"The point is that what drives value is not the distribution of inflation. It is demand that plays that role."
Of course. I don't think I've ever said otherwise. We are not meeting any real demand with our social rewards scheme on layer one. Five years of data corroborates this.
"Doesn't Hive already do this?"
Yeah, that was my point. All blockchains operate like that in one way or another.
RE: If I were Hive Dictator for a Day...