This could have been done better. It was just poorly executed.
They should have made an effort to at least make the content being pushed out valuable.
Now to comment on something else, I don't think dumping hive for HE tokens devalues hive unless those that get their hands on the traded hive tokens proceed to sell them externally because all is internal up until that point.
Good point, I wasn't sure about that part when I was writing it.
Point is they didn't even "grind" their way into curation for as you say providing content, social interactions and all other things we deem valuable when curating posts/authors. They also went ahead and replicated the same system on different accounts to increase inflation going towards this scheme.
Some people just think inflation comes from the trees and it doesn't matter what it is used on.
I think even into the future, a lot of people will want to capitalize on Hive's content reward pool and most of what those funds will be used for may not directly benefit hive.
But the problem today is that people don't seem to understand that how these funds are acquired matters.
If it is acquired in the way it was originally designed or intended, which is valuable content gains votes from curators, independently, then no problem at all, otherwise, the community will push back.
Maybe not in the beginning, but at some point.
I'm not sure why people don't understand this.
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