RE: Updates to Post Curation and Rewards + A Call for a Community Vote on Content Curation in the FreeCompliments Community
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Appreciate the input! And yes, the concept of "can in one and can't in the other" makes sense, too. I'm just wondering where the line can be drawn in terms of self-governance of a community versus entrusting a rather small entity to do such a job. That small entity with a large stake gives centralization vibes, if that makes sense, because it can end up controlling content the way it wants.
I understand the point about the general consensus across the entire blockchain, though. I wonder whether this tide would change as we introduce more snackable content, or whether we may eventually be able to recommend such posters to place their content in microblogs (such as Threads) rather than the standard blogs. That's a possible alternative!
If you want to know what I think will probably happen. In the future, Hive's reward pool will be removed or almost completely removed, and the communities will pay for the content within them with 2nd layers, just as much of the reward today happens in threads...
I wouldn't even be surprised if INLEO in the near future refuses to reward threads in HIVE and keeps the remuneration only in the second layer... Which would make sense because then they would have full control of the remuneration without depending on Hive's general consensus...
As for the line between self-governance of communities, in my mind it's quite clear (although I know that most people don't see it that clearly) that the communities themselves are proprietary, which means that the owners or moderators decide what kind of content should be posted there and how, but the reward pool is not the community's but Hive's and unfortunately today we only have a proposal to control it to avoid abuse... I confess that I would like this control to be more decentralized and certainly more people will be needed to do this work as Hive grows. I'm not going to go into the merits of how it's done today because in my opinion it's a fruitless discussion until we have another solution to combat abuse...
Interesting thoughts, and I think I did see mention at one point of each community having control over its own rewards. I think taskmaster may have mentioned this, although I don't recall clearly. It definitely has great merits in terms of decentralization!
While I can see this solving the issue of having a single fund that distributes among various communities, it seems like it would be dangerous to get rid of the pool of rewards on which the entire blockchain is based. After all, isn't HIVE the foundational token of the blockchain? I can't see how losing would do anything but fragment the chain into an indecipherable mess.
That said, I also don't have the experience nor knowledge to think this scenario through as others have, so I'll totally concede this to the smart people who have already done so! 😁
Surely the rewards in Hive wouldn't go away... Hive is the heart of the blockchain, without a pool that can be farmed unjustifiably the rewards would be reallocated... There are some proposals for reallocation and some advocate doing it now... I don't think it's time yet, but I also believe that the current model is not favorable for a network with a large number of content creators. It would be impossible to prevent abuse, the pool would be so diluted that the rewards would lose their meaning, so why keep it when you can direct the resources where they would make a real difference? But that's another discussion that has nothing to do with this one...lol