You need people to keep buying the token otherwise the value goes to shit and I don’t see blurt as being incredibly capable in this regard though I do wish them well and do post from time to time.
Whether someone buys a token or not is a matter of whether they see the point of having it or not. Now on blurt there is one simple mechanism that few people understand the power of and that is micro-commissions. If you understand how hive/steem/blurt works, you are aware that currencies are issued here at a certain constant rate. on blurt it is approximately 4 blurts per block, i.e. every 3-4 seconds, i.e. about ~120,000 Blurts/day. Now if you consider that each user action costs some blurt and let's say for sure that one user using some amount of blurt to publishing, commenting, sending transactions, upvotes, proposals and creating accounts. let's say he will will use on average these 10 blurts (which is quite a rational amount), then 12 000 active users per day will be enough for the supply of blurt to stop growing. The case is that, paradoxically, the more users there are, the greater the need for users to use the platform becomes because more is happening, there are more interesting articles, various temporary discussions on current topics such as world events, etc. There is also a greater sense in promoting yourself, creating a profile, advertising your products. This in turn means that the amount of blurt burned per user increases even more and will lead to a situation in which the prize pool shrinks. As a result, instead of inflation. The token enters the deflation level. The need to have blurt is growing because everyone wants to write on blurt not only because they get some tokens for it, but also because it is starting to become a medium with reach.
The price is rising because the need to buy a token is growing. With the increase in value, and the amount of good content that can be consumed and appreciated, there is also more and more thoughtful voting on content from users. Are you starting to understand?
On blurt, you don't have to worry about spammers or fight fake accounts. You don't have to play low/high effort content shit. To ensure readability and clarity and to prevent good content from getting lost in spam, it is enough to use communities, which allow independent community owners to manage pool groups and flag content at their discretion. Farmers, on the other hand? Let them be as they see fit. You can already see that the blurt community doesn't vote for such accounts, and even if they do, it's only sporadically by mistake before they realize, for example, after a few comments that the account is dead. So the only way to raise capital for the farm is to invest blurt. And since someone invested their money, well... how much can you earn on the farm? Max 20% apr is assuming that the rate is high enough that we can ignore the commission ;] it's no different from the interest rate on HBD. Except that large investors rarely play with farms, and small ones have to bear mega commission costs in relation to the profit.
There is another benefit in connection with the fact that the number of blurts may start to shrink... it is the fact that the fewer blurts in the prize pool, the less sense there is in writing anything because the lower the profitability. So as the prize pool shrinks, there is a decrease in the activity of all those people who have nothing sensible to write and only want to farm because users are no longer so willing to give away tokens for any shit ;]
Spammers will of course continue to publish, but be careful... they will pay for spam, so if it pays off for them, then they are free to do so ;)
The issue of spam is really just a matter of managing content on FE so that what is appreciated, read and well-rewarded is visible, and what is not of interest to users is less visible.
To sum up.. Blurt in its current form is already perfect in that all we need is a large number of users and as the number of users increases, the need to buy blurt appears. If you understand this, you will also understand how weak and ill-considered and unnatural a system hive is.
It's like comparing Permaculture and regenerative agriculture, which harmonizes with the environment, and conventional agriculture, which fights with nature ;]
I also address this answer to other people here who think that downvotes are necessary for something.
RE: I am powering down - The extent of Hive censorship finally reached my awareness!