compounding interest of this type would just continue to let the larger accounts mine a larger part of the reward pool, which is good for investors but can turn off new users.
on-boarding is one issue that is getting solved (thank you LEO)
retention is harder because of the larger accounts getting larger. I know it is just a point of view and new members can "invest" "buy" Hive to be on the platform but for appearances it is hard to convince them people are not raping the reward pool.
I still feel we need to focus on making Hive a strong "Utility" token with use-cases. This focuses on user experience. I don't agree with focusing on "investors". I feel the last 3 - 4 years of this DpoS experiment has been focused on Investors (chasing money) and it has not worked well.
I know my opinion is not popular but I see a future where HIVE has uses in applications and stabilizes around $0.25 USD per coin. Once it becomes more stable I feel use case / adoption will increase.
Just my thoughts.
As i am thinking more about this.
This type of conversation is coming from the older larger accounts on the chain(many different people) that feel it takes a lot of time / effort to maintain the size of their stake on the chain.
they are a little burnt out and would like to change the blockchain to protect their stake (early mover advantage everyone in every aspect of life does try to do the same thing). In a way that doesn't take as much effort.
so it does not bother me, but we should call it what it is and decide if that is the direction we want to go without hiding behind "it is a good investment" type of discussions.
Utility without retention is just pure velocity, which is akin to a hot potato being tossed around. Hive has on-chain governance, which means that people who are serious about building on the protocol will want to have a say in the future of where it goes or doesn't go.
If you buy something of value, do not sell it, and it can fluctuate in value, you are an investor by default. Every investor, big or small, has days where they do not want to curate.
Large accounts right now that auto vote is earning way more than they would under the new system (assuming we expand the curation window to suit manul curators, not Autobots.) So if you don't want the rich to get richer at an unfair advantage to those with smaller stakes, the system I explained above prevents this. Curators will always have a way to make more than people who don't vote in this system, because they are working and providing value to the system.
If you remove PoB all together, you'll see the rich get richer as you've never seen before on this chain.
makes sense