Good read with lots to think about.
You mentioned (in the comments) that if someone isn’t using the voting power of their entire stake that they are the ones loosing value. It’s true. This inflationary system entitles all stake holders to vote value (inflation) into the system. (I believe it’s at a set rate?) This incentivizes use of the system. Holding Blurt and not utilizing it means that you are going backwards in the value of what you are holding. If everyone didn’t vote… then yes. The value of Blurt would go UP but this is not what it’s been engineered to do… so whoever votes with their voting power controls the value of Blurt. Also… investment (demand) flowing in (or out) controls value as well. Additionally… fees (being burned) act as a deflationary counterbalance. This last part I find to be interesting… because it’s one of the aspects about Blurt that is different than Hive.
As well…
I found it interesting that you mentioned HBD in the comments. It’s absolutely true. Non-Participation is being rewarded on the Hive Blockchain. This is a way to direct the flow of value to passive accounts that are NOT making the engine turn. Holders of HBD are the actual owners of the Hive Blockchain… but to its determent as they are not utilizing (turning) the system and making it work. I believe this further centralizes the blockchain and puts more and more wealth in the hands of people who are not interested in producing value on the blockchain. Another reason why I think that Hive is on its way out.
Still… we could capitalize on HBD and use it to control and diverge the price of Blurt (on Hive Engine) from Hive. That being said… I’m leaning towards getting out altogether so that I can entirely focus on Blurts well-being.
huh? would you really like to try that!?
ridiculous notion.
very similar to those (far too many) who think burning tokens increases their value.
I guess burning them to zero would make them of infinite value.
banksters own the media that blame govscum who are also owned by banksters.
watch the hands, not the puppets.
why does lamestream media never blame the banksters for being rapacious POS?
never bite the hand that feeds you
💋
i say whatever i wish and people vote however they like
also, declining rewards does nothing except shovel more money directly into the mouths of the top earners
Nope .. it is evenly shared compared on many calculations
Number of followers , number of posts , number of images etc..
top earners ( 20% ) or low earners ( 1% ) will have a piece of the cake .
this was actually a critique of hive
but a lot of the same principles apply
the top earners still get a larger portion of the "reward-pool" so they would benefit more from anyone declining rewards
and the "reward-pool" (even with @rycharde 's dynamic tweaks) still generates inflation
it's a way to funnel demand for splinterlands cards (50,000 users) into the pockets of the savvy oligarchs
👆
Your indeed correct. It is interesting to see how they have made HBD a priority... and it's all so that people with large amounts can extract even more value without doing anything.
Things don't last forever... I'm wondering what is going to happen when Spinterlands dies down. I think the price of Hive is likely to follow.
So last Christmas Hive pumped (like an artificial Christmas tree) and I'm thinking something like that might happen again... I thought about waiting for that possible event... but then reconsidered. It's more important for me to vote and follow my values.
Speaking of which...
I'll be cashing out my HBD. You have convinced me.
it's like when google (and many other big corporations) bought up a bunch of saudi-aramco shares
sure, saudi-aramco is the world's most profitable company
and it looks like "a solid investment"
but do you really agree with and support the actions of saudi arabia ?
On 2 October 2018, Jamal Khashoggi, a Saudi dissident journalist was assassinated by agents of the Saudi government at the Saudi consulate in Istanbul, Turkey.[4][5] Khashoggi was ambushed and strangled by a 15-member squad of Saudi assassins.[6][7] His body was dismembered and disposed of.[8] Khashoggi's final moments were captured in audio recordings, transcripts of which were subsequently made public.[6][9]
The Saudi government engaged in an extensive effort to cover up the killing, including destroying evidence.[7] By 16 October, separate investigations by Turkish officials and The New York Times had concluded that the murder was premeditated and that some members of the Saudi hit team were closely connected to Mohammed bin Salman, the crown prince of Saudi Arabia.[10] **
I’m just glad I sold most of my hive around that time. Not that I have loads but at least I got out of one token near the top 😂
anyone holding HBD is contributing to the oligarchy
Yes. This is fact.
Thank you for putting it this way...
I'm officially selling off my HBD.
We don't need to play their game (and their rules) anymore... the sooner I'm done with Hive... the better.
exactly