RE: Hive: Guaranteed Life Changing Money For Your Efforts

The last several years i had been saying dpos systems should not show post earnings. So i certainly agree with that. Studies and observations have been made in relation to the psychological effect of these type things.

In France, social security benefits were raised to 60 years old. meanwhile in America it was around 67. Two groups of people one group feeling it was unfair to raise the retirement benefits age although it was still 7 years less than america. They almost burned down Paris

You see the issue isn't about the aggregate amount of money. There exist the concept of absolute poverty and relative poverty. One person has less than the other and that person even less and so on and so forth. The problem is when you create systems like this. You also create complex exercises in economics and psychology. If you're not proficient in those areas it's going to be easier to have pitfalls.

So it really comes down to how you value your community. Unfortunately the monetary structure of these systems confuses people into equating them to actual value of a person. This is the psychological effect. Inequality also plays out in their mind so then they will raise to a thought process of this is not fair. Despite a false sense of fairness this seemingly happens time and time again.

At this point it doesn't matter why it happens. We just know that it does. It can have harmful effects on systems. I wouldn't be surprised if its not already having a very negative impact. Addressing this problem may be the difference between being a 300 place coin or a top 10 one.

I think that one can view the world through rose colored spectacles when the conditions are favorable to them. I could write a book about this but let me cut it short. Of course the idea of social capital and value from the communities you're in have a value onto themselves. However it's alot harder to duplicate that type social value if you're not on mainstream social media for many obvious reasons. So often times that take us back to the type of money you can count.

I'll say in conclusion. A few easier ways would be your suggestion just keep it mystery what everyone has and what influence they have. The other thing i would have done differently had it been my system. Most whales delegate their stake and charge people for it. Some figures say they earn around 10% a year or more give or take. I think it would have just made more sense for the whales to be directly given and bonded a similar return that way they would be fairly valued in the community. However it would be absolutely no reason i see that they should walk around with influence and confuse the value system bringing outside money in.. I think that just creates more complexities than solutoins. I can see why earlier dpos systems would use that as a funding mechanism. Makes sense in the beginning. Now it doesn't work so well.

Finally a few issues loom in setting up that way. The first issue is i notice whales get alot of attention. Now here's the problem. I don't think they necessarily get alot of attention because of the quality of their material. That's not to take away anything from anyone. Some whales write very good content. Some write mediocre and some are in teh middle some place. That influence i believe is driving alot of that attention. So it's less merit in those type settings and its no competitive pricing on the posts.. So its something else often times and that's fine.. However you don't wanna tell people its the quality of the post and its not just that. There are advantages to dpos as well. However just keep in mind dpos is not the only solution or the only good algo. There are many competing and interesting algos that solve many problems that could be looked into. I thikn Dpos was good for a time and maybe there should be consideration for exploration of other ideas.

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