RE: How to Reduce Hive's Inflation Problem - Our New DHF Proposal Voting Criteria, HBD APR, and a Proposed Value Plan S.O.P

[starkerz]

Appreciate your valuable input Stoodkev!

1. We think it is likely that with the Haircut looming, many conversions will happen regardless of the HBD APR. but also agree that 6% is low. the idea behind this is that we also dont think that we will go to 6% even at all. but hope that this triggers a move slightly lower so that we are protected from excessive inflation should the price go lower from here. We hope it will even out somewhere around 8-12% range.

2. we are currently in a situation where 4 or so projects are funded for the next 6 months or so and i dont want to calculate the affect of the inflation at these low hive prices that will result from the funding that is already approved, its eye watering. Maybe there is a better way here / compromise on how to do this, but huge proposals that last for a year also cannot continue and have us remain a credible chain. the other thing that can happen here is that proposals can plan 1-2 months ahead and start early lobbying for votes. But am open to other suggestions on how to do this while both minimising risk to Hive due to inflation at low hive prices, while also making it easier to lobby for votes in a timely manner. maybe a DHF review committee could help with this function?

3. i agree that some things should be gotten to the point of shipping that are still WIP and will have a large positive affect on the eco system. We should probably have a go at identifying these things and figuring out what we can afford to ship / low hanging fruit while making a go at not issuing too much more fresh money from the DHF

I dont think we are saying to give up at all. This strategy should be a temporary thing, as we are teetering on hyper inflation, and it is always better to take action that allows things to live to fight another day in my opinion. Also many of the products on hive are great already as they are and far outperform much of what is out there. i think hives products and tools are strong already and can make a huge impact IF marketed in a smart way (which we have not been great at so far).

Sincerely appreciate your input here. Keen to talk more with you and look at ways to build the highest result, lowest cost stuff while doing what we can to limit the inflation

Comments

[stoodkev]

1. Yeah that sounds more realistic.
2. I don't think that's a real problem in the end, stakeholders can remove their vote at any time if the project drags for too long and stops adding value. Ofc, each stakeholder can judge of that independently, just my two cents. As a proposal leader, I'd rather spend my time working on development than being constantly campaigning; that's also a waste of resources.
3. Agreed on that
4. Your last paragraph > I'd actually think that what you said on 3/ makes more sense to me, identifying waste and cutting it rather than trying to cut everywhere. Big projects cannot really be completely switched off and on at will. Talents will leave, and it's not easy to find good devs who know how to develop on Hive. Training others takes time and costs resources. Having crypto-related Apps on iOS and Android also requires a company to publish the Apps. Just adding these things here because I'm not sure everyone would necessarily think about that.

It's good to talk about these things, glad we're having this discussion.

[starkerz]

1. Maybe someone can help projects out to lobby for votes?
2. Noted
3. Yes, it is a good point and it should be taken into consideration. Although inflating the token to keep "talent" and devs working is good for a time (like the last 2 years of inflation), many devs have been funded for a long time now and should have stake. At this point we are moving to a place where only devs will have tokens and investors will have been diluted. That is also not an acceptable scenario. And so there is a middle way there somewhere, that we kind of need to find urgently

[stoodkev]

1/ maybe, though I've done this many times it's a long and thankless task when you don't have the support of the biggest whales. I guess I'll just have to get back to it since we've just lost our funding.
3/ I was mostly talking about devs being employed by the projects, not project owners.

[starkerz]

1/ seems ur funded again
3/ im referring to both. stake holders diluted to keep "talent" around is a totally unacceptable scenario to both the reputation of Hive builders and stake holders. Like i say, DHF outflows must be cut, and we can maybe find a balance where everyone can win and the people both voting for and receiving DHF outflows may have a chance to save their reputations as people who can avoid Zumbabwe style money printing into oblivion. Have no doubt that the votes and DHF outflows are on chain and everyone can see who is contributing to the situation.