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RE: Hive-Engine DAO Funding Proposal

in #dhf3 years ago

Great to see this proposal! I'm wondering why @blocktrades mentioned P2P isn't needed for decentralization. Has there been any communication with him to find out his thoughts on how the 2nd layer can be decentralized?

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We'll be putting forward our proposal for a different 2nd layer smart contract system in another week or two. Our plan is to do an airdrop on Hive stakeholders for the cpu gas token for our smart contract system.

One of the great things about doing smart contracts on the 2nd layer is that Hive will be able to offer multiple competing platforms. For funding purposes via DAO, however, I think there should be a good explanation of how the system is going to help the price of Hive relative to the amount of funds requested.

There's no real need for another p2p system, because 2nd layer apps can piggyback off the existing one. A separate one could be setup to isolate traffic to only apps that need/want the data, of course.

In any case, the best way to do this would be to leverage the existing p2p technology we developed already, instead of creating a new one (creating a good p2p network is a hard problem). As part of our proposal, we'll also take a look at methods for making the p2p code available to various 2nd layer apps that do want their own communication network.

  • Benefits- This is in the proposal, but basically Hive needs more people holding $Hive. After 4 years of trying it seems unlikely to come from blogging rewards anymore, and will come from new apps and communities. They need off the shelf contracts that they can use and a system they can trust. If a no-code, modular, smart contract platform can't bring people here I don't know what will, and people are the only thing I think will ultimately impact price.

If you want more people and a better price for Hive kindly vote this proposal. It's a pretty small amount of money for such a large team and open source development so I think it would be hard for Hive not to get a large bang for the buck.

  • P2P - Well, I thought the same thing about the P2P system myself, but then I experienced the concern and backlash from the community and I was willing to investigate. We did one attempt and it faltered, so trying again. Maybe your audience will be different.

  • "Smart Engine" - I heard the news about your "Smart Engine" project in the developer meeting. From what I understood it's nearly the exact opposite of what I'm trying to build with Hive-Engine. But you're building it on the layer 2 rather than the layer 1 so I'm excited to see what comes of it.

I think the gas concept is neat. Hopefully that gets traction. It seems to help price but hinder development and use case. Again, it's in the layer 2 so many blessings of swift success.

Good afternoon, Aggroed. Good luck with your proposal.

After 4 years of trying it seems unlikely to come from blogging rewards anymore, and will come from new apps and communities.

I'm not sure if the word 'trying' is accurate. You see, content is a product. Our general onboarding attempts are often if not always targeted towards attracting new potential creators with a subtle promise of being paid. So we've been filling our shelves with this product for years, then refusing to open our doors and sell it to the consumer. Consistently cramming the stage full of performers, then ignoring the fact the seats are empty. I've not seen any attempts to attract consumers over the years, even though we offer them the best deal in entertainment this world has to offer.

I do recall a time when potential consumers were quite literally being paid to look away, during the whole paid vote/bidbot era. A content creator back then stood no chance of growing a consumer base because being paid to not consume or look away was advertised to be far more appealing. So let's subtract those years from the four years of "trying".

Many tribes followed the same path. Open the floodgates to creators, create perks that would appeal to the crypto crowd, create amazing consumer perks, then completely ignore the consumer's role. Without those consumers, how are the tribes doing?

The missing element or key ingredient is the consumer, when you're offering a product. Let's just pretend for a moment I'm a professional here. If you ask me what I need in order to succeed, I will tell you I need consumers. If you ask me what I'm lacking here, I will say consumers.

You can't even watch a livestream these days without the host stopping every few minutes to thank consumers for their donations. That steady stream of money pours in daily and it's not exclusive to video content. Consumers are donating or tipping all over the internet. The platforms often take a huge cut. The entire time consumers and creators were getting ripped off by those platforms, Hive sat here offering them a far better deal, and kept it a secret.

The content creators did not fail this platform. Blaming the blogger has seemingly become so incredibly fashionable as of late. So now not only is the massive market of consumer potential being ignored, but a wide swath of the existing and dwindling userbase is also being pushed away further.

I wish to see this place succeed and nothing else. I do not see any problems with creating more apps and communities. I just hope people can learn the importance of placing butts in the seats.

It's crazy how one line can trigger so many thoughts. Just know I mean well.

I agree, many of these second layer projects are getting more crypto agnostic by the day and nothing is stopping an HPS proposal from benefiting without really giving back concrete value.

Let's not advertise until we have a finished product, until, until, until. Actually, Hive as it is, is worth adverising 4X more than it currently is at least. Worth reaching a consensus over, in what our brand really is and stop talking about which technical aspect needs work. I think reaching a marketing consensus is the can of worms witnesses postpone opening and herein lies the advantage of a centralized corporation over a decentralized social media platform.

I agree that blaming the blogger has gone on for long enough, blogging may not be the way of the future for Hive but it still is the way of the present and explains the rebirth of Hive from its own ashes. A dedicated community of social participants decided to believe in this new iteration. We should be thankful and profusely validate the human aspect that is so desperately lacking on other blockchains and how less technical people actually live here.

Well said. It sort of drives me crazy when I hear the line "we've tried this for years and it hasn't worked". To be blunt, we haven't tried shit. People have fiddled with the knobs that hardly effect the end user for years while totally ignoring all the interfaces that people actually interact with or putting any energy into making the applications usable or useful for a potential creator or consumer. The behavior of the users is based on the design of the applications.

Content disappears after 7 days and can't be found in search or discovered organically in any dependable way = it's a waste of time to create good content. Whether you're after rewards or organic engagement, the applications offer you neither and no tools to succeed except to post more. Which is exactly what people do.

To be able to claim we'd tried a lot of the social front we'd need to have dramatically changed to UX over the years based on observed behavior from the users. None of that is happening and IMO the strongest feature of HIVE has become the scapegoat of the failures in other areas.

I've been trying to wrap my head around, everything, lately. I've been somewhat good at seeing where things are headed before they get there, over the past four years of attempting to build a business here. Jotted down a few thoughts here in the entire thread:

https://peakd.com/hive-167922/@nonameslefttouse/re-mindtrap-qjanwz

Building communities is great. Building ghost towns, not so much.

Consider looking into short-form content too @nonameslefttouse.

-> https://d.buzz

We'd love to receive direct constructive criticism from you about our platform.

Social media services like Twitter and Facebook are most often used by the consumer class to help distribute content found on content production platforms like Youtube or online magazine style sites, etc.

A blog post isn't social media. A video isn't social media. A short word and a link to a blog post is social media.

Short form content and social media are two different things. A quick ten second video is not created on Facebook or Twitter, it's shared there; passed around to consumers so more people can see.

Monetizing a tweet and calling that content seems kind of strange to me. That's like paying for advertisements, promos, flyers, etc.

Typically consumers outnumber creators by a huge margin. Creators benefit when consumers use a service to distribute the creator's content free of charge. Maybe now they can earn a few cents for it. It would be incredibly awkward though if distributing content paid more than creating it.

Also, far too often on Twitter I see lengthy thoughts shared in a series of Tweets. When someone has a lot to say, Twitter fails them. They'd be better off having access to a place where they can speak their entire mind in one go without interruption. I would have been incredibly annoyed if I had to break down this response into several responses due to the limitations of the software I use.

So your service does have a place in this world. If I had a UI that organizes and separates my social media from my content creation, I'd probably use your service a lot more. But right now my d.buzz would blend and get mixed in with my content and make my blog look messy, so I prefer not to use it.

If there were two separate feeds, I'd probably use it to announce new content or share what we call reblogs to my following here. I'd use it to quickly scroll through what those I follow are sharing. That feed would need to be in it's own little space that's always accessible, even as I type these words here in this box. Or as I'm creating a post, I should be able to easily scroll through the d.buzz feed without having to leave the editor. I think d.buzz would work great as a social media app built right in to something like PeakD, instead of posing as a content creation platform of its own.

spot on @aggroed

...but basically Hive needs more people holding $Hive. After 4 years of trying it seems unlikely to come from blogging rewards anymore, and will come from new apps and communities.

What do you think about it coming from short-form content? @uwelang

-> https://d.buzz

P.S. We'd love to receive direct constructive criticism from You about our Dapp.

Specify the question for a German please - you want my view on short-form content in general?

Well, there is a place of course, the issue on Hive given the blogging history of early Steem days that many still appreciate longer content but I am fan of diverse options. I have to re-try @dbuzz again but give me a bit time.

We are also looking at presenting Our 2nd layer open-source NFT/token standard anyone can use in the next few weeks.

I think a few different teams are working on things. Not sure if this proposal needs to be funded when other teams are working on a similar projects without funding.

Interesting. Well, do you think everyone would win more and bigger if at this early stage all efforts and expertise are combined into one really good solution? And that competition among 2nd-layer platforms can come at a later stage when there is a larger userbase? Instead of creating ultra-niche competing platforms that have very few users.

It's hard to say what the best solution is yet. From my point of view, this proposal is a bit premature. We plan a thorough review of the existing smart contract engines out there, then to focus on the one that looks best, in terms of security, scalability, ease-of-use, etc.

very good, you have my vote. I see the problem too. For a Hive token Holder, there is no benefit to vote for this proposal.

If it would connect to the hive token, the whole story would be different.

So the community pays for the Hive engine government token holders benefit.

Should hive be powered up to be eligible for the airdrop?

Currently the plan is to airdrop on all Hive, liquid and powered-up.

Thanks for the answer.

Pretty interesting. I am looking forward to that.

Thank you @blocktrades! Can't wait for this update.