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RE: Get Paid to Watch Videos You Want to Watch? A Blockchain Based Youtube Alternative That Rewards the Viewer in Crypto!

in #money3 years ago

There is a big difference between a premine and then giving out tokens in almost a manual way from one entity to a autonomous decentralised release via a decreasing inflation model. We need more sinks, I agree. But you can't compare a premine vs. a inflation model. Inflation models have gotten a bad rap, but they can be very powerful with a proper sink.

To paint a pic, this would be like back when ned had 80% of the steem. He then manually handed out that steem to people who used steemit.com. That is pretty much the setup. I'm not trying to knock them. They have amazing tech. While being on a blockchain, we prefer IPFS. We like their creative thought process and will look to implement the best of what they came up with on a open standard such as IPFS. Since Hive is here, no need to make a new blockchain.

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Valid points here.

You've got the same general though or angle I do for the most part.

As for sinks.. I'll see if I can come up with something that isn't viewed as a tax that people are happy to pay for, that serve the purpose. Appreciate your reply and share of general idea here, it's given me some stuff to think about and problems to come up with solutions for.

ETH did a new BIP that burns a portion of transaction fees. We don't have fees. So it's up to the community to come up with some true DAPPs, that solely benefit Hive as a sink. We are doing this with the spk network. When you use any service such as buy a miner or ad rights, it cost Hive, and that Hive is locked away forever. We need more of this type of thinking, ways to take Hive off the market. If we get to a point of deflation, that's when the magic starts.