The entire system needs to be redesigned if Hive ever wants to be viable in the long run and a valid option for outside investors.

Any project can give a high % ROI that comes from inflation. The only real use case for Hive for as far as I see right now are the resource credits for users that want to transact and dapps that want to provide those for their users. Aside from that, it's just about staking Hive to get more Hive which on top isn't even and effective way to get returns.

I like what the other crypto blogging platforms are doing way more. Leofinance using the ad revenue to buy and burn tokens from the market. Publish0x has a reward pool that is fully sponsored by different projects, uptrennd also using the revenue to buy back tokens.

On Hive there is none of that, yet the average post value is unrealistically high compared to their actual economical value. There is also no need for bloggers to be invested in HP since most upvotes come from a couple curation groups or dapps that have a lot HP. Bend your way to what they upvote and be on their radar and you are golden. If not, you are pretty dead in the water as the non-linear post rewards punish individual accounts to vote on smaller bloggers.

Investing to curate also makes little sense as content discovery is horrible and you have to plow through piles of garbage to potentially find something good. Also, nobody in the real world is interested in what is shown on the trending post as nearly all posts are about the platform itself. Why would anyone get HP keeping half of the rewards and giving half away to see it likely get dumped on the market which hurts the investment.

The problem when it comes down to blogging on Hive is that the current system simply will never work to put what the majority believes is the most interesting on top. I would not minds seeing lower blogging rewards and way more of the inflation go to people staking Hive for passive returns.

It's nice that Hive is giving some good earnings for blogging right now, but looking at it from the angle of being invested in HP it really makes me wonder how it all makes sense.