I am confident all the eyes most respected in the crypto community are watching Hive, if only with sidelong glances.
Two critical issues I hope we soon resolve are the terrible weakness of DPoS to decentralize governance. That's what felled Steem, and other than a 30 day delay in applying stake to witness voting, remains identical on Hive as it was on Steem. Nothing is more centralized than money, stake. Adding an additional factor that prevents the richest stakeholder from seizing totalitarian power to govern Hive will be necessary to prevent what happened to Steem from happening to Hive.
Another is the threat of financialization. That is what destroyed the Roman Empire, indeed, what created the Roman Empire out of the Roman Republic, and is doing exactly the same to the governments of the free world today globally.
The central thesis of Steem, and now Hive since Steem has been seized through DPoS, is decentralization of the financial benefits through curation of the value of content to it's curators. This is achieved through author rewards.
However curation rewards do the opposite, centralizing stake, utterly degrading the purpose of curation that society has always had to recommend quality content, in favor of mere monetary increase; financialization, and not curation, is the result of curation rewards.
This is why trending has always been shit, and was actually worsened by HF21 when curation rewards were increased at the cost of reducing author rewards. @edicted has proposed and well explained savings accounts that would better return on the investments of substantial stakeholders without degrading the very raison d'etre of Hive.
Better minds than mine are certainly cognizant of this, and I can but hope their financial interests do not prevent them from solving these problems before those problems solve Hive in the same way they solved Steem.
Thanks!
Thanks for shilling my bank account idea. It's not getting much traction. I think if such a thing was implemented we could even talk about abolishing the zero-sum game of curation. If you want ROI simply deposit into the bank accounts.
Add to this the ability to use the bank accounts to double as collateral for loans (HBD creation and destruction), and we can fix HBD and peg it to the dollar x1000 better than it is now, while keeping the money in the bank accounts locked their if users took out said loans.
As long as the reward pool stands as a valid way for wallets to earn through posting (widening distribution), I am fine with doing away with the arms race that is curation. Your banking idea is quite good! I will read more about it!
I'm sold on the idea. It would be good for Hive. It's a good idea, from a witness even.