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HIVE managed to create a successful rewards program. I think the platform would have a great future if we focused on that strength.
Unfortunately, the players in the platform keep using HIVE for get rich quick schemes like the BRO ecosystem, the Leo Strategies fiasco and the 20% interest on HBD.
The HBD scheme is the most problematic scheme. So, we were paying 20% interest on HBD. The problem is that HBD can be converted into HIVE, Just this year we've seen over 550,000 HBD converted to about 11 million HIVE.
The interest swamped the HIVE ecosystem.
One thing people can do to improve HIVE is for people to go to their witness list and remove upvotes from people wanting more than 10% interest and voting for active witnesses who selected 10% or less.
Voting down the HBD interest rate indicates to the witnesses that we are tired of the players playing get rich schemes and want leaders who focus on the protecting the value of the rewards pool.
!WINE