5 years ago in DBuzz by patrickulrich (69)
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Fill us in on @dbuzz, @patrickulrich about who is saying what and I will have @jacuzzi make a post w/our position on the official @dbuzz account.
#DBuzz is pretty much the place where I get 99% of my #HIVE information, minus when I visit the #Trending page.
HIVE.D!
Agreed!
Don't forget https://d.buzz
We make updates to our ste every week 👍
uh, again changes? what now?
There's a growing list of users calling for the ending of post rewards and moving to only rewarding those with stake.
https://peakd.com/hive/@therealwolf/why-the-next-bull-run-will-matter-for-hive
That's like a Proof-of-Brain, but those with "brain" are not incentivized to share their knowledge because they will get no rewards.
I agree with you against this rewards update.
Sounds like the mining with the stake. Whaleshares and Golos.Id installed the same. Value of the coin deteriorated and they lost a lot of users, development is affected too, but they also lost a lot of spam and abusers. On a scale we should look what is the best long-term solution. System is very complicated for me to even know where to start thinking about it.
Agreed on what happened with the other chains but I don't think the abusers left. They just didn't have to work to sneak in their abuse anymore since they were able to just get tokens without seeking consensus. Those kinds of users then don't have to work for the token and are much more inclined to sell off the tokens versus using it to increase their influence on rewards. This leads to a price decline for the token value since users have no reason to buy to increase their influence and the sellers just push price lower.
I seen someone else leave a comment that explains it well. If witnesses really support that concept then they should have no issue with removing witness rewards from the chain. If they need to be rewarded for their efforts then we'll just issue a second layer token and reward them with it. If they expect non-chain level tokens to be good enough for users then it should be good enough for them as well I would assume.
This is stupid . . Can you list the people saying that so that I can also remove my votes for them?
I'm just sitting down to listen but I see @theycallmedan has made a new video about this topic as well. I'll edit with impressions after watching.
https://peakd.com/hive-181335/@theycallmedan/mvslcohq
Okay.. I will watch that too.
I have to admit, deciding on for or against something like this is probably above my pay grade.
Deciding what's best for #DBuzz is easy enough for me, especially since I consult with other people.
Deciding what's best for #HIVE is MUCH harder!
IMO it makes sense to roll out SMTs before thinking about removing the reward pool @therealwolf @ats-david 👍
I agree that we would need that solution/option available before removing the HIVE/HBD content rewards. I don’t think I’ve said otherwise.
@therealwolf - https://peakd.com/hive/@therealwolf/why-the-next-bull-run-will-matter-for-hive
@ats-david (presumably @ats-witness) - https://peakd.com/hive/@ats-david/a-vision-for-hive
I presume there are others but I've not seen public statements from them though will be watching for it.
The post by @ats-david was well written, and at 1st I scoffed at the idea since our #GamePlan on @dbuzz is based on #HIVE having a reward pool
But if push comes to shove, and @therealwolf + others lead to the removal of the reward pool, we will make our own reward pool 👍
How will new d.buzz users power their accounts? Are we to expect that users will begin paying stakeholders to buy their resource credits just to interact? I don't expect that ends well for the second layer community's growth.
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That is a good question.
If they removed rewards from #HIVE, which will likely happen when the inflation rate is 1%, if not earlier . .
The burden of resource credits might fall on each individual front-end somehow?
I'm reading the comments of the post right now @patrickulrich.
This will pass easily. There's really nothing you can do.
The reward system will move to the second layer. Leofinance a good example.
What can be done is make them wait to change the base layer reward system until the second layer reward system is established.
Unfortunately I'm afraid you are correct which is quite disheartening. How will new users be able to power their accounts with resource credits under a system like this? Are they just expected to buy RC to interact. I don't see that being good for the growth of the ecosystem and all second layer tokens.
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#HIVE rewards is eventually going to go away anyways, as the inflation will eventually go to 1%.
And assuming there are A LOT more users in the future, the earning potential per user would be small.
I agree with delaying the removal of the reward pool until SMTs are launched 👍
You run/ran a sports community + token through Steem/Hive Engine. Are you saying that this is not a viable option for any/all communities, even a general one that simply copied the current system over to layer two?
You obviously thought that there was a possible solution with it but you now dislike that others agree with your previous assumption?
I don't have an issue with second layer tokens. My issue is with dissolving the rewards pool for future users to grow meaningful account resources to interact with second layer tokens.
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What are “meaningful account resources” and why can’t they be grown via second-layer use and rewards?
I was referring to Hive Power for the necessary resource credits to support user's posting to earn the second layer rewards. I've reached out to countless people offering free accounts for Hive with little success onboarding users into STS. I can't imagine asking people to do it while asking them to put in money too.
It would be no different than needing RCs on the base layer. If you need X amount of RCs to transact in the current setup, then you would still need X amount on layer two. There’s no addional money that would be needed from a new user.
But on layer two, community/site owners can more easily handle account creation and delegation for their own users. If you want to run a site/community and create a token, then you ought to be able to handle the onboarding, otherwise you end up with the same kind of bottlenecks and stagnation.
I don't share this same opinion. If I'm a new user under the current system I have roughly enough RC for a new post every other day if I remember correctly without HP. I make a new post and get upvotes on it earning HBD, HP, SPORTS and LEO. After a week I'll now have enough HP to make posts every day and potentially more.
Under a new system with no rewards I would only earn SPORTS and LEO after the first week. This means I'm still limited in the amount of interactions I can make on chain so I can't grow nearly as fast. This would also mean that I would need to sell my SPORTS and LEO tokens just to get the necessary HP to power up. This creates additional understanding for a new user to actually be able to use the ecosystem since they'll now need to figure out how to use a market to offload community tokens for a token that powers their account actions.
Not only will it create more education for new users but it's going to be even harder for them to obtain HP. Since SPORTS and LEO have a downward price pressure from users selling to buy more HP they won't be able to get nearly as much Hive for these community tokens as they can now. Not only that but Hive will become more expensive since it's inflation would likely be lowered creating a more scare resource from the start.
How is it any easier for me to manage account creations or delegations in that second scenario than it is under the current one?
While I do applaud their efforts of trying to think of new ways to revitalize and bring growth to our block chain, I do not think removing layer 1 rewards is the answer.
I do agree, we should not remove the current level 1 rewards to a level 2 rewards model. That to me just makes no sense.
Thank you for leting me know about this.
I agree that it's good were having outside the box thinking. I just can't understand how they expect us to grow the ecosystem in these dapps when Hive holders become rent seekers to anyone who wants to share on this chain.
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If theres one thing I've learned using these sites is whatever gets proposed gets passed. Its all experimentation and those who like one method can now choose we still have STEEM and BLURT and everyone will find a place they like best
My initial reaction was that Steem was not an option due to its majority stakeholder. It does however look like they're planning on reducing their influence by selling off tokens so maybe it will become more of an option after Justin leaves. I just don't know that I can trust he isn't lurking in an anon account holding power behind the veil.
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Do not miss the last post from @hivebuzz:
Woo hoo four years!!!
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Happy Hive Birthday @patrickulrich🙂
🎈🎉🎂🎈🎉
It is great to see you are still around! Keep up the good work!
why? any explanation?
Why would they want to or why would I be opposed?
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