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RE: A Vision for Hive by foxon

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Viewing a response to: @ats-david/re-foxon-qeraxe

· @foxon ·
Thus removing the incentive to participate and devaluing HIVE because of it
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@ats-david ·
$0.14
So witnesses, devs, and other large stakeholders won’t participate if they can’t get HIVE tokens for nerd talk? 

If that’s the case, then this will be doomed no matter what. 

Anyway...if they want tokens for that, they can use the second-layer NERD token and community. If their discussions are so valuable, then surely that community and token will thrive. Right? 

If it’s not valued, then why should we be paying them with HIVE inflation? 
👍  
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vote details (1)
@foxon ·
If you can't get HIVE for participation in governance/politics, there won't be many large stakeholders. Once the purpose of holding HIVE has been removed, why would anyone want to be a large stakeholder? In hopes that someone makes a cool L2 someday?
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@ats-david ·
Ask all of those Ethereum investors. Their staking will yield around 4-10%. Yet all I see is hype about ETH 2.0 and investors getting *really* excited about it. 

If you think crypto investors and holders scoff at staking rewards, then I think you’re reading the tea leaves incorrectly. 

With what I laid out in my “vision,” we could easily compete with that 4-10% figure...and still have a fast and scalable network with free transactions. 

Also, it should be noted that staking affects governance, development fund dustribution, *and* interest. And we can add other incentives/rewards for base-layer financial products that may rely on stake as well.  
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