Regardless of all these slight concerns: I've made it abundantly clear that I am a stanch defender of high inflation. If it were up to me I'd rewind Hive's inflation back to a flat rate of 10% a year. Anything we can do to increase inflation and put that power into the hands of citizens themselves is a good idea and promotes network growth
(@revisesociology hasn't done another report since)
Reconcile?
If the equation stays the same, inflation just goes back into the large accounts (with the illusion of spreading wealth/network effect, blah blah..)
That’s only a three-week period. To get an idea where trends are going, it would be more valid to compare a current @arcange report to one from six months or a year ago.
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heh man I've gone from 0 to 200k Hive and people are still like "but the rich keep getting richer!"
https://peakd.com/hive-133987/@arcange/hive-statistics-20210416-en
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Explain how inflation is somehow siphoned by the wealthy when everyone has the choice as to what they upvote. There isn't some magic lever that puts a higher percentage of inflation into the pockets of the rich here. This isn't a central bank where they can just print money.
Consider that perhaps if a wealthy account is acquiring more stake they're actually bringing value to the network with development or buying stake off the open market.
DPOS is a positive feedback loop (oligarchy + sycophancy- i.e not merit).
This is illustrated by the wealth movements (or lack of).
It's not new - it's since the early steem days.
ALL postive feedback loops are unstable mechanisms with a wealth transfer upwards.(in economic terms).
...it's not ideological, it's mathematical. It's a dynamic seen throughout all of a nature.
Negative feedback loops lead to stability, and to merit based success.
It's a dynamic seen throughout all of a nature.
Word salads may give the illusion to the masses, of a pig looking like Marilyn Monroe,but the make up has to come off at some point.
..
Look at who upvotes my posts, Kumquat.
Literally impossible for me to circle jerk because the people upvoting me don't post.
Jack ass.
I went to 200k because I bought the vast majority of my own stake, moron.
Look at the numbers.
https://hiveblocks.com/@edicted
I've only made 31,242 Hive from blogging rewards.
DUH!
Do everyone a favor and Wake up from your delusional slumber.