The reward pool was the original Hive distribution mechanism to promote decentralization of the base token. The question that should be asked is “Is content creation rewards still the best distribution model 9 years later?”

It is my understanding that the base token serves two primary roles: 1) ensuring the security of the blockchain through governance voting and 2) providing access to the blockchain through resource credits.

If the blockchain was launched again with the tools available to us now, is our current system the one we would design? If not, what would that system look like? My guess is that this new system would treat blogging rewards different than we do now.