What if Hive introduced a savings system for HIVE, similar to HBD Savings?
We could reduce the author and curation rewards to give the savings a nice interest rate for locking in your Hive.
I think this would stimulate holding and buying Hive.
What do you think?
Disclaimer:
I have little knowledge of how Hive tokenomics work at the moment. I just wanted to have a discussion about how we could improve things, like many of us do in the discord channels.
The current author and curation rewards for blogging isn't sustainable I think.
Would be nice! 😊
Isn't that just HP? We lock our Hive for power and get APR via curations; the majority are using auto.votes anyways so it's bascially just a savings account you can set and forget.
Add in the Hive-engine curation rewards, and your savings can grow exponentially; simply delegating to or following @slothbuzzcurate curations manual trail, for example, can help you save without saving. One could say it's a #slothlysavers way to do things ;)
I see your point, but I don't think curation and author rewards a fair savings model.
If you are lucky to have many autovoters you receive a lot of rewards. That doesn't necessarily mean you created better content.
Besides that I think autovotes is difficult for new investors.
I agree, it's not the 'perfect' savings model, but it is one way to look at it.
I don't think a normal 'savings' account would work; that's basically just staking without getting the HP, which seems to defeat the purpose of Hive.
Everything is still hard for new users; hopefully we can make the whole process easier overall. And as for auto voting, i'm not a fan in general, it does help smaller users if they can find a trail to support them, but overall, I think most user actually lose value by having trails voting for them. It means a lot of curators who would vote on your post don't bother, as they've already voted as part of a trail, normally at a fraction of what they would vote.
Autovote is only really good if you won't be active for a while.
What exactly is the purpose of Hive?
And curation doesn't work either as it should as people upvote content without reading it.
Not a bad idea. Sounds good.
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Meh, the financial side is not the problem. The lacking of the Social side is...
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