Hive Chain? I Might Love It, Here's My Wishlist... (this is a long one, but an important one)
View this post on Hive: Hive Chain? I Might Love It, Here's My Wishlist... (this is a long one, but an important one)
View this post on Hive: Hive Chain? I Might Love It, Here's My Wishlist... (this is a long one, but an important one)
If Steem forks there are three more features I'd like to see added:
Vote decay - only active accounts should have influence on the network.
Voting rewards - WAX is already doing this. Token holders should be rewarded for participating in governance.
Mechanism for protocol upgrades - similar to Tezos and Telos there should be a democratic process by which we can vote on upgrades to the chain itself.
My Thoughts:
I don't fully agree with this. I think we should allow people to come & go as they please, and use the chain as they see fit ( for instance, perhaps they want their heavy-stake account to do witness voting, but they use a secondary account for blogging & commenting ).
Although, I suppose I wouldn't be opposed to a very small "decay", say instead of 1 full weight vote, accounts who aren't active for over 6 months get knocked to 0.75 weight vote?
Something small, perhaps... I don't know. This is an interesting idea! But I'm not sure where I stand on it currently.
Agreed! I mentioned that in my post: "very small monthly reward for voting for all 10"
I think if you take the time to help govern the chain by voting for witnesses, you deserve an incentive. Of course, cons of this would be voting randomly just to earn rewards, but it'll need to be discussed more.
Another good idea. Technically our mechanism currently are the witnesses themselves ( ie, vote for who you believe has your best interest at heart ), but people's opinions can rapidly change so having each major upgrade go through some sort of voting / community-decision making would be very cool to see!
Thanks for your feedback :^)