Community Development: Perspectives to 50% SPORTS Tax on Non-native posts
After reading this post by @botefarm on his perspective of the recent proposal for 50% tax on non-native SPORTSTALK posts, I decided to pen my response and seeing it was so long, I have to submit it in a post form first before submitting as a comment to his post.
Thanks Botefarm for all you do for SPORTS and the supports so far. Thanks for also taking time to air your views on the present 50% tax cut on non-native sportstalk posts. While I understand you totally, yet, I have my reservations on your positions in this post.
By now, Sportstalk should have had more than two DAPPS built on it, either gaming, betting or Sports prediction, enough use cases to bring about the buying of Sports and more reason for people to hold Sports because they know the values.
With Proposals system now up, we should not be blaming anyone for dapp development on SPORTS. Everyone now has the opportunity top build something. I have and you have. let's reach out to the developers we know and get creative, set-up a proposal and if it looks great, then, community will support and it gets funded. I think @Patrickulrich has done noble to have this going.
When it comes to burning, a 10% of reward sent to null across all post made with the Sportstalk tag should be good enough. At a flat rate, either posting from native or non-native.
I totally disagree with this. How would we have to burn 10% of all posts including native posts. What then would be the incentive to post on sportstalk and grow SEO for the community. I would out-rightly say that I personally earn much of my SPORTS from posts earned from LeoFinance end which is my main account. But I can;'t help as much as I know that burning tokens would be to the good of SPORTS in the long run.
Even if it's a must to send user's reward to Null, it's still okay at 10% for non-native Sports posts reward to be Sent To Null.
I'll agree that we could set another proposal to review the 50% tax and maybe reduce it to 30%. For me, 10% is really out of scope. We must understand that the printing rate and supply of SPORTS is different from that of LEO and STEM, their supply and printing rate is quite low compared to SPORTS. Setting a 10% tax is as good as doing nothing.
I'll vote for a 30% tax if the present doesn't pass.
Depriving users of there reward because they refuse to use your Interface is a narcissist way of forcing users to bend to your rule.
50% tax doesn't deprive anyone of rewards, it's only reducing the rewards for not posting on the SPORTSTALK UI by half of what the user would have gotten. Remember also that earning SPORTS for a typical Actifit post is a "bonus".
You're also depriving them of the reward from there post totally. That's not funny at all. Not forgetting that back in the days the @actifit you're all fighting against bought some Sports to reward her actifiters.
Actifiters (including myself) are not deprived of rewards. If I may ask, do you receive AFIT rewards for posting on Sportstalk with #actifit tag? No is the answer. It's not a fight against actifit, The STS community is just trying to create more incentives for other users to also use their frontend. It's not a war against Actifit.
I also create actifit posts and earn some decent SPORTS from them, but then, it's just a bonus to add to my AFIT rewards.
Let's be able to face the realities of the issues constructively. 50% tax looks high, we can review it to 30% or so but 10% is too low for a token like SPORTS.
I am a top buyer when it comes to SPORTS and I can tell which accounts do dump their SPORTS on me. I track them and have the records. It consists mostly of those who earn SPORTS as a bonus. They neither stake the token, only dump after payout. We all have the liberty to do what we like with our tokens earned and the community also has the liberty to tell who earns more of the tokens or not as an incentive to encourage users to use their front end.
We should be happy to see SPORTS go the present direction in price and development. Let's join hands to make it better. Collaboration with other communities is good but should not be at the detriment of the home community. Let's put things in their right perspectives, SPORTS can grow again. When SPORTS scales to new heights, we'll have more new collaborations. LeoFinance had no collaboration until it came to the limelight.
Let's reach out to the typical sports content writers, and have this place populated.
One Love!
Let's build this community together, we've stayed together during those low tide times.
I guess I'll have to stand with the 30% tax burn.
I also saw the other post from @botefarm on LeoFinance about reducing it to 10%. It's still like not doing anything like you said. it's too low for a community like Sportstalk with a huge supply.
If also the 50% proposal gets approved I'll say it's a win/win for everyone. The Actifit part too would gain from it probably when/if the price increases.
It's won't be a bad idea if the 50% tax is reviewed, so as to have a user friendly community. We can split the 50 to half which is 25% or peg it at 30%. 75% or 70% returns should serve both sides right. Just an opinion !WINE
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Thanks bro for the comment. 25- 30% would be decent. 10% is far far from an ideal.
So good that there has started a conversation about this. But I agree with you on the tax, it doesn't deprive anyone from rewards. It's a bonus for actifitters and all the rest have a choice of using Sports UI or not. No matter if peakd is easier to use today or not.
I think we should start here, examine what happens, evalutate and take next step from there. The most important after this is to get some development goin on, build more stuff connected to Sports and attract new users!
The approach makes sense. Use the UI and get more coin. There are much better UIs out there, but when posting is concerned I don't know that it matters. It's better to post with the native UI anyway to demonstrate engagement.
Very true.
Very true. We make changes and we appraise our step taken before considering a review.
I'm so humbled at the same time so happy at your reply. It's well thought of.
Yes, you might think 10% is too low, but when you calculate a 10% reward of all sports post made in a day, that's a huge sum you have there, maybe we could track that and see first before gunning for the 30%.
With all the due respect as the highest stake owner of Sports, I think making the 10% on only non-native Sports interface is also fare. Let them pay for the burn.
But it will never sit comfortable with me to burn out all the liquid reward of a post all in the name of burning, thereby paying for the sin(the high printing rate and supply of sports) you didn't commit.
Lol lol lol lol... Let's see things roll out first so we can ascertain how safe this model would be. Please start using the STS end for your posts and gladly have my curation. Look at the market and you'll be glad how this change can reshape SPORTS. and the STS community.
I have no issue with 50% and seems fair. Actifit rewards on sports is a bonus and sports users get no actifit so 50% is a fair reward. Most actifitters dump the rewards anyway so why must sports suffer for this in the long term?
Thanks for supporting this for the growth of SPORTS. Already the market is scarce of "dumpable" token.
Burning 50% of the author rewards looks high but if you consider the SPORTS token supply and which post dominates here in number, it makes perfect sense. Reducing the supply and creating more demand can be a blessing. At first, it might feel bad when someone sees he/she gets 50% less rewards for a non-native post, but when SPORTS tokens price goes up, everyone will be happy.
Now SPORTS price is going up, who is not happy about this? :)
Like you've said, seeing a rise in SPORTS due to reduced token circulation is a win win for all. What's the point of earning so much when they ain't worth anything tangible?
That's the point! :)
When I saw the proposal I thought that 50% from author reward will be burn which means 25% from the 50% author reward as 50% is shared with curators but if all of the authors reward gonna be burn I thing that's insane and it's same like censorship which was happens before with us.
If someone is dumping sports tokens than he/she can use curation rewards and when someone earn curation rewards and starts his power down than maybe thousands or millions of sports tokens will be sell at the same time which hurt the price more than now.
I'll support 25 or even 30% burning but if 50% all of the rewards are gonna burn than it's a bad news for everyone who have spend their time and hive on sports. If it is just because of the traffic issue than let's think if everyone start using the platform than a huge mass of low quality content will be created in the future.
It can't be all. That would be dis-incentivization and it's not in a feature in Hive in as much as quality is not the concern.
We're not bothered if someone dumps SPORTS or not. It's a choice. But let it be that whoever earns SPORTS does not do so in away that is sucking out value from the STS community. We need the engagement to boost the community so new users and investors can join.