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RE: That Idea of 'Removing' the Hive Rewards Pool

in LeoFinance7 months ago (edited)

Removing the rewards pool is an insane idea. The network effects of Hive would be gone in a moment. The rewards pool is the mechanism by which the community of users come to own the network. While there are other mechanisms that could work in theory, this is the only one that is actually working now in practice, having worked through the problems and growing pains of the last few years.

Hive without the rewards pool is basically a completely different project, so what I would suggest is that if people believe that would be a worthwhile project, they should create it themselves either by forking the Hive blockchain in its current state or starting a completely new blockchain.

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Hive without the rewards pool is basically a completely different project,

Exactly. It's what makes Hive, Hive as Jessica puts it in her comment. It is not only us who are creating content that get affected but also those who are mainly earning through curation and if I understood correctly, the smaller frontends too.