I appreciate your diplomatic approach Boris, and I happen to share your tactics as a preference. I think this conversation we are having, both here and in MM needs to continue.
It's as you say, its not about witch hunting. I'm not pointing fingers and calling people enemies or anything of the sort. I'm simply saying, and this is really the point we must be able to agree on, that we cannot continue to spend right now. The price is not helping.
I know that GP, and he means it, is of the idea that VP is small potatoes, and that these expenses won't really make a dent. But, the data you are showing here, at the very least shows a very tight correlation between these two things.
Now, I'm going to make the logical flaw of equating correlation with causation, but at the same time, we can't pretend everything is peachy because its not.
Now, I realize there's a downward spiral that can happen if we kill all things that VP is doing, which is, to be perfectly clear, something I'm not advocating for. But when things are not going well in a household you make adjustments.
At this moment, my finances are in the trash, so I'm eating at home, and most days canned food. I could say spending a little bit more won't kill me, but I'm trying to slowdown my spending, as to have reserves for real emergencies.
Where do I see things going if we keep on this path. To me, there are two possibilities, and I don't know which one is uglier.
We do nothing
We toss the coin into the air and wait for something to happen.
We could get lucky, an app could pickup momentum, maybe a world tragedy gives us an edge, because we don't censor. Something.
I would call this choice the "prayer to the sky" - And one that I think people feel too comfortable with. I personally don't, having all my patrimony on chain.
If we crash, if we burn, whatever infighting might be happening right now, will be child's play. There's a chance we will end up seeing a fork, people will accuse other people of attacking the chain with their choices. I mean, the word ugly does not cut it.
We do something.
We make a compromise. Maybe we reduce outflows to programs that we are currently running as to give some breathing room to Hive. We are out of buyers, as the traders would say. So, the little buyers that we have, which may even be us, hiveans, need to not get dunked on so hard right now.
It could be that it doesn't really help much, I'll grant you that. But in the worse case, we are still slowing down the bleeding, the dilution of our stake.
I also realize, there's a political cost to be paid for those who bring up these subjects, and I certainly don't want to throw mud into a spinning fan. But the alternative is possibly worse, we simply don't know.
So I applaud your approach, and your efforts to make a solid case for a needed change.
We need to get whales to see this video, and to have a real discussion about the current situation on hive. It's not about drama, its not about blowing things out of proportion, its about facts.
We can start by voting on the return proposal and demanding more strict KPIs for any project requesting funding from the DHF. I would also vote for a burn proposal.
I want to see the conversation go on, this is how we move forward. The answers are not clear but clarity will come from talking it over.
And yes, we need adjustment. It's for the better. If we manage to make a good adjustment, we'll come out way stronger. I'm sure of it.
You articulate everything I wanted to say way better than I could
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I really do love the way you said this.
Just 4 days ago I was talking with someone who said he didn't think the price of hive would pass 0.15$, this morning it's 0.13$
This is red guys and it's a very dirty red.
I'd hate to see this chain be run down.