RE: Debate Topics for Hive
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Good list! I would add the lack of decentralization! Most stake is in the hands of max. 20 individuals (with multiple accounts). Sure, it is similar in real life, but it also means there would be hard to find a consensus to change essential points in the tocenomics which potentially bring the top 20 less profit (e.g. change the 50/50 distribution of author/curator to more for the authors). Instead of giving more incentives to authors for posting and engaging, certain people are discussing the opposite, to remove the author rewards. The effortless (i.e. automatized) free passive income for the whales (in form of curation rewards without actually manual curation) was I think introduced to attract outside investors. Turned out it failed completely and just makes the whales fatter each month!
Also the lack of transparency about the proposals and how the 100000s of HBD are actually spent should be on the list!
Those are some valid points that I agree with...
The proposed changes could create an even bigger gap between whales and the rest, that's what I do agree too... But, I found another big issue with this thing with decentralization and token distribution... The approach of "regular" Hivians about their HivePower... I have put a focus on EDUCATING people about the advantages of HivePower in YOUR own wallet as many just delegate ALL their HP and centralize the power in the hands of whales even more!!!
It looks like a minor problem, but believe me, it's not... Those big boys further upvote HBD stabilizer comments and those rewards go back to DHF and NOT to the Hivians that create content... again, centralizing and distributing HIVE to big accounts, preventing "faster" decentralization and better distribution...
That's just one example, but we have many similar examples...
Indeed, it is too tempting to delegate HP out.
Fair points!
I forgot to mention there have been discussions on the transparency of DHF proposals, and how they currently work, without much check on reaching milestones in certain timeframes, and without serious justification of the funds being asked for (and received), in some cases.
Regarding the 50/50 split on authors/curators, my position is more nuanced.
On one end, I do understand your position that whales earn maybe a disproportionate amount from curation (usually doing it automatically), curation being the most profitable (passive) income for them on Hive, by far.
At the same time, when the split was 70/30, they had other means to boost their split by early curation and by the size of the account because then, the size of the account influenced the curation rewards you received. It could reach 45% from what I heard back then, from 30%. At least with 50/50 and linear rewards, 50% is 50%, regardless of the size of the account.
I remember when the discussion was made to switch from 70/30 to 50/50, one of the arguments was that there was too much spam and self-voting going after the 70%. I don't know how the spam level is now compared to then, but I believe self-voting for curation purposes has lowered significantly since it doesn't make a difference if you vote for your post or a different post, and you get the same 50% on your vote.
Regarding decentralization of stake... there are 37 "official" HP whales on Hive according to @arcange's report from yesterday, which is okay compared to most other chains. What I'd like to see is their combined stake remain at around 50% or lower, and maybe a few others have a chance to join their ranks over time.
Self-voting for curation purposes is not the issue, the top whales are anyway not big content producers, so not sure how a change from 50/50 to 70/30 should increase spam. The spammers typically anyway have no big stake.
Not sure what you mean here, the early sniper 5min curation window is long gone, the reward curve is the same, regardless of the size of the account. Sure, that after 24h the curation is less, makes no sense to me, that´s another story.
I probably should be also in favor of the 50/50, as I earn >2000 per month for curation and only 450 or so as author, but it still seems unfair for most of the people.
I was describing what the discussions were when the change from 70/30 to 50/50 was made. Not what the status quo is, currently.
I still earn more from author rewards than curation, but that will probably shift at some point not so far into the future. I understand what you are saying and I agree with 50/50 whales earn way too much from curation, but maybe the same thing is a motivator to stake more HP for smaller accounts.
True, for me it was!