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RE: The Simple Solution to Hive's Biggest Problems - Removing L1 Content Rewards Completely
Removing the l1 rewards gets talked about often, I have mixed feelings about it. While I can understand the idea, I personally think it would be devastating to the hive price at this point
However, one way to ensure your own content is valuable despite Hive rewards is to join a community and worry less about Hive rewards and more about the community rewards.
If all of you involved in the battle just continued to post and bought into your own autonomous community rewards, it would just become a non issue. If the community was growing eventually the rewards police can't keep up downvotes and the downvotes would matter less as the community token would become more important anyway.
The hyperbolic battle, name calling and having the same exact conversation for 5.5 years is tedious. Make your own community and invest in it. Don't worry about the Hive rewards and the problem solves it's self.
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I could see it being largely negative for the price in the short run (which means an opportunity for more decentralization of stake - or more centralization - depending on who buys and who sells), mostly because Hive's only real value right now is voting, once you get past the amount needed for RCs.
It seems like this would definitely increase the value of Hive in the long run, simply by making it not such an inflationary token.
Most new users, activity, and investment on Hive are all coming Splinterlands, DeFi, NFTs, and L2 communities anyway.
Why would I keep adding value to a platform that has proven itself to not live up to its own claimed values, much less my own standards. I've ONLY used blockchain platforms for years, because I don't support centralization, censorship, or statists.
The thing that has changed is that I stopped being able to sustain the illusion that Hive was different. I just kept "waiting for the stake to decentralize" and putting up with the BS claims of "it's their stake" (same excuse could be used for Zuck's censorship)
But the community hasn't been growing, it's been stagnant or shrinking, since 2017.
Most everyone who tried Steem/Hive along the way has left and won't come back.
Most who've heard of it but haven't joined won't ever - either because it's such an insane learning curve, or because they know of its history (from literally day 0) of centralized BS.
Most have never heard of it. And this isn't going to change... Plus those who do hear of it just end up in those 2 categories above...
I agree, and that (the fact that nothing has changed) is exactly why I can't support Hive.
Already done plenty of that.
That's not the problem solving itself - that's just choosing to ignore centralization, censorship, slander & libel by the people running things.
Just because it's possible to minimize the impact that Hive's inherent problems (combined with the behavior of pro-violence advocates holding stake) can have on you personally (like declining rewards as I did on this post), doesn't mean that the problem gets any smaller, much less goes away.
The simplest way for me to put this is that I wouldn't put out content for Facebook, Instagram, Twitter, or any of those others - even if they paid me, because they go so totally against my principles.
As much as the mythology (that I foolishly believed) says otherwise, the same is true of Hive.
The ninja-mine being kept as their own private piggy bank should have been the last straw, but the community was SO active then that it sucked me in.
I'm not going to respond to each point.
In the end knowing the centralization and focus of the large stakeholders each user has to make a decision of whether or not to participate and if their engagement here brings some value to them whether it is monetary or otherwise.
As I like to say, you know it's DPOS and who the stakeholders are, analyze that and invest accordingly.
"Most everyone who tried Steem/Hive along the way has left and won't come back"
Fully agree - 90% of my friends on Steemit or Hive over the past 5 1/2 years have quit in disgust.
Not entirely - if everything you post (including comments) is nuked, your rep goes down. The lower it gets, the closer it gets to a sub-zero blocked out account - I already have two of those so I know it happens!
I mostly curate from the Leo page, they can show what they want and ignore Rep if they like.
VYB for instance could just use their own calculations and have their site ignore rep.
But I hear ya, it's a hit and it can be frustrating I went through quite a phase of receiving it as well.
Posted Using LeoFinance Beta
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