RE: Although subjectively downvoting posts to zero is anathema to me, the Layer 1 ability to do so must remain (for now at least)

All these discussion is leading to if we want rewards at all on the Layer 1. More and more I am geting inclined to that we do not. Layer 1 can just be for the stakeholders we move the author rewards to Layer 2. Which is basically the main content of this post.

That is certainly an alternative that merits discussion.

I have often felt that the current model is not very investor-centric. I don't know of many investors who would want to bother with 'curating' in order to maximize their investment.

With that said, Hive's value proposition is far deeper than social media. Keeping social media rewards as a Layer 1 feature need not be a sacred cow, imho. However, I don't see any immediate advantages to eliminating social media rewards from Layer 1, and there would definitely be disruptions associated with doing so -- and thus unforeseeable unintended consequences.

A middle-of-the-road solution might be to enable stakeholders to 'delegate' a portion of their HP to a special account that continually self-votes half its HP (i.e. allows its voting manna to exceed 100% exactly half the time), then returns 100% of those rewards to the delegators. Basically, that allows investors to choose whether they want to curate or whether they just want to bank their would-be curation rewards, without hassling with curating (and they can choose how much of their stake they want to apportion each way, and can change that percentage from time to time).

The advantage would be that the reward pool will be larger (because the special account only votes half the time) and there would be much fewer autovoters muddying up manual curation efforts.

Hi,

there is no binding contract between the founders/operators of this blockchain and the individual users.

Everyone is liable for their own content, as happens, for example, with the use of images and texts that someone publishes as the author. You are relying on statements made by individuals or on a paper that is considered a guideline but does not call itself a law, which the operators (or witnesses) would take legal action if it were disregarded. Basically, they have no authority to do so, as they are exempt from such obligations. You don't have a clear situation here, even though you might prefer that.

Since the nature of blockchain in relation to blogging is something entirely different and still new (compared to private blogs or other media channels where there are clear payment modalities), I think it is understandable that someone would not consider their post as a "draft" but as a finished result. Understanding the seven days as a "holding pattern" is quite a lot to ask, when opinions and reactions to a publication can and do arrive from minute one. (Also, marketing differs).

In principle, it would be wiser not to vote or comment on a contribution as soon as it is published, but only towards the end, in case the author still makes changes. But since the function exists from the moment of publication (including monetary incentives), most people consider their own post and the posts of others as "completed" and I don't know anyone who seriously changes their own piece so much that it would take up, for example, a change percentage of over 20 percent. I think, this contradicts your statement somewhat about the 7 days. I find it anything than simple.

I don't know what difference you make between authors and stakeholders. Everyone is a stakeholder, including authors. What makes you think they don't have a stake? Once you collect value in your wallet, you are already a stakeholder, aren't you? The moment you theoretically put yourself in a position to trade cryptos, you are a holder of cryptocurrency. So I would like you to explain what you mean by this statement? Are you referring to the operators of the servers, the determiners of the content regarding the hard forks, the so-called witnesses? Who exactly do you mean by stakeholders?

Thank you.

Problem with removing voting rewards, I don't even like calling them that; I call it token distribution of the base layer governance system. We are on a coin voting platform. The inflation is lowering every block until it'll be sub 1%. 1% inflation is very very small, but will still play some role in further decentralizing governance. If we make the mistake of allowing only one group of people IE Miners, Dao contractors, or whomever, we could fall into centralization before we know it. I know some will say some people just power down and sell, but id always wager and say we have some very, very long term outstanding hivers who earned a lot through creating content and being active. For every 1 loyal hiver PoB has created, I'd trade you a dozen short-term dumpers. As inflation lowers, the dumping will have little to no impact on price, but the loyal hivers we helped mold in the early days will continue to shape hive well into the future.