I went to sleep way past my bedtime last night. After a long conversation with a friend—a fellow Hivean too—my mind just wouldn’t stop working. This morning, fueled by a few cups of coffee, I sat down to make a short video about some of what we discussed.
I felt video was the right format, because text can be interpreted in so many ways. After all, there’s no way for you to see me smiling through my keystrokes.
At any rate, I want to invite anyone—everyone, really—to join the conversation. These issues matter, and I think they make more sense to talk about now than ever. Sure, the market will turn around, it always does. And when it does, we might forget about them. But they won’t simply disappear.
Can’t wait to hear your thoughts.
MenO
First time posting on Ureka.Social... I'm quite impressed... good work @ura-soul
It's a complex topic because there is a realistic amount of money that has to be paid out in order to keep the core system running. On the flipside, those who are doing that work typically hold a lot of Hive and so are incentivised already to 'MAKE HIVE GREAT AGAIN' 😅
If the core developers get paid no matter what, then they aren't even answerable to the community. However, if they don't get paid then they may quit and that risks Hive as a whole.
This cuts to the crux of the 'ninja mine' and the fundamental dishonesty of it that led to Steemit inc. taking the action it did and that caused Hive to exist in the first place. Those same tokens are paying for core development of a system that was always intended to be decentrlised - which fully includes the potential for competing Hard Forks to be proposed - with the community voting on which one is best. Some people see this as a terrifying 'challenge to the network' - but that's incorrect. Without the system supporting competing Hard Forks, it is not decentralied. But I digress.
Reducing the amount that can be paid out from the DAO during hard times might address some issues temporarily, but I will remind that the bigger problem is that the DAO is not being spent optimally. With improved (any) performance tracking we would likely see an increase in ROI, new users and token value. It's totally wrong to withdraw funding from core systems while other projects that are arguably bordering on fraud continue to receive payouts regardless (even if they are reduced).
I'm with @starkerz in that Hive needs a system to tender for workers to complete tasks that the community agrees need doing, holding them to account - instead of just relying on community members proposing what needs doing and the community latching on to the goals without really knowing whether the people involved can deliver.
I would do immediately.
Also the 3% "inflation" on HP I would reduce. It just increases the overall inflation of the token and has limited benefit. Too small to incentivize staking. I would just get rid off it or move part of it to teh reward pool, so that actual activity is valued stronger than just keeping and not using.
That makes sense to me too.. what would be the counter argument to it? That sacrificial stake (abandoned accounts) would lose power over time, since they would not grow?
im trying to think. By power I mean, the burning of stake.