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RE: Rethinking Hive author rewards: How can we improve the distribution of rewards?
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?
you have never powered down
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.
Of course we can find positive ways -- which is why I distrust people who propose punitive, terroristic measures -- it is a failure of imagination indulged in too often by privileged people who think they are not going to get hurt in the doing. And, YES, it will lead to dictatorship if enacted across the chain because that is always what happens when a group of people decides they have the right to determine punishment and reward -- life or death -- over a whole community of human beings. The devil and mankind, in Scripture, committed the same sin: they wanted to be like God, determining good and evil, punishment and reward, life or death. All dictatorships tend to function exactly the same way ... which is why some of us know to get loud and nip things in the bud. The Hive big-time powers that be know that for the sake of the chain's reputation as decentralized and free, they cannot afford that kind of thing ... and so do I. There is a method to my madness!
Now, about positive things: we have Distriator and SpendHBD as marvelous models of how to help people deal with their lives while also driving good for Hive itself. So, if we want to have people hold their HP, how would we use the same creative thinking? There are things that can be done on a coding/witness level:
Increase the interest a bit on HP, since we have already brought the interest down on HBD to 15 percent from 20 percent. Even five percent interest on HP would be an improvement.
We could have communities offer a community HP pool -- this is kind of what Snaps does as we vote on the little heart and Comment Rewarder distributes portions of that back to users who engage. This would allow communities to build a more powerful community vote for its members, and would incentivize users to power up and delegate more and help each other get more rewards overall. The problem with this is that you can have a good number of users who will have over-delegated compared with the size of their vote and governance ability -- but what we also will have created is an environment in which holding HP and powering up Hive directly helps a community prosper.
I'm sure there are going to be even better ideas once we buckle down as a community to generate them ...