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blocktrades
@blocktrades
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Exchange cryptocurrency fast and easy
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https://blocktrades.us
Created
2016-03-30 00:04
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blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I recall it now that you say it. But I don't keep all esoterica in my head, and this classifies as a less than important detail to me :-) I never touched any of that code or even reviewed it, so I don't
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blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I don't think it's feasible to compute the answers to something that's so deeply tied to human behavior, I think the only way to figure it out is to conduct real world experiments. But at this point, my
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blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
One of the potential promises for HMTs is indeed that they can be a place to experiment with alternatives to the current reward system. I would go so far as to say that's been the main promise, other than
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I think this is common, since most people don't have time to read all the posts that are written. Communities at least potentially allow people to select areas in which they are interested, rather than
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
A similar, but less gamified suggestion, was to spread rewards evenly between voters during the first two hours to put manual voters on a more even footing with the vote bots.
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
It's easy to read too much into the title. The primary issue I was examining was auto-voting, especially potential negative effects of it. Note that in the actual post, I mention the decreased inflation
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
My point wasn't that it would incentive it, just that it is an existing condition. If there is less incentive to power up (or even just not power down), it will likely happen less. I'm not sure that's
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
Yes, I agree with you this could have a real impact, and I've thought the same thing (although I didn't discuss it in my post). And @enjar mentioned a similar idea in his comment. I didn't check to see
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I agree with your argument under option 1, and the shared reward during the initial time interval is the same as one I proposed several years ago. Option 2 has at least one clear downside: it obscures
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
Yes, I agree.
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I don't think you're alone in this view, it's been expressed by several well known figures in the community. I think the social media application on Hive has a useful purpose as an onboarding and marketing
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I think the topic of the next HF and core protocol changes should be focused on SMTs. I agree that we should consider SMTs and other methods for supporting tokens in Hive in the next HF. But even more
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
There's already an interest rate paid to HP to encourage staking. It varies depending on the ratio of liquid vs powered-up Hive, but right now that ratio is probably at an all time high, so the interest
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I also don't think Hive's inflation is too high, per se. I just would like to be sure it's effectively directed inflation.
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
Yes, this proposal would have resulted in less Hive being generated per block. That's what I was referring to when I mentioned it would decrease overall coin inflation by about 2%.
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
The approach to tokenization, whether via SMTs or otherwise, is a much more complicated topic, from a technical perspective, and needs much more research into the state of the code written, plus there's
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
A sybil attack (voting with a rotating set of accounts) would be the easiest way to overcome this. So given the added complexity to implement the algorithm initially, and the relative ease of beating it,
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
:-)
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
I get the feeling that there's no need to worry about it. I think too many people share your fear to try the experiment.
blocktrades
Hive Improvement
6y
RE: Proposal: reduce Hive inflation by reducing curation rewards
Btw 8% inflation isn't so dramatic... I didn't claim it was.
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