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RE: Remove content rewards from base layer? /Yea or Nay?

in LeoFinancelast year

I think along the same lines as yourself. At some point distribution should move to a stake based system like other chains where people can be rewarded for their investment passively like everywhere else.

Creator rewards should come from the different apps that people are using and be funded through investment and ad revenue like everywhere else.

But we are not there yet.

We need the ability to create simple content apps or communities cheaply and easily.

We need lite accounts for people joining and sign up through Twitter or Facebook.

We need smart contracts that can take ad revenue and buyback those tokens from the market.

We need a better market for trading later 2 tokens and the ability to move them cross chain.

Each community would be it's own business and funnel users and value back to the eco-system. It would be up to the founders of each one to ensure their token held its value and generated ad revenue by moderating the content properly.

It could be possible in the short term future if the focus was building these options which the current users could use to built more gateways to hive and soak up hive from the market for rc needed for their members and paid for with ad revenue.

100 inleo sites all trying to attract users and grow their brand would buy up a lot of hive and make their sites even more attractive as prices went up.

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I do believe that this is exactly what my whole existence has been dedicated to building here on hive for the last 4 years now. we already have the community platforms. tokens to follow soon. light accounts we have them in ceramic. its built. its all there. btc bridge is built so no need for centralised exchanges. onboarding is now easy too, especially with light accounts.

we need a bit of defi building on vsc for liquidity and community run infrastructure so the communities have independence from layer one (SPK Network) and we are almost there.

6 months to a year id say

Can't wait until we see the theory working in practice.

This is how we expand the chain and move to another level. I'll be here in six months and probably in six years so very excited about these developments.

Yeah, I think that is a reasonable future progression.