I do also have plans myself to eventually power up an account completely separate from my real one that would only upvote things like hbd.funder/burn posts and focus more on downvoting so it wouldn't cause endless debates, retaliations, etc. That's the one thing people do when they get targeted for "fair" downvotes, imo. Look at the farming account queenart that I stumbled upon recently, they instantly "took it out" on me by unvoting our witness, etc. It's just the way the world works on here, everyone's so emotional about keeping the farms and low effort rewards going once they get there, very few actually take the time to wonder if the content they're generating is worth the rewards they're getting and if they should be posting every day or not.
Disagreeing on the reward pool should be separate from if that person is a good witness.
I think people can get emotional if they want. Sometimes it’s good to let stuff out, but to me a lot of the back and forth just doesn’t seem productive. 🤷♂️
Most people know the farming has really ramped up here recently. Most people have witnessed it without even trying to find it.
There are a lot, not all, but a lot of people farming the reward pool and they don’t care what price HIVE is. All they care about is how much fiat dollars they can get out of it.
And The whole thing is ironic. It’s all ridiculous. Curating is way easier than writing content. But people create content here, sell all the rewards, and then complain they can’t make any money here.
Yea, if people constantly dump all the HIVE they get, they are constantly restarting from zero. I agree that would be frustrating lol.
it's quite a conundrum. For one, keeping at least the hp part would help distribution and decentralization, you could make the argument that 1000 minnows have as much sway as a whale on witness and other gov votes, and they'd be able to start earning a decent amount of curation rewards over time for passive earnings as to not force themselves to post all the time or get in gray area farm activities.
At the same time, you are here, you see it working in your favor, you much like everyone else are quite a nobody outside of hive that wouldn't earn anything anywhere else so you could easily understand how nicely this place could scale if everyone was rewarded for their social activity yet you still choose not to leave any stake in the project that's been so nice to you? it's quite weird indeed.
Now of course some can't help it, their financial situation may call for it, etc, but when you see other people that ought to be better off still have no stake it's like why do we keep throwing money at them.
If hive were to exist on another chain I bet there'd be way more downvotes and they'd be a lot more protective over their l1 reward distribution.
100%. Anyone who has HP benefits from downvotes. (Assuming they are not the one who got downvoted and the downvote isn’t on something they curated).
Downvotes reduce inflation and allow you to curate for higher quality content which benefits HIVE. There is literally an economic incentive to downvote. And also, it’s like a button that’s right there. It’s pretty innocuous. Nothing on the user interface says, “WARNING! People will go absolutely insane if you click this button!”
Let me see if I understand your point. If there are negative votes, fewer new hives are generated, lowering the hive inflation rate. But I have a question: Don't negative votes cause rewards to return to the reward pool? Do they result in fewer total rewards being paid out?
No that was not my point.
No. The dislike button does not “return” rewards to the pool
Do they result in fewer total rewards being paid out? I have no idea how I could even prove this so idk what you are asking.
If the downvote doesn't return the rewards to the Hive rewards pool, I think I understand your point.
IMO (and what I am thinking is constantly evolving):
• Minting HIVE for low quality content = inflation
• Minting HIVE for high quality content = value creation
HIVE is essentially "backed" by the quality of the content on the platform.
This is how I am currently thinking about it anyways.
Should we prioritize voting for posts with 100% HP payment mechanisms then?
Do you think all of Hive's problems can be solved with downvotes?
I think people should prioritize upvoting high quality content. And I think high quality content creators should be encouraged by the people upvoting their content to build their stake and become a curator themself one day. Then you have a strong ally on chain. It’s a huge win win.
Also, I’m not really sure HIVE has any problems outside people just constantly dumping it lol.
So Hive only goes up when farmers buy Hive?
If they're the ones causing the drop, they should justify the price increases.
What price increase?