RE: Reducing the mass extraction of Hive!

I agree that extraction is a big factor in pushing Hive's price down. To me, it falls into two parts; DHF extraction and HP power downs that are extracted.

For the DHF, I'm just going to bang my favourite drum and say that it ought to be giving loans not grants with the exception of security and core maintenance work.

For HP extraction, it's a difficult one because everyone is here for different reasons. For example, someone running a witness node needs to be able to pull out at least enough to cover the power and hardware costs for it. Other people may need to periodically pull value out to cover real life emergencies. Personally, I'd like to one day at least take out enough to cover my initial fiat investment.

I can think of a couple of simple solutions to reduce extraction. Hivers running auto-vote apps could enable users to write some additional simple rules; it might be as simple as not auto-voting accounts below a specified KE ratio, not auto-voting those which haven't curated in X days or haven't commented in X days (or perhaps have made less than 3x more comments than posts). To me, accounts that aren't commenting or curating much are red flags for AI-bot extractors. I also think that if all rewards were paid out in HP, not a mix of HP and HIVE/HBD, that could also help.

Hive will keep going as long as there is one remaining witness and a couple of active users, but it would be sad to see it like that. If it's to turn around before it's too late, we need to get the price stabilised and on a gradual steady upward line by solving the extraction issue, encouraging people to stay rather than drifting away. To get real growth again, we need to use the awesome power of the Hive blockchain to come up with apps which significantly appeal to non-Hivers (and where the blockchain and any mention of crypto is effectively invisible) by coming up with games, financial apps or utilities that focus on simplicity and privacy.