New Comment On Removing Post rewards.
Would it not make more sense to change little and instead if someone selects to power up all of their post rewards at 100% then they earn 100% of the rewards because they are betting into hive and showing commitment for doing so. (They can always power it down but it's a lower term thing of 13 weeks of which each week they get a small payout)
If they select the 50/50 option it would simply pay out 80% of the reward while the other 20% of the reward would get burned. The UI would have to be updated however to truly reflect a change like this. Or something along the lines of this where a fully powered up blog post with no liquidity would hold more of the reward then one taking 50% liquid.
Applications are also a huge thing for hive of which there is a massive lack there of.
Right now people see hive as a social media / article marketing site of which you cash out from. It pays you to write articles, threads and videos. That's what people expect from web2.0 social media that they get paid for creating the content and cash it out.
So unless you change that mindset (which I don't think you will because it's been branded so hard) then hive needs to figure out a reason as to why people WANT to hold hive in this cashout ecosystem. That might come down to applications. There still no real good NFT market for everything like games etc. There no ad revenue like a social media platform would do to boost revenue and growth for their stock (which honestly the hive token could be looked at as owning a share of hive) so unless those fundamental things are address hive is ALWAYS going to have an issue with a constant draining of funds. It's seriously not that complicated. Those two core things need to be figured out and then addressed.
- Why would someone want to hold any amount of hive and better yet build upon that holding.
- How does hive generate revenue if it's going to be constantly pushed as an article marketing, social web3 blockchain?