RE: RE: Hive Staking Rewards | Can We Make It Better?
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RE: Hive Staking Rewards | Can We Make It Better?

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I wouldn't say everything sucks, the tech itself works great and if you want to come here to earn you can easily achieve that right now if you play by the rules. The main thing I am looking at is the long run and how realistic and sustainable everything is. From that point of view with the current model, it feels like it is bound to underperform the crypto market and eventually collapse (similar to how most of the tribe tokens have.) The daily inflation needs to be bought up in order for the price to sustain itself and there currently just are way more reasons to sell than to buy.

Don't get me wrong, I'm not complaining about the votes I get as I do reasonable well mostly thanks to Splinterlands and their curation. It's just that having 5k HP or 500HP most likely would give similar results in post-earnings.

For as far as curation goes, it feels like nothing more than a game as it is not really about what content people enjoy but more about the content they know will get more votes which maximize the rewards pretty much like everything on the platform. With the non-linear reward curve, it was possible to upvote smaller accounts you more relate to, now this is pretty much impossible.


For as far as redesigning the system. I guess the entire reward pool chasing incentive mechanism is one of the main flaws. I wouldn't mind that the reward pool for blogging got reduced drastically in favor of investors getting passive returns on their Hive.

I guess creating a system similar to Reddit that really nails putting posts individual users actually are interested in on top would make hive a lot more attractive. Instead of ranking posts based on the upvote value they got (which simply doesn't work), rename the upvotes to tips and design a new system that lets users up or downvote based on what they actually like/dislike also removing all the posts about the platform from the trending page putting them in a separate tag. At least this should create a front page people in the real world can relate to which could create way more traffic / potential advertisement revenue. Not sure if something like this would work though, something needs to be done to make the platform way more interesting for outside readers and way less exploitable for users who try to get the most out of it. I guess getting decentralized social media right can be compared to solving the blockchain trilemma. Nobody really succeeded so far.

You might have a look at the model I came up with for my upvoteshares@upvoteshares curation project 2 years ago by the way. That actually has been working wonders acting exactly as it was designed. You might find it interesting being into the entire model economics of the platform.

@costanza: I wouldn't say | Ecency