RE: Hive Rewards Distribution System: Good, Bad & Entitlement
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Very cool and detailed post! In theory the rewards distribution system is good, but there are some major caveats.
https://peakd.com/hive-102930/@tobetada/introducing-a-like-button-to-hive
In general I think it is largely overlooked that it is rather profitable to become a Hive investor: https://peakd.com/hive-174578/@tobetada/compelling-arguments-for-becoming-a-hive-investor
But of course there are risks... but considering that other coins don't give you interest on your investment it can be a good option for an investor
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Thank You. The cool thing about Hive is that anybody can develop Apps that don't really rely on the core reward pool. Like buttons, etc, anything is possible. Tribes for example showed a great implementation pool of Hive without relying on the core rewards pool.
Hive is still a risky investment. At one time my wallet was worth $80000 with four times less the amount of coins. More investors we have that believe in the project and its success is better. For this it is also important for any user to understand that investors get the decide how rewards are distributed. It is all fair. At the same time Hive is an open network for anybody to participate and gain influence.
One caveat with this, however, is that it becomes pretty difficult to distribute rewards once they become significant. For example, if my upvotes are 20 Hive+ with one vote, should I upvote content for that much (It basically puts it on the front page)? And if I spread out the vote, distributing rewards becomes a full time job (not everybody has that much time).
Sure, I can delegate it as well. But I think it is quite clear that tokens aren't distributed enough and are too centralized (but PoB only works with decentralization)