Nobody owns the reward pool. Picture a glacier. That's inflation. Picture that glacier melting. See that pool of water? That's the reward pool. Picture a bucket. That's your HP. When you vote, you're dipping your bucket into that pool of water, and dumping it on someone else. Now you've watered them, so they can grow, and you've also given yourself a drink, which gives you the strength to carry more water.
Confused?
The glacier will continue to melt. Nobody owns that glacier. It's just part of the environment.
The size of your bucket depends on how much HP you hold. Some are walking around with thimbles, while others are driving water trucks.
A post or comment is just a temporary man-made water reservoir and doesn't drain into any personal holding tanks (wallets) until after a week. Half of the water is plumbed directly to the source or builder of the reservoir. The rest flows out to those carrying water.
Some will say attracting more able bodies to build temporary man-made reservoirs somehow brings more water to the environment. It does not. It just creates more drains and holding tanks. All holding tanks are piped to the lake forming outside of this dome (or hive, if you want to bee cool about it).
The real reward pool exists outside of this dome. Providing a reason for people on the outside to carry water in is how you make it rain. Everyone benefits from those showers. Without them, all we're doing is growing orchards in a desert and filling our holding tanks.
People have argued about how to carry water more efficiently or effectively here for an eternity. Without precipitation, the end result will always the same, in my view, here inside this dome.
Every post is a fruit we grew. Carried all that water to create a massive surplus of well preserved fruit nobody eats. All while rarely considering opening up a fruit stand. The real reward pool exists on the outside. However, many see that beautiful lake as a problem. To me, it's the solution.
Millions of rain drops also land next to that glacier, filling the pool. Millions of people buying and eating the fruit. That solves so many problems here. They don't even need big buckets. A million people with 1000HP each, is a lot. Doubling that amount, per individual, is cheap. Rain is cheap. Of course, it's not easy to let it fall from the sky, when you're stuck inside a dome.
And I doubt those millions of people would be too concerned about how much money is in the wallets of those they bought fruit from. I doubt they'd only buy (vote for) from those with the largest holding tank. I think they'd be more concerned about the quality of the fruit. The poor quality fruit stands would put themselves out of business fairly quickly, and they can't go blame a select few with large buckets or how the system is designed, for their demise. The only thing they'd be left with is an incentive to do better.
I disagree, everyone owns it. It is a shared resource, that's why anti-abuse is important and account preservation posting is harmful to everyone.
Everyone is directly and indirectly impacted by the results. It is a shared resource. What's owned is what ends up in the wallet after 7 days. So even the best examples of generally accepted behaviors which typically see the best results can end up affecting everyone else down the line.
Quite similar to life and the environment. We don't own the planet. We are a part of the planet. Makes sense to eliminate wasteful practices. Nobody likes to see deforestation; all while ensuring they never run out of toilet paper. Nobody likes to see drought; all while ensuring they never go thirsty. People want to save energy; so they use countless megawatts to tell the story while others use even more to hear the story.
I see your point, and have no desire to agree or disagree.
It's just semantics.
Everyone affects and is affected by the reward pool. Like the Earth, it is their responsibility to ensure that it lasts and remains sustainable.
I was going say that as well. It's just semantics.
All that water that ended up outside didn't end up there due to poor decisions. That's just where it ends up. Finding ways to bring it back inside in order to grow a forest, in my mind, seems like a logical step in the right direction. Can't plant trees and expect them to grow, without that water. And it might not make everyone wealthy, but it could make them healthy.
So the reward pool is free money and no one controls it?
Pretty interesting. Is there a way we can make more free money?
I mean usually if something seems too good to be true, it probably is. That how I feel about most people that have your perspective.
I do not believe anything in life is free.
When governments have unbacked currency and they print more, the money is worth less. That is why the world is such a dark place right now in my opinion.
Free HIVE does not exist. If people want to believe free HIVE does exist and prop up "bad" or “good” L2 projects with HIVE, I DO NOT agree this is an appropriate allocation of the reward pool.
I want more users that want to build up their HIVE by using HIVE. I do not want more users that are trying to build up their HIVE by selling their centralized L2 projects to other Hivians.
My perspective is actually, no, it's not free money.
Nobody owns the reward pool. Not you, not me, not anyone. We can say where it goes, but that's about it.
Currently and for a long time, content creators outnumber content consumers. That lake I'm talking about. That's all the tokens that got dumped on the market, partially because of content creators showing up to collect and sell, with no audience for the most part. People bringing money in. Those are consumers. Paying consumers. Something lacking here, in my opinion. I'd like to see millions of those here, like you would see on other platforms. A paying audience, buying what got dumped on the market, to support things they enjoy.
And I think it's fancy the supportive content consumer types can support the things they enjoy without throwing their money away here. It's a good deal. Anywhere else and for hundreds of years, the consumer throws their money away. Here, the consumer can support their style of information or entertainment, and watch their money grow. That almost sounds too good to be true, but it's real, here, and happening as we speak, when we vote.
Instead of onboarding creators who only want to earn, I'd like to see consumers arriving as well, with a goal of paying. Balance. And that's how content creators these days normally make money anyway. Plus genuine paying consumers don't support junk, naturally.
I'm not talking about L2 projects at all. Not even a little bit. But I'm sure solid projects and all this development on Hive would enjoy being able to tap into a massive consumer base. Millions holding HP can do a lot for this place.
Skimmed over a headline just the other day talking about how Youtube is allowing people to use crypto to support creators now. I've been pointing hard at this opportunity for almost ten years.
Next time I won't use an analogy.
No worries! Analogies are great!
Yea I agree with you! I mean HIVE is a pretty interesting blockchain and there are already some pretty awesome use cases. We can totally onboard more people that want to build more complex products and need a stake for those products vs need reward pool funds to support their products.
Love this analogy. !LOLZ
In keeping with it, when an account gets downvoted, would that be like a Hiver urinating in the wind?
!PIMP
No.
In keeping with it, since those temporary man-made reservoirs are the reward pool, a downvote is dipping the bucket into the reward pool same as before, except this time, that water is being dumped into every other temporary man-made reservoir.
No water is added or taken away from the pool when voting in either direction. Nobody owns the reward pool.
One of my project game piece account reputation has been taken down to a negative value.
How would you related this in the context of a temporary pool?
I'm not talking about the reputation system.
I understand.
Thank You
!ALIVE
!PIZZA
Ah ha
Clear as mud !LOLZ
Much appreciated.
Thanks