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RE: Rethinking Hive author rewards: How can we improve the distribution of rewards?
I will probably disappoint many with my opinion, but this is what HIVE serves. For sharing our views with others and discuss... While I do agree with most of your thoughts on this topic, only one is something that is possible to do... The rest will not gonna happen for different reasons, and some of them are listed in the comments by other contributors to this post...
Some of them are protecting your "status" or just being too subjective... You like one thing, I like the other, and we would like to push our "agenda" on each other as of course, I'm right, and not you... The basics of decentralization are still far away from our current way of thinking...
The thing that I would like to see, and it shouldn't be complicated to implement, is better filtering of posts on frontends... Trending posts are usually those that are heavily supported by whale accounts and do not represent the content that is "most read"... Also, seeing posts supported by whales makes them easy "pray" for other whales to harvest more curation rewards as nobody would downvote another whale... It's hard to grasp, but I didn't notice that whales are eating whales...
So, like Google changing their algorithm for a search, we should have more dynamic filters and algorithms for our frontends... Giving more visibility to posts that spark more (REAL) engagement, more discussion, more value...
In the end, all this wouldn't be important at all if we had more utilities for HIVE, more use cases... Nobody would care about the distribution of HIVE if you were able to spend it or earn it in some other ways like it happens on other blockchains... Do you care who mined BTC tokens or ETH tokens? No...
We had a similar situation with HBD when we had a discussion about the APR, the supply growing, etc. But when Distriator came, more businesses began accepting HBD (and hopefully more will come), and nobody found the supply as an issue... I hope that a day similar to that will come for HIVE... We would be happy when someone sells HIVE for cheap, as it has more value, more use cases... You will be happy to see people with high KE as they would be your source of cheap HIVE!
Sorry about being a bit off-topic... Nice to see a lot of comments on the post as it means that people CARE about this place!
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I think this could really help. I've notified both ecency as peakd of this discussion. I hope they can do something with this.
No problem. It is really good to see the engagement on these topics.
Thanks for selecting it for the @ourpick reading suggestions.
Extracting this from your comment, @ph1102:
Would I be correct with my understanding this could be done at any time? Since it would not require a hard fork to the underlying blockchain code itself?
Either way, I would love to see this implemented. I am biased, of course, by my experience as a new contributor of content. That said, anyone with any common sense can see this aspect of participating as one more challenge to overcome.
Why is it still in place, after the passage of so much time? It does not matter what I think the answer might be. Whatever it is, it will be up to others to decide whether it warrants consideration for being fixed.
I suppose it would need the collecting of metrics from different frontends, which shouldn't be more complicated than changing the HIVE code...
I suppose as it was the easiest to implement... As you have all the data on the chain, just pull out the data and sort by upvotes values...
Trending based on post interaction would actually be good. The problem is that by the time most posts are getting interaction they're coming to the end of the 24hr window that gives the best return on votes, so are less likely to receive further votes from accounts that prioritise returns.
You are right about the 24h window and number of views... I can't remember why we did that 24h limit in the first place. To combat big upvotes for the rest of the 6 days?
Maybe it's not relevant anymore and we could get rid of it.. and prolong "life" of posts to at least 3-4 days, or a full week...
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