When we have curation groups and various stakeholders persistently voting for users with double- and triple-digit KE, ignoring those who (still) buy HIVE and stake, we will hardly attract new users, much less retain those who are already here.
People are not fools or stupid and don't want to throw money away.
Users with high KE mean they are withdrawing and selling HIVE. I respect everyone's freedom to withdraw what belongs to them. I no longer accept that curation groups and various stakeholders disrespect some and use the rewards fund to benefit the extractors. Besides the extractors, there's the old habit of always voting for the same people – ignoring the others.
People are leaving due to lack of attention. Don't come with the usual excuses: BTC and the cryptocurrency down. Face the problem head-on once and for all.
More information - Support - Reports - Discord
Support engagement with a delegation to topcomment:
50HP - 100HP - 250HP - 500HP - 750HP - 1000HP - 1500HP
True there should be a % scale with the curation groups linked to KE . Although in some cases some Hivians have taken their Hive and put it into another project meaning they may have a high KE but have contributed even more to Hive . Few and far between but i know a few . I know i used all my Hive for Splinterlands cards . Does this mean im extracting from Hive if i am throwing my earned Hive into gold cards for example
Hope it helps @blanchy @cryptoreforma
Cheers Qasim . Great idea .
Implemented when KE became a thing around a year ago
A great example that all other curation groups should follow.
Congratulations on your work and for contributing to a healthier ecosystem.
I’m not a hardliner when it comes to KE. If you have a chance, please read what I think about the subject (you can go straight to 👁 KE = Rewards/Stake Coefficient).
I analyze each case individually because I believe there are several factors that can increase the KE. Some analyses are within my own understanding. When they aren’t, I turn to Abacus.IA to obtain all the information needed to make a fair judgment https://peakd.com/hive-139531/@cryptoreforma/my-hive-monitor. Abacus is a platform that aggregates various AI´s.
In your case, I didn’t even need to spend credits/tokens. I went straight to your HIVE-Engine and saw that you’re a major investor in a token (MEDALS). In other words, you maintain value within the HIVE ecosystem. You’ve never been a extractor, and you aren’t a extractor.
All the KE cases shown in the image—with two- and three-digit values—were analyzed. However, I want to point out that I don’t blame users with high KE.
I do, however, blame the curation groups and various stakeholders who are constantly voting for extractors and ignoring users who keep HIVE staked and (still) buy HIVE. (Abacus.Ia also informs me of this.)
Yeah you have a great system . I should think about this more myself
100% agree on this, I've done this test countless times to check what gets upvotes by curation groups and there seems to be a total neglect there. (I wrote about it over a year ago Link)
Imo what would help Hive is if there was a link between someone their own upvote value and the % of the author payout they get. If your upvote is worth 0.00$ only 20% or so of the author payout with 80% being burned. if 0.01$ is yuour own upvote, it gets bumped to 40%, 0.02$ to 50%, and so on exponentially in a fair way. All this without affecting the curation earnings. (the numbers are just pulled out of the air as an example and by no means are what it should be exactly)
Also KE ratio should include incoming Delegations, that should boost the demand on the rental market.
This would actually give an incentive for everyone that is posting here to hold some Hive Power and do some curation themselves while it allows curators to just vote on the best things without the need to be worried that what they give is just being dumped on the market like in so many cases now.
Anyway, to be fair, right now the author rewards are only a small part of the problem as the HBD overhang and converstions along with the DHF is what mainly has been butchering the Hive Price.
Regarding the post you made a year ago, I partly agree. There are members of the curation groups who use HIVE to pay for contests and giveaways, and in some cases, they have to withdraw it because it’s their salary for curating.
What I don’t understand, though, is why those same members of these curation groups constantly vote for extractors. If they’re paid to curate, they should be more careful about what they do.
“Anyway, to be fair, right now the author rewards are only a small part of the problem.” I doubt it’s a small part of the problem, because DHF accounts for 10% of inflation and the reward pool accounts for 65%.
So the way I see it, is that many of the 'curators' that 'work' for curation groups also only really care about getting some money out of it and operate in the most efficient way, similar as shitposters who just pump out content that without any potential earnings never would be there. So they look at specific communities or challenges and find some users who systematically make posts that look ok or meet the required number of words to be considered 'quality'. They eventually get to a list of users, completely neglecting KE and overall behavior and just upvote those all the time, as it makes it a very efficient way to 'curate' and get some earnings here.
To their defense (if this theory is remotely right), you can't really blame them because it's super hard and not fun to really plow through everything here in the hope to find some actual quality that is underrewarded.
It’s part of a curator’s job, especially when they’re paid to do it. I only understand it when users have little time to do it.
Thank you for your explanation; it’s clearer to me now. However, I think the largest portion of these “Conversions” is the HBD Stabilizer. In other words, a necessary expense.