REMOVE PFUNK !!!

If eliminating rewards on the base layer will allow dapps and communities to use tokens to access resource credits and get people in faster and easier with sign up I'm all for it. I would love for the account and wallet creation to not be so tied together and users can come in check it out play around and if they like it latch on a wallet and get going on layer 2 without having to worry or get delgations and all that 

agree with all items and wish to add: *change witness voting rules to improve chain governance.* and while I agree with removing social rewards from base layer, I think moving current setting to an ad hoc 2nd layer with same voting rules can be considered, since it's a waste to just let this 'global blog' vanish. My two cents.

> I’d rather have a community that wants to live up to the potential of this blockchain rather than have a community that looks only at one small aspect of it and panics at any sign that their scraps may be slightly more difficult to cash out.

Bear in mind, those "scraps" to you keep food on the table for people around the world -- and we're in the middle of a GLOBAL economic crisis.  Moving content creators to a second layer disrupts that reality -- having something already on an exchange is important, and it will take time for second-layer tokens to be transformed into the currencies people use every day.

I say this all the time: the community here is NOT what those who want to go to the moon on Hive decide that it is.  I understand that Hive needs to make changes, but everyone else needs to understand that there are real people with real needs for whom what you consider scraps are a lifeline.  Why is cutting that lifeline ALWAYS AT THE TOP OF THE LIST?  

Have a look at Blurt and Zapata, later Steem forks that the community decided it wants no part of.  Of course we don't think that can happen here.  It can.  A lot of us in the so-called richer countries are not going to stick around and watch Hive throw people we care about overboard.  NO.

We totally agree.

quite honestly I don't really understand much of this, and in fact much of how it all works, so I guess I'm a pretty 'run of the mill'user. If the 'normies' out there could see that they could earn little rewards for their posts and interaction, that's probably the biggest draw and for me it's that feeling of "the old interactive internet' that I love. It still has the mid 2000's blog feel that I know a lot of regular internet users wish was Still a 'thing'.

I agree with 5b: let's remove HBD, since it doesn't work and makes the system more complicated than needed.

Otherwise, you're trying to turn Hive into EOS. There are plenty of general-purpose blockchains who have deeper pockets and a higher profile than Hive - let's stick to what makes our platform unique.

This is exactly what my eyes look right now😂👀

On-chain posts and comments are an essential part of governance. Maybe "blog" was a weird way to implement that communication, but the people holding governance tokens and participating in politics should be able to communicate on-chain with reactions measured by stake

If you want "safe" blog rewards or whatever, put that in L2, but do not get rid of on-chain communication among governance token holders and the body politic

#Resteem
Great idea and plan. Hive will have good future.

This seems more like a new EIP + Feature Requests that is focused on improving the native token fundamentals, as well as boosting adoption.  Fair enough.

While, I agree with the vision, for these particular action items, I have no strong feelings one way or the other.  I know that seems like a joke/meme statement on my part, but I really could go with these proposed ideas or just skip them.  Or cherry-pick them, doesn't matter.

I don't think fiddling with the economics will make any difference to the price or adoption.  I also don't think leaving it the way it is will really matter either.

I also don't have a better idea, but that doesn't mean we should or shouldn't do this.

Having said that, I do think we have plenty of tools already.  I think it's *possible* to have a vision without changing much consensus at all.  But what that vision looks like, I don't know.

If I seem like I'm contradicting myself in the same reply, I apologize.

@woelfchen said it good.

> I dont think it's a good time to play around with base layer economic mechanics like that... better release SMT and if you still want to better economics, then fix HBD, make loans able and peg HBD to it.

I think the rewards pool built in on a base layer is something that gave us our initial wings and growth. To remove this would be to alienate a wide percentage of our users. Yes I understand moving rewards to a second layer, however then you're saying these people will have to exchange these rewards to HIVE and then trade HIVE to another token, I think it would just be shooting ourselves in the foot.

I do understand your motivations and thought behind this process but the people is what makes this block chain good. Without a community what do we have? if we want just a solid block chain the build things upon, could always just hard fork and make one just for that. But HIVE is about the people. We must embrace them not alienate them.

Also we are now starting to gather some momentum, you go ahead and kill the First layer rewards, that momentum is going to stop. 

I am 100% behind fixing HBD or just getting rid of it in favor of 100% HIVE token. 

Thanks for sharing your thoughts though.

An interesting set of ideas, though I'm not sure if hive as it is would be the place for them, or that it could survive such a dramatic shift in philosophy and structure. Removing rewards from the base layer could seen as a huge power grab I'd reckon. 

I really appreciate this post, broguydude. I dunno. Sometimes I guess it just feels good to see what's on your mind, and that your long term plan resonates with mine. And that you would go to so much trouble to type up something so well thought out. 

Oh, and the artwork. 

Burn the DAO. 100% agreed. The DAO is a failure as is and itd be best to just get rid of majority of the funds. I'd say burn 90%. Keep what we need to fund the infrastructure. 

The proposal system needs a major overhaul to benefit Hive. 
Right now all it does is exert downward pressure on the price while we fund worthless fluff like the ledger development that will never pay for itself.

Regarding the rest... You need SMTs and a strong second layer to even consider removing social rewards. If that happens before the second layer is even somewhat established Hive will die. 
There's no doubt about it. 

These are all just my own opinions.

The question is, what you want to build?
Steem was/is a competitor for facebook and medium and I believe it designed to be such. We, in the past, compared Hive with other social media platforms like medium, youtube, twitter, etc.
Hive is a social media blockchain in the base layer and it is known for that. It requires super marketing efforts to change people's minds and re-introduce it in another way. We advertised Hive as permanent storage for content.

HBD needs improvements and I believe it can attract more people by introducing some sort of light accounts. A decentralized stable coin with zero fees.

Considering millions of users, inflation is not that much compared to the already distributed tokens. IMO we should improve the reward distribution to make it more decentralized and fair enough.

I think instead of removing social rewards, we can introduce another token which is interchangeable with HIVE, as the investment token. So, you buy HIVE, invest it by converting to the Invest token, then you earn interest or any other benefits, or at least you don't lose coin value by inflation.

And good documentation is necessary.

I think there are many ways to improve Hive over time. We need more and more discussion.

Awesome, I agree with everything. DeFi would be cool but seems a bit too ambitious. We are already far from the competition and Hive taps into another use-case. Let's focus on second layer and dapps and leave DeFi to chains with better security. 

Also, rewards should be removed off the main chain only after SMTs are created. It would be too much of a disruption not to create another token that works in the same way a the current model.

Meanwhile, the main architect of the world's biggest dapp, Splinterlands, also hive-engine and nftshowroom, is languishing in 23rd position. 
How do we expect entrepreneurs to take us seriously when @aggroed doesn't have a seat at the big boy table?