With many more years to come

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         It's been two years since this community moved on as Hive. It's still one of my most "productive" hobbies since 2018. I'm not rolling in the dough, but I am far ahead from where I started. Since 2020, there have been positive changes around this ecosystem. I hope that trend continues. Here are some things I hope to see in the future:

Native smart contracts

         Hive Engine has been a tremendous L2 approach for this ecosystem. DLux is also another alternative. Unfortunately, there are no native smart contracts on Hive. Everyone has to use more or less centralized services on the chain. That's not inherently a bad thing. Smart contracts open up so many more possibilities. I believe a more decentralized L2 on Hive is better than the existing solutions.

Higher staking rewards

         A meager 2.85% return for passively staking HIVE is not competitive. Yes, you can spam cast votes to get closer to 9-11% a year, but it forces people into a role many don't like to assume: curator.

         What if passive staking rewards increases to be around par with HBD interests? One of the ways it would make sense is moving most, if not all, social rewards on the base layer to L2. I know many people are against it, but I think the pros outweigh the cons.

         For one, reward disagreements would become localized in niche communities instead of trying to find a one-size-fits-all standard across the network.

         Centralized "anti-abuse" initiatives would become obsolete as communities can spend time keeping their backyard clean. There would be no more need for faux central authorities on these matters. People can still collaborate across communities to moderate bad actors. They can deploy community tools for mutual benefits. I believe people who are part of their niche interests would understand what's valuable for their communities in terms of content.

         I think L1 should focus on economic incentives and governance. It would not only help attract capital but also retain them. The current system expects whales to take on roles that make people mad when they make a less-than-optimal move or vote. It also expects everyone to be a content creator.

Faster power-downs

         It still takes 13 weeks to power down all your HP. This number needs to be four weeks or lower. There have been several ideas of how to implement this. The bottom line: the long unlocking time is a disincentive to stake HIVE. Other chains allow for this flexibility. The market caps speak for themselves.

Delegation expiration

         Much like the voting proxies, I think existing delegations would also benefit from expiring on their own after a year. It would facilitate social (even political) relationships, or at least the maintenance thereof, instead of parties benefitting from forgotten free delegations.

         Should the worst happen, like deaths or loss of keys, we won't end up with entities having undeserving powers through proxies like the dead witness votes. Of course, should L1 social rewards go away, this would become a non-existent issue. Okay, maybe not for RCs.

         I'm only scratching the surface here. Hive has changed a lot from simply a blogging platform. There are other things to do around here these days. What I've written here are just ideas. They have no impact on what the consensus witnesses or whales think. There may be overlaps. Most of us want to see this community continue to sail in the vast crypto sea.

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This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.

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This post has been manually curated by @steemflow 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.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

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Bang, I did it again... I just rehived your post!
Week 98 of my contest just started...you can now check the winners of the previous week!
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Great read. I am fairly new to Hive. I have normally focused on using other platforms because they are easier to understand. I am starting to get the flow going on Hive though. I have had a Hive account for a while now but did not really mess with it until recently. I enjoyed reading your post and look forward to the next one.

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These are some good suggestions. I particularly like the delegation expiration idea.

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Hopefully, it could bring even the most inactive accounts with larger stakes back once in a while.

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I definitely agree with all of your suggestions, most especially the faster power downs. I recently used my hive account effectively only after researching a lot about hive and 13 weeks of power down seems too much, and as what you suggested, 4 weeks is reasonable and the amount to be given to you each week will be bigger which we could say a weekly "profit".

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You aren't alone in your sentiments in regards to the 13-week length.

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If I don't post something that can get upvoted on, I'm missing out and losing from the daily inflation. There's a lot less incentives for staking with long power down times and low interest rates. I'm taking a step back on some of the blockchain activities I've been doing and it made me even more aware how much tedious it is to babysit some parts of the "hobby" on Hive like it's work or miss out. Increase the staking rewards and reduce the L1 rewards is the way.

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Yeah, it's true. You are missing out on tons of inflation by not voting, posting, etc.

The incentives ultimately don't pan out as people seek more passive things instead.

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What if passive staking rewards increases to be around par with HBD interests?

It's an either or now, you are asking for a favor to the investor side.
Folks can invest passively in hbd, if that is their desire.
I think the passive investors should be happy with being on par with those of us that do the work to get our returns.

I know many people are against it, but I think the pros outweigh the cons.

I think it is way, way too early to be talking about cementing in the governance.
That is a big enough turn off as it is, imo.
Until those top 50 accounts hold no more than the next 5000, hive is dangerously exposed to a money attack.
Were not most of them idealists, I'd be even more worried.

People that want passive rewards can get them from hbd staking.
The two are roughly equal, for now.

It also expects everyone to be a content creator.

I don't know what the return on splinterlands cards are, but they are not zero.
Other games are giving a return of some kind.
Passive investing pays as much as curating, no need to create content.

However, the coins are concentrated in too few hands.
There are billions of potential hive holders, spreading out that much network effect to 5000 accounts will sell quicker than sending it to 50.
Most folks are getting fed up with the oligarchies.
One ring will never rule this collection of cats.

It is imperative that the whales divest, if decentralization is to be achieved.
That is not likely to happen, just yet, but they could pull out their hooks from the pool.
~53% of curation rewards go to the first 20 accounts.

I'm in on the delegation expiration, I was vocally opposed to delegation period.
All it did was allow the ninjaminers to retain their hold on power more profitably.
Network effect = whales selling.

Powerdowns, imo, should be more frequent, like every third day over 45 days.
Or, the community could oddball anybody on a powerdown and make powering down have a price.
Or, both.

I can see why longer lockups don't sell in the current economy, but I think they are better in the long run.
Imagine having a conglomeration of folks that had money they could hold for years without needing it.
Now imagine the population here doubling.

The more that spreads out, the better.

Siloing folks into 'communities' destroys the one equalizer the havenots had, an equal shot at the inflation.
Not that silos are all bad, I just think it is too early to finalize who controls the stake, and thereby, the hive.
There is enough money to buy most anybody, and those that won't sell can be softened up in relatively easy ways.
The more that risk spreads out, the better, imo.

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Hence why a lot of the talking points are what I hope for in the future.

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I agree with your suggestions. I think the delegation expiration makes sense but I guess this won't change unless it comes in a hard fork (similar to how witness votes expire after the previous hard fork). As for faster power-down, I think it makes sense if you want more foreign investors because I doubt they want to lock things down for 3 months. However, I guess HBD could be their alternative (3 days).

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There aren't that many HBD trading pairs. Sure, one could use the internal market.

The hassle of getting HIVE and then HBD does come in the form of understanding how your Hive wallet works, etc.

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Some really good ideas, I've often seen people with absolutely mega delegations, and it seems like the delegator has completely forgotten about HIVE! I'd say this is quite common, particularly if they left when HIVE was worth a whole lot less.

Good to see you my friend, Tim.

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Those type of scenarios tend to lead to questionable behaviours down the road when it doesn’t cost the beneficiary anything.

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Those seem like some pretty reasonable ideas to me. Do you think the price of the second layer tokens would increase if the HIVE value was taken out of the equation? As we move towards more niche communities, it makes sense that they would be self contained and not subject to the whims of base layer parties.

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I'm sure L2 tokens' values will still be tied to HIVE, but at least we won't have global reward disagreements.

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Yeah, some of those are getting out of hand. Worst case the person just finds a new community to be part of. Perhaps they will be more forgiving or understanding.

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hive is very flexible in many areas and the fact that any programmer can come and test their ideas is an extra bonus!

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(Edited)

I think L1 should focus on economic incentives and governance.

It sounds similar to a federated model: more local levels handle more local matters, and the overall level handles matters of concern to all. I don't want to compare it with nations and states, but the pinciple is similar.

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