Removing Hive's Reward Pool - A Researcher's View On Why It Is...

Terrible? Awesome?

First of all, the Hive rewards pool is peanuts, sure it's 60% of the inflation but it's not like it's one person receiving it all!

Fact remains that the witnesses and projects milking the DHF pretty much get more rewards than creators even with the allocation.

Before I'll go into details, I just want to tell you what it is you'd be taking away if the rewards pool is removed.

A quick search on Google for “how to make money online” will return several results that more than half is bullshit. Things like surveys really gets me crazy because I've never met anyone that has really made sustainable income with surveys but it keeps being recommended by blogs.

Heck I wouldn't be surprised if it's been recommended on icoverage but it sure as hell won't be something I wrote!

The point is, these recommendations are either not worth your time or would simply take a lot of time and expertise to get to where one can actually start making money.

Hive offers what doesn't exist on the Internet - a chance to earn on day 1 and to continue earning sustainably by putting in the efforts.

Why do you want to kill that sir?

You're scared of a bunch of AI?

WELL, here's a shocker:

Someday you'll be guilty of supporting the work of AI!

Someone developed and monetized a chatbot that motivates people daily - pushing them to continue chasing their goals using AI software and guess what?

Everybody loved it and praised the developer! But good sir, AI did most of the work? Or at least some, no?

So why aren't we stoning the so-called developers yet as Stephen was stoned?

OK, I just saw a game announcement on Hive a while ago and guess what? As I glanced through, I saw some hints boldly that AI contributed to the development of the game, most of the art I looked at are obviously AI generated!

But guess what? People in the comment section are already saying how they love it and are excited to “pay” to play!

Why are we not attacking the game developers because they used AI?

Oh lord, why is this world so cruel to the little guys?

Who are the little guys? Well, the large African and Spanish population that is just trying to make a living writing on hive. You're upset that they will use AI to improve their writing?

Don't you want them to improve?

Oh, you're scared AI will get smarter and write better that the writers won't have to really improve much?

But I'm sure you'd be more than happy if AI could build you a game that you can monetize on the go without much work, no?

Same practice, same results, different playing field…

I'm not here to say much, I lack the authority to try to keep you here reading long stories at the time.

But here's the reality: pushing rewards distributions to communities doesn't decentralize the process, it does the opposite actually.

Removing it takes away the one best thing about Hive.

The second you do it, be ready to watch your token crash, more than half the people here won't even get the chance to exit and guess who will be happy?

Justin Sun!

What should we focus on?

I see some of you claiming to be old-timers wanting good content bla bla bla, please, cut it with all those lies, since when did your definition of good content become the standard for content evaluation?

Do you know the type of contents I'd like to read on Hive but can't find because it isn't widely supported?

Here's a short list:

Business Development and Management

Marketing and Sales

Advertising

Community Building

But guess what content you like?

Bird and grass pictures, and I guess I'm supposed to like this too?

Let's be clear on something: the whole point of having communities is so everyone can stick with what they like.

This is why I was particularly hurt when Leo went from having a niche to not having any!

The rewards pool is really just peanuts at the end of the day and it's high time we stop thinking about Hive Blockchain as a social media but as a blockchain network with the infrastructure to build numerous dapps.

The reward pool is a gift from the Hive Blockchain to support DApps on the chain.

With enough apps and users, you wouldn't even notice that there's a reward pool because Hive would be self-sustained with all the value flowing through the ecosystem.

Lastly, I saw the creator of Liketu asking “Why should we pay users to like us?”.

Well good sir, you should have thought of that in the very beginning of hive, it just sounds like you're upset now that the system actually works the way it was designed to.

And you know where this is coming from? Generally, it's coming from our lack of ability to monetize our userbase so we start channeling that anger from failure towards the users we “lured” in with the promise of these rewards in the first place.

I consider all these AI talks bullshit because instead of focusing on how to use it to our advantage, we're based on how to stop it from being used.

This is the point where an average Nigerian will ask you:

“Suffer No Dey Tire You?”

Aren't you really tired of suffering? Why can't we fuckin grow into the mindset of building value streams with everything technology has for us?

We keep talking about removing rewards instead of how to build more incentives layers to make it more sustainable, don't you think we're discussing the wrong things?

Peace and love you guys, but remember that Hive has an advantage of being the only online space anyone can earn sustainable income from day one - so whatever you do, don't fuck it up.