I'm not in favour of passive return. I think we have enough rent seeking going on in the world, we can do without much of it here. If we have to pay people to come, then they just leave when we stop paying them. It doesn't make markets more efficient if you allow a large percentage of it to gain value for zero additional productivity.
I will contend also, that the value of Hive is more than just the aggregation of it's content creators. Yes they are an important aspect of it, but the utility of the chain itself goes much beyond that.
RE: Decreasing HBD APR and Posting Rewards and Increasing the Importance of Hive Power (HP)