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RE: Reward Pool Town Hall

in LeoFinance5 months ago

There's a lot of good thinking and wisdom here.

"The status quo is the status quo for a reason. Something about not fixing what isn't broken."

Not broken for whomst? A shortcoming of Hive is that it's a plutocracy that benefits stake, reducing society to a venue for stake, rather than the reverse. Society is the basis for the success of social media, and social media is the dominant industry in the world today, having dominated the markets since it's advent only a few years ago. Hive isn't matching that economic performance, in fact is lagging terribly, for reasons, and that is misaligned rewards that benefit few oligarchs with large stakes because it is a plutocracy like the legacy financial system.

It's not optimized for crypto, as you've noted about bonds.

Simply not being eliminated from the market doesn't mean it's not broken and vulnerable to being destroyed, as Steem proved. The oligarchy doesn't consider it's broken because they are the beneficiaries of the bugs that require them to abuse flags to keep it small enough to be beneath the notice of the shoals of sharks circling the little ponds looking for little fish to gobble up. As long as Hive is a pure plutocracy, that vulnerability will continue, and the oligarchy only gobbles up the majority of the rewards pool because Hive is broken in the way it is.

Perhaps your thoughts about bonds and crypto hold the key to fixing what ails us.

Thanks!

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The oligarchy only gobbles up the majority of the rewards pool because Hive is broken in the way it is.

The oligarchy:

image.png

Yeah?

Edicted is the oligarchy?
Taskmaster is the oligarchy?
Lordbutterfly is the oligarchy?
Trumpman is the oligarchy?
Bozz is the oligarchy?
Tarazkp is the oligarchy?

Again you are one of the numerous users to fall victim to the "it sounds right to me" mindset.

Your words make perfect sense to me...
But the actual data provided proves the opposite and it continues to be ignored.
Perhaps this is the real epidemic: people insisting that the system is broken and ragequitting the network when it's actually working exactly as intended.

Whales are not taking the lion's share of the reward pool.
Why must you keep insisting that they do?
It's not even up for debate.

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