RE: Ask Me Anything - Marky Edition
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Why convergent curve?
I m still confused why this is implemented although it helps little bit to stop reward pool abuse. Self comments upvoting stopped but its unable to stop self post voting because it starts circle voting and vote trading. The curve only stop a small user with less stack but a whale can get other alternative to bypass the curve and this is happening. Only small user are getting punished. lots of authors lost engagement on their post because small user stopped commenting because of this.
Why Decentralised Developers fund share in the Reward pool?
If we have 80 M hive sitting on the DAO then why a certain percentage going from the reward pool to DAO. This will only increase the chances to abuse the reward pool.
What if we implement a system like defi?
We have saving account in Hive wallet which is totally useless till now. If there is some reward to park your stack in the savings then it will be amazing.
What you think about above questions
Prior to the curve, users were able to farm rewards that were difficult to find due to their small amounts. By using comments they are also able to bypass sharing curation rewards.
The curve doesn't affect most users, even small users as their vote isn't the only vote. The curve is on the post not the vote. I will agree it does impact organic comment voting which tends to have fewer rewards.
It doesn't share the reward pool, it shares the inflation source. The inflation dedicated to the reward pool was reduced to make the DHF sustainable for the future.
Without smart contracts we really can't. This is one of the reasons I am a big fan of getting native smart contracts.
There is a witness parameter to support this already, but most witnesses are not voting for it. This parameter is mostly used to bring HBD up to $1 if it drops down too much, but to date we really haven't used it.
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The answer to one of my questions :)
Knowing KOINOS is coming out with a new chain sometime Q3/4'21 with feeless transactions, and smart contract support. How do you see HIVE competing with KOINOS, and so many other chains implementing smart contracts and making an easy migration path for Ethereum based Defi projects to move to their chain?
I don't have a lot of faith in KOINOS after seeing their initial distribution (think Steem Ninja Mine) and the questionable activity.
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You think the KOINOS team is one of the big miners and owning the big adresses?
I agree regarding the distibution in general, aroun 800/900 adressed only.
But if in the end the team doesn't own a major stake; What would you then say?
I don't know, but I certainly don't like how they have been evasive about it. I was in there when there was one miner making 35K Koin/hour (which would require an AWS infrastructure of $500K/month, gpu miner, or exploit) and they were talking for 2-3 hours about politics using blockchain and completely ignored all requests for information about it. At that point I completely gave up on the project.
Everything I have seen from the project has been disappointing and questionable.
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