There are multiple issues with our current DHF setup, which are rarely mentioned, which doesn't make them nonexistent... So, your post is a nice starting point for a broader discussion, and a wake-up call for Hive stakeholders, as they are those who are carrying the weight of all this... Every vote (witness or DHF proposal) has its weight, and it makes the VOTER RESPONSIBLE for it! The responsibility is taken very lightly, and unfortunately, people are not looking too much in the long term when they make decisions...
Some of the other issues that come to my mind randomly are...
If I want to launch a HIVE frontend, how can I compete with some other frontends that are funded by DHF? In a way, it kills the possibility of having a competition (it's a monopoly), which again means that maybe some better devs are discouraged from even trying to build on HIVE... Btw. frontends are just an example...
With the current setup, DHF-funded proposals have no incentives at all to see HIVE flourishing except for the possibility to be funded over and over again... So, in that way, your proposal of capping the fund with the HIVE marketcap makes a lot of sense... "If you want to get more funds, work for it!" At this moment, in a way, people work for HBD, and not for HIVE...
Building a self-sustainable project is the only way the DHF would have any meaning... What you proposed to give 10% back to DHF is a nice start, but it should be 110% back, if a proposal gets funded...
Maintenance expenses can't be equal to the project development expenses... The project has to have a business plan and define the "final product"... Everything after that should be considered maintenance, except for some crucial updates and upgrades of the product, which should have a separate proposal...
There are plenty of good ideas out in the community... As I said, this is a nice discussion-starting post, and thanks for taking the time to write it down!
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Good point, having a small chain with two cryptocurrencies like HBD and Hive creates massive conflicts of interest, and is a dangerous and opaque source of inflation (algorithmic stable coin). HBD gets higher APR than Hive stakeholders and projects bother more about the value of HBD than Hive if they are paid in HBD.
In many ways, yes i dont think its malicious, i just think its human and the code is what it is, at the moment
hey there @ph1102, cant disagree with any of this. I hope that people are more rigorous with their comments on future proposals, most of these points are pertinent in helping make projects accountable in some ways
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