RE: Community Voice: How Do we move SportstalkSocial Community further from here?
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I would like to see some penalties in place. If you don't use the @sportstalk front end to post then you forfeit a percentage of rewards. This way actifit could still post yet lose say 50% of this as a penalty. This for me would help add value back to the tribe as at the moment I don't see where the value is. There is no use case for the token so until that is rectified I don't see the point unless it is just stacking for earning potential, but value wise it will never be here. I am still positive about sports, but we need to be honest for what long term prospects the community has.
10 trillion tokens was always going to be the problem I believe as if one works that out in seconds it is over 375 000 years. 10 Billion is a lot and this has 1000 times more. Sports has huge potential and unless there is a use case it has no potential and that needs to be sorted. If I had $1000 or $2000 I wouldn't invest in sports and I obviously love sports so there is an issue that needs fixing.
This is a good suggestion. Isn't that what Leo is doing aswell? Some sort of tax thats used to buy back tokens.
What do you think we can do to add more value to token? Could we replace sports with something new and drop the current % to the users? And not so in to the technical stuff so dont know what we actually can so or not
I think LeoFinance did that ... now I don’t know how it is but buying back from the market when we have a well structured tokenomics and not a token left and right by anyone and with a community like actifit a farm the token every day by the thousands, because if it were bought back from the market as we currently would only be giving money to people who are not really people in the community.
In my opinion this would be throwing money away as the community currently no longer has control over the token.
I wont see it as money thrown away, we need to take some steps in the right direction in order to get where we want to.
The major thing i can point from here is use cases and we have been shouting it over and over again to the owner of the platform. I really stressed on the fact that there is need for a use case and also a master plan for sportstalk. For all I can see so far, all what is going on here is stake to earn, which is not good.
when you talk about use cases what do you mean?
the little experience I have on hive the community tokens are all focused on this in curation
I agree completely on use cases and not sure why you think I would be opposed to having more. We've had "sinks" in the past but they've been depreciated due to changes in the ecosystem. We used to have a Hive voting bot from Hive Engine that allowed people to burn SPORTS for an upvote. We then gave HP delegators to that account a set daily allotment of SPORTS. Unfortunately this was a casualty of the #NewSteem movement and the new risk of free downvotes limited the use of the voting bot until we were draining sports to delegators for no one redeeming them so it was turned off.
I've also paid the Hive Engine team 1000 ENG so they would operate advertising on our site to have tokens burnt. Unfortunately they've not made a burn for any ads to my knowledge since 2019 so that sink is clogged up. I've been working to find other advertising platforms that would pay for placements in Hive (or even BTC) but been unable to find anyone that would take us on yet.
That's 2000 ENG (BEE) + development costs for the delegators that I've spent on creating additional use cases for the tokens. That doesn't even get into I covered in hopes that a community dev would deliver on SportsPredictSocial.com to allow people to burn SPORTS in hopes of earning more sports on successful match predictions.
If you have ideas for sustainable use cases that we can do I'm all ears and ready to support. When the ARCHON proposal system is ready to deploy I will gladly vote for proposals that offer a solid model.
Right now I do not agree with the penalty for those who do not use the community frontend. We cannot want to force people to use a front end that is behind others that are more user friendly.
This I think should be implemented but only after our front end has been completely renovated, it ends up becoming something pleasant and user friendly for people.
At this point I agree to implement something like this to bring more traffic to our front end.
At this moment SPORTS is unable to attract any investor due to the fact that the maximum supply is huge and due to the fact that the token is made by anyone even when there is no content that adds value to the community.
I actually agree with you on that point and hadn't seen it that way and why it is good to discuss these things.
Other than the speed of a platform like Peakd what do you feel makes our site behind other sites in terms of user friendliness? In terms of SPORTS we already have custom features like the sports menu tags and even suggestive tags when publishing to help align content. Maybe there are things we can add in to ours that would make it feel more feature complete.
I think in SPORTS front end we cannot save drafts as we can in peakd
It will save a draft if you start a post but there isn't anywhere near the level of multiple drafts management and future posting features that Peakd offers. You can however save Templates that can act like drafts and then delete after you no longer need that draft.
Having a deeper draft system is something that I'm sure would be upstream merged to Hive Engine Nitrous if we found someone to add it.
Nice to see you here, May be have some inbuilt burning mechanism and roadmap. If we just want it as posting frontend only that token inflation is too huge and need to be taken care of.
One of my first proposals will be to adopt something that I seen @stemgeeks do ages ago with their non-tribe page penalty burn. I think it makes a lot of sense for the tribe's long term growth especially once the advertising is fixed. I've already consulted to find the costs for the contract changes and just waiting until the proposals are ready to see if the tribe agrees that is the right way to go.
I don't think I'll ever fully be for drastically decreasing the token production. Since we have such a large disbursement early on if we lower it we are essentially setting a ruling class of anyone who owns those large amounts. There wouldn't be the same earning potential for future users to offset the gains that early adopters made.
Penalty burn will certainly solve some problem of inflation and it also make distinction who are putting as extra tag vs "only sports".
Inflation can be controlled by introducing new token that will be swapped with existing SPORTS, new token will come with fairly less supply and less inflation.
First thank you for all that you do for this tribe. Your contributions are huge for helping advance sports on Hive and are certainly noticed! I also thank you for responding here and will do what I can to help alleviate these issues to the best of my abilities.
I will be issuing a proposal for adopting a post penalty similar to what's seen with STEMGeeks as soon as the proposal system is approved. I've already consulted with the HE team about costs and will have the figures in the proposal when that time comes.
I agree on a need for additional use cases. I'm hoping that we'll see innovative community proposals for this and will be looking to see what I can propose as well. My first focus will be around working to find a functioning advertising solution. I still think that in our current landscape that offers the best form of token removal.
It is a difficult one and something we should all try and help with. I don't have answers and we only want what is best for everyone and advertising is a great start.