RE: HIVE Inflation | Is it too high? | Part 2

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Idea of reducing iflation is good, but the way what your proposal do that is no accteptable.

  1. In DHF are massife funds and 10% of inflation pool goes to DHF, if you want reduce inflation, just don't give that much %. We can easy make cut over here. I agree that this should be totally removed or be just symbolic 1% of inflation pool.
  2. Many authors earn less than 10$ HBD in payout per day. It gives 5$ for day. With your cuts it will be 2.5$. Tell me, which author want make content for less than 3$?
  3. If authours will not make content, who gonna curate curators? They gonna just pump their voting power anywhere just to get some rewards.
  4. There is around 400kk hive right now, after reducing inflation, there still will be over 400kk hive. I don't think so that it change something in price. Maybe after long future, but for now it didn't change anything.
  5. Witnesses earning 10k hive per month and you think is not that much? Sustain cost for their servers are around 50$, which give with price ~0.2$ hive around 1950$ profit with running node. Of course there are witnesses, which really do something for the platform in this time, we see their work in proposals, but they get additional cash for that.
  6. We should reduce inflation for incoming years like 2% cut per year to level 3% or less.
hive-167922
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(Edited)

I have adressed all this in the post, so you might read it again to find the answers.

In short:
When the steem/hive price was 0.1$, there was still authors posting. Maybe not as much but still.

The goal is to make Hive worth more, 0.5$ at least, so you will earn the same or more.

What you would like more? 10k hive at 0.1$, or 5k hive at 0.5$? Its 1000 to 2500.

I'm talking about the next 5 years, that have the highest inflation in absolute numbers. From 364M to around 540M, 176 more HIVE, or 50% larger supply. Its not the same number as you say 400kk....

About witness rewards, check how much EOS block producer makes, or TRON or TEZOS. Witnesses secure the network. We want high rewards and people that are willing to run witness nodes, for security. A blockchain is as good as much is secured.

If someone want to be a witness, buy a lot of stake and vote your self.

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Lol, I don't know anything about tezos, but I wouldn't take those other two for a reference.
They have a lot of hill to climb before they prove themselves to me.

Posted Using LeoFinance

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(Edited)

Top 20, or top 10 at times, looks like they have climbed the hill much more then hive.

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Yes, but hive been to #3 and has a use case that is getting used.
Call me biased, but I don't hold either of those.

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  1. Witnesses play important role. The committed witness to our HIVE the the more everyone else in the blockchain benefit. That means they’ll work towards improving and developing our decentralised network.

I personally love to see more competition for our top 20 witness. The beautiful thing about this decentralisation is anyone can run the witness node and get into the top 20.

  1. Over time we want to see inflation reducing. Our main focus should be now is to rebuild our hive brand and growing our hive Network.

I strongly believe our main priority is Growth

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