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.
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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.
Quality is a relative concept.
I don't believe any post creates real value for the blockchain, regardless of the author's reputation.
I see more value creation coming from more responsible projects, more swaps, more apps—in short, more developers and ecosystem growth. I also don't think it's about simply adding more people at any cost.
I just disagree.
HIVE is social media. The quality of the content and the quality of the conversations does impact the valuation. Just like every other form of social media.
I accept that quality influences the rating of a post or comment by those who vote on it (including dislikes).
But I don't believe that the quality of posts supports the value of Hive as a cryptocurrency. Its value depends on supply and demand, and the discussion is primarily about the future.