You are viewing a single comment's thread from:

RE: Decreasing HBD APR and Posting Rewards and Increasing the Importance of Hive Power (HP)

in Hive Governance9 months ago (edited)

I typically shudder any time one suggests reducing posting rewards or eliminating them. Percentages are fun though. Dock 10% all while increasing demand. If token value increases, so does the value of the pool. Hard to notice that ten percent is missing at that point, provided token value goes up and stays. If a content creator wanted to make up for the 10% loss, they could hold.

I don't see it working out though. It's just cutting one end of the rope off and tying it to the other end in order to make it longer. Okay it's not that ridiculous but that's just how my head works.

Majority of the people on this planet are not investors. Content could be creating demand for the token, not acting like an expense. Consumers could be holding it in order to support creators like they do elsewhere online. Huge market to tap into there. Those people are throwing money around like its going out of style, and don't seem to care they'll never see that money again and have to work for more, just to throw it away again. Staking tokens in order to tip creators with votes is a good deal. I'd go for that pile of money to create consistent demand. "Consumer rewards" rather than "curation" rewards. Millions of those people, holding. That's the direction I'd prefer to go. Of course anyone who knows me knows I'm just repeating myself and getting nowhere. I could say a lot more. "Curation" nowadays is set it and forget it. Not many actual interested paying consumers around. It's like everyone is buying season tickets for football but nobody shows up to the games. Everyone's getting paid but nobody cares about the product. Defeats the purpose of having a stadium. Everywhere else online the paying consumer is there, front row, every day, enjoying it, and enjoying spending their money. Yup. Rambling...

A woman goes in front of the camera, streaming, as she acts like an NPC. It makes the news as if this is shocking. $7000 per day from the consumers, to the platform, then her pocket. And here we are on Hive not even telling the world there's no real need to throw money away like that anymore. Consumer's money here goes a lot further, they accomplish their goal of supporting the things they like while their money stays in their wallet and grows. That's a big deal. People should know.

Decreasing HBD APR: I give two thumbs up.