HIVE Token Pool Rewards Removed For Content Creators?
Yesterday it was brought to my attention that talks are heating up about the Hive Blockchain moving towards a model that removes access to the HIVE Token Reward Pool for content creators. In other words no more HIVE Token rewards for your created content (blog Posts, comments, threads ect.). I will refrain from my own personal opinion of this as this post purpose is to help spread the word of what is being discussed. You might ask yourself where was this discussed (On the platform formally known as Twitter).
X (Twitter) is the platform that hosts the Hive Community Town Halls. I have no clue when these Town Halls take place or when the next one is. If you are finding this out for the first time please don't panic. Even if it was decided to do such a thing (remove pool rewards) allot of other mechanics would need to be in place first. For example how will voting for witness work? How are we going to onboard newbies? So while this is a hot topic and something that might come to be, its still in its "lets talk about this" phase.
Quote from @deeanndmathews
...some of the powers that be are floating the idea of removing access to the direct Hive reward pool to content creators like us. @ifarmgirl did great reporting work and brought us the news as someone who went to the last Hive Community Town Hall. If you do nothing else, read her post, and post your opinion on that idea in the comments. But if you do something else, enjoy all the great Hivers and their content!
Just as deeandmathews encouraged me to visit the ifarmgirl post I am encouraging you to do the same. Regardless of what your opinion is please do speak up. Its the witnesses that implement changes to the blockchain but it is YOU who vote in the witnesses. Regardless of if you have 1 HIVE Token or 1 Million Hive Tokens, your opinion matters. URL for ifarmgirl post: https://inleo.io/@ifarmgirl/that-idea-of-removing-the-hive-rewards-pool That's it for todays post. Its a short one but a very important one that is best said without any fluff surrounding it. Don't forget to hit that follow button so you don't miss updates such as this one. Tomorrow's post will be our Free HBD Raffle that has some added prizes.
Posted Using InLeo Alpha
That sounds a little bit insane to do so oO
I agree, (IMO) we don't have enough user-base to make such a switch.
Even if we had, I dont think it would be a good idea x)
I wouldnt be too concerned, it is after all only an idea. Itd be almost impossible to get enough of the community to agree to such a change. Most witnesses would probably scream madness at the idea too.
But its alright to talk about it. Maybe it can be fleshed out to the point where its not such a crazy idea. Maybe itll fade into obsurity like manu ideas do.
As you said, its not likely to come to be (at least not any time soon if ever). My goal isn't to spread concern but to spread information to inform those who might not be aware that the subject is being discussed so they can chime in.
Lol, you have said it.
THANK YOU!
You're welcome, thanks for bringing it to my attention.
But that is crazy to even consider
Others think so as well.
There is more info in the below post.
https://inleo.io/@ifarmgirl/that-idea-of-removing-the-hive-rewards-pool
I don't understand what sense that would make. I need more information.
The below post has more info.
https://inleo.io/@ifarmgirl/that-idea-of-removing-the-hive-rewards-pool
The info on this post is very limited IMO. Talks nothing about economics and the chat was done off chain. That is a weird front end too IMO.
Outside socials have always been a big part of HIVE. Discord for example is frequently used by those who frequent the HIVE Blockchain to further their HIVE goals. HIVE townhalls being hosted outside of HIVE is no surprise to me.
Same post on HIVE.BLOG front-end:
https://hive.blog/hive-167922/@ifarmgirl/that-idea-of-removing-the-hive-rewards-pool
If they removed the rewards Hive would die. There is no other possible outcome for such a terrible decision.
I think HIVE would survive no matter what happens. I believe (if implemented) in the short to mid term overall content creating would diminish and the HIVE Blockchain user-base would also diminish. If either bounces back would highly depend on the different communities and how valuable their second layer tokens become.
It would give rise to a new rivalry thereby making people to switch to the new one and leaving just a few set of people around. Remember what happened to the other Chain that gave rise to Hive.
That possibly could be one of the many outcomes and one that is at the forefront of being reality. A Split that is as public and negative as the last helps no-one.
Yeah...
Congratulations @rentmoney! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Thanks for the curation.
I have two lingering thoughts about this
What will be the difference with Web 2.0 then? only the payment using crypto not fiat? what will be the parameters of the rewards, pageviews? unique visitors? I leave the web 2.0 because I can't compete with the SEO expert a.k.a search engine exploiters, so we will have that kind of exploiters too in here with that change.
People always complain that there is not enough rewards pool then blaming to others. Isn't the cause was because people powering down excessively? I mean top witnesses and top authors keep vesting out their hive and send to marketplace, then why blame on people who stay on the chain?
There is certainly allot to discuss and decide upon before even thinking about implementing such a thing. If I were to guess 2nd lawyer/community tokens would be our new main rewards. The question is does that even help the USD value of HIVE or does it move USD value from HIVE to the 2nd lawyer tokens. I think the ones wanting to remove the pool hope it ups HIVE USD value but I'm not too sure that it does. There is allot of unknowns here.
This has been a discussion since I joined the blockchain in Jan 2019 when it was still the old chain. The one thing that I think front ends need to do is hide the earnings so that curators are not focused so much on how much the post is earning, but the content of the post.
For example, it would be cool for me to see how much MY posts are making, but I wouldn't be able to see how much YOUR post makes. That would really help with privacy and such as well. #feedback #suggestions #hive
I've heard it (removing pool rewards for content creators) brought up in the past as well and is always met with the same questions/reactions by those who like to content create. I don't see it being implemented anytime soon if at all. That is an interesting idea you have. Everyone would then have to decide if the post deserves their individual vote instead of basing votes off the total rewards a post has already received. However this being a blockchain I doubt its possible to fully hide the rewards a post earns. Leaving those who only know how to use the front-end and not visit the back-end at a disadvantage.
Edit: Edited for clarification
That has nothing to do with blockchain. It could be done with some front end coding. Just don’t quite know how to go about it. But it’s a good idea.
Something on the back-end will need to add values.
That something can be viewable by those that know how to view it.
However I do find your idea interesting.
The numbers would still be there, the post would still be earning, only YOU would be able to see how much your post is making. That's not a blockchain thing.
I understood your idea, my response remains the same. I just don't think its possible to 100% insure that only the post creator gets to see the rewards. There are multiple ways to calculate rewards.Just like we can see the contents of a post that has been deleted or edited, someone will find a way to see rewards attached. Does your idea include hiding vote percentage and HP of the voter or perhaps hide who has voted on what altogether? It would need to or values can be calculated by anyone willing to do so. In fact I suspect someone would create an app to do just that. As I said I find the idea interesting if it could indeed be put in practice but I don't think hiding values of posts will be all that easy to accomplish.
I mean it won’t be hard to find the values of the post using something like hivestats. The idea is that it would take the money part out of your face and would encourage organic engagement. If people really need to look, then they could. Just an idea.
I think removing that would stop the essence of Hive itself.
Many others think the same.
This is by far not a new idea, I believe it was discussed for several years but no real measures were taken to implement it. I believe we won't see it anytime soon :-)
Very true, its been brought up a handful of times in the past.
Hmm
Removing the reward may not be nice...
That seems to be the thoughts of most.
It can't happen at all, if they do it like this, this platform will be completely dead and people will stop using it because people work hard to create content, comment, then this reward is theirs right.