You are viewing a single comment's thread from:

RE: Hive | How To Fix The Tokenomics !

in LeoFinance • 27 days ago
I think the rewards for posts are mostly based on luck

I would say that to get rewards here and do well (especially for new users with no stake), it's not luck, but mostly a matter of looking at what kind of content gets upvotes from curation groups and bending your way around them. The problem is that it makes a lot of what it on Hive feel like fake pretend content just there to get upvotes. It's funny how many people who have been here for years with daily content and never made movie reviews all of a sudden became full time reviewers because you are near guaranteed to get curated since scrobble.life came to life.

I still think the right way to go about it, is that people have some kind of passion and want to make a blog around it which, as a side effect, potentially earns something, and not like in most cases where people just want to earn something and then start blogging about what achieves that goal most efficiently.

I kind of like the auto-upvotes, but it comes with a certain level of trust, as you don't want to have people on your auto-vote list spamming content just because they know guaranteed votes are coming.

Your blog really feels genuine and your wallet also shows that you are a net positive for the Hive ecosystem. That is why it's easy for many to put you on their auto-votes and rightfully so. Sure there are always others who get more and for some it might not be fully feel fair but I guess that's life (it's not always fair).

For as far as Hive Savings go, I generally don't like the concept of 'staking coins just to get more coins' as it's kind of a circular. I rather give Hive more use case by requiring everyone who blogs and gets author rewards also to be a holder of HP to get the most out of it. This will push more toward leasing HP which should increase the Yield for investors who lease out their HP.

Sort:  

Thanks for your response. I think we on agree a lot parts.

it's not luck, but mostly a matter of looking at what kind of content gets upvotes from curation groups and bending your way around them.

What I meant with luck is, that if you have the luck to have a following that autovotes you, you can post whatever you like and still get upvotes.
Publishing what gets upvoted most also kills the diversity. The short media platforms get overloaded with 'game achievements' at the moment that it's not even fun to scroll through them anymore for me (yes, I can use the one front end that filters them out, but that is not a solution to the problem).

The problem with autovotes and votes without reading content is that the rewards get too centralized. Do I deserve more for my posts than someone that is new? I find it unfair that a newbie, that posts the same content as me (or even better) doesn't get the rewards because they are not autovoted. Then they need the luck to have a real manual curator to check their post.
For them it's not very encouraging to see their posts with no upvotes, comments or rewards and others earn a few bucks on an automated post of a 2 kilometer walk they made.

If the inactive autovoted could earn more with their stake by putting it into savings, the people that really curate would have more weight. And I think in the end it would benefit both the content as user retention on Hive.

I kind of get where you are coming from and agree that those who get Auto-votes can quite easily abuse them, and it also centralizes the voting power quite a bit.

At the same time, it's not realistic for anyone to browse Hive daily, plowing through all the garbage to find something great which on top also comes from an account which is good to Hive. Nobody has time for that. I kind of like the idea behind Auto-votes in that it's some kind of patreon equivalent. You find people here you like, trust, and want to support in what they bring and to do so you put them on auto-vote. In reality though it mostly is more an 'upvote4upvote' dynamic.

However, the idea about creating a genuine blog and gathering a real following that eventually over time results in friendships and some auto-upvotes is one that I kind of like as long as it's not too much and it doesn't get abused. What curation groups should do, is scout for newer users with good content. Somehow they tend to end up upvoting the same people over and over again completely neglecting the KE Ratio, I think because they also often are lazy and here to earn a quick buck in the most efficient way.

Hive just remains a platform with a lot of flaws in it that need some fixes in one way or another but not much really gets done ever. or at least it doesn't feel that way.