -- or last 5,000 users, and getting a grip on the selling, here are two things to consider:
The big accounts that drive inflation are HBD Stabilizer and the Decentralized Hive Fund (DHF) that we vote on to fund projects -- those funded sell to pay various workers. It is not even the little accounts that drive that -- see Dalz's data from July 2024.
If you want to know how people use their money, it is not hard to see if they have powered down more than they have powered up; they have a wallet, and in PeakD at least you can click to see just that information. Rough add what they've powered down to what they have left. I know from having done this that you have never powered down, and have been powering up fairly consistently since Aug. 8, 2017. That took thirty seconds to determine -- if I had stopped in February 2020 when Hive proper starts, it would have taken me ten seconds. I presume we are all adults and can add ... and so I already know that attaching Krampus to figure all this out is completely unnecessary. It ought to be worth thirty seconds of our time, and maybe another minute in "All Posts" to discover the circumstances of people's lives instead of beating and eating them into submission. Had Krampus and Plonkety Piano not been involved, I would not have said that part ... but here we are.
I'm asking everyone to put in 90 seconds of caring about their fellow community members, or at least about the fact that Hive cannot survive too far below the low figure of 5,000 users and will run the risk of ending up on the altcoin ash heap of history in the next bear if indeed the number is that low and we run any significant number of them off. More of us can participate in how the DHF is assigned, and we can look at HBD Stabilizer and if is fit to purpose. It is SO EASY to punch down on people from nations still trying to recover from having EVERYTHING extracted from them by people raised by Krampus ... but it is also the wrong thing to do in the same way that colonialism and genocide and enslavement and all the reigns of terrors that went with that are wrong, and on top of that will not even work. I'm asking us to consider who we are going to support by considering the people as actual people, not just "extractors" to be dehumanized as such, especially since no matter what we decide relative to a content creator, Hive is going to keep blowing money out the door until we address the bigger issues, and the only thing we can do relative to a content creator is send one more person out the door and Hive's visibility and reputation closer to a death spiral.
I am an ACTUAL crypto investor and author -- I am a model of the very person Hive needs to attract. I know how the other half thinks and invests. If the true number is down to 5K, we are already in HUGE trouble. Even if it is at the Hive Five figure of 138K, we are in trouble. We are not growing. We are dying. Krampus and Plonkety Piano are not the best advocates to save lives. Keep that in mind.
I fully agree with all you've said here. I don't really know much about the KE thing, but I assume some are actually using it. This is what I refer to as a form of dictatorship if it were to be actually implemented in the blockchain by the witnesses. I don't believe they would, however. Their ethos is decentralisation and that doesn't fit with it.
We can't force certain behaviours, only express them as desirable and demonstrate them, which I'd certainly encourage people to continue doing, even if they feel like it's not working, because it works more than we realise. The dilemma I've been pondering for some time now is if and how this positive kind of behaviour can also be profitable enough to encourage more to behave that way and increase the desirability of Hive in order to increase the price. Keeping HP staked is only one part of the equation, so while I get that this is what the KE thing is trying to address it misses everything else and could even undermine other aspects, such as the places who've made a use case for HBD (Venezuela's Hive Sucre for example). Not to mention it driving people away, which is obviously not good for increasing desirability of the coin.
It's hard to say what small accounts can do to help with Hive price. It's certainly in the best interest of those who need Hive to make an income to help keep it's value high, so if they could do something to help I'm sure they would. The carrot is always better than the stick in my opinon, so that's where I'm always going to put my focus. I have in the past written about other ways we can earn liquid Hive here while not powering down, although I realise sometimes people will need to power down.
Now I'm trying to remember, if we convert Hive to HBD in our wallets rather than purchasing it on an exchange, does that burn the Hive?
I powered down to leave Steem. 😉 Not something a lot of us would ever have imagined doing, but it's put to better use on Hive, so there is that.
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