I more and more feel like earning $ from the inflation through upvotes is not attracting the right type of users to the platform. Not sure how to explain but let me try.
Before STEEM and HIVE existed, when most users comment on a blog post or a vlog, it's because it's quality content (not counting trolls and haters...). Someone would start blogging because they want to share what they like doing, some might want to do it for ads revenue but might stop because it does not pay enough for the pain. So most activities are around good content and great authors get rewarded via ad revenue because they attract more traffic.
With STEEM, you get paid for posting anything, even a single word. You then get paid for commenting a single word to that single word post. The more HP you have the more you get paid. So users who should not be authors start to post stuffs so they can make $, users who don't know what to say start saying silly stuffs hoping their comments will get upvoted, users start voting high payout posts hoping to get a bit of it, autovotes also helps.
Before Steem/Hive, were you scouting the Internet to find posts to read every day? But Steem/Hive wants you to go find 10 posts per day to upvote if you want to make make $
Maybe authors/curators rewards should be something else than from inflation in order to create genuine activities?
Or maybe the voters could take responsibility for what they vote?
Imo, the best thing the largest active stake holderscould do is support hive-dr and other abuse fighting community projects.
The coins going to fewer strong hands is not exciting to those not getting them.
I know down voting is not fun, but if hive is to 10x doing the same thing day after day is not cutting it.
I still like the whale experiment, no voting in excess of 800mv, or even better, 500mv.
Only 70 mostly inactive accounts are impacted by this, but they have demonstrated their greed clearly.