Please note: if you want to burn some HIVE as part of this initiative to reduce Hive inflation (symbolically at least), please do vote this post as much as you can, since its rewards burn to @null
Inflation has been running hot on Hive for a long time, and our view is that it has severely damaged the Market Cap ranking and price of the $HIVE token.
Everyone says "We are in a crypto bear market", but they can never explain the Coin Market Cap rankings drop. We put it that the reason for the CMC ranking drop is the amount of Hive the community has printed (60 Million - see chart 1 below "HIVE Created from conversions (mostly from the DHF)"), on top of the programmatic inflation, with little to show for it.
Hive has a programmatic inflation schedule that defines how new tokens are issued, author rewards, curation rewards, witness rewards, etc.
This type of new token issuance is predictable, priced in, and programmatically ever-reducing. But the inflation that is hurting Hive isn't the predictable, programmed kind — it's the extra, discretionary money printing happening outside the normal, programmatically decreasing inflation schedule.
Through high HBD APR and excessive DHF outflows, Hive has introduced millions of additional tokens into circulation, far beyond what the economy can absorb.
This non-programmatic inflation is unpredictable, unbounded, and directly affects circulating supply, price stability, and ultimately Hive's global market ranking.
TL;DR
Hive is experiencing severe non-programmatic inflation caused mainly by excessive money printing in the form of:
High HBD APR (15%), which prints ~1.65M HBD/year → ~3.2% inflation.
- Our witness is lowering HBD APR to 6% in an attempt to bring this back to ~1% inflation per year.
Excessive DHF outflows, currently ~2.3M HBD/year → 4.4% inflation per year, which is 3× above sustainable levels (Maximum sustainable level is assumed to be 1.5% Market Cap) at current Hive prices.
To fix this:
- Witnesses should temporarily reduce HBD APR to ~6%.
- Stakeholders should adopt strict DHF proposal criteria to curb overspending and DHF outflows into general circulation.
- Existing projects should shift into maintenance mode and reduce budgets as soon as possible.
- Proposals should be small, short-term (≤ 3 months), measurable, and show their inflation impact.
- Value Plan should immediately reduce spending drastically (250K → 39K per quarter) and adopt a transparent S.O.P. All spends should have blogs published before spend event, Spends above 5K are voted on by 3 elected reviewers in the comments of the blog, spends above 20K should be outside the perview of Value Plan and should go into the DHF to be voted on by the community
Our team outlines below a new, much stricter DHF voting policy. Teams issuing proposals that fall outside of these criteria shall not be considered by our team for voting. Intention is to cut outflows from the DHF into the general circulation by:
- Time Limits - 3 months max,
- Expectation of regular, quarterly reporting,
- Includes KPI and reporting metrics presented as part of the proposal,
- Annual inflation impact calculation so that the project demonstrates it understands the impact of inflation on its proposal,
- How value is returned to the DHF
If we don't self-regulate now, Hive risks developing a reputation for unchecked money printing.
If we do act, we can restore economic credibility and protect Hive's long-term value, but we must act now - if the money printing continues, this risks a split in the community.
Chart 1 - 60 Million HIVE Created from conversions (mostly from the DHF) credit: @dalz
The Technology Was Supposed to Protect Us From Inflationary Money Printing - What Happened?
Blockchain technology was created to take money-printing out of human hands and secure sound economies through programmatic consensus.
Unfortunately, Hive as a community has failed to uphold this principle. We have managed to introduce large amounts of non-programmatic, unpredictable money creation — far beyond what the chain itself issues.
The two problem areas are:
- HBD APR, manually set by witnesses.
- DHF proposal outflows, manually set by users requesting funding and by voters approving them.
Because these are not programmatic systems, humans have done what humans tend to do: vote for extraordinary amounts of new money printing.
These concerns were shared in the HiveFest Round Table. Minutes are available here:
See below, thanks to @dalz reporting, we can see that programmatic inflation is far lower than the actual inflation, which the DHF and the HBD APR are now issuing:
Below are our proposed actions following that meeting.
Lowering HBD APR
The current HBD APR is 15%.
But 15% of what?
There are ~11 million HBD in circulation.
15% of that = 1.65 million HBD per year printed out of thin air from the HBD APR and added to the Hive supply.
With Hive's current Market Cap at 52M USD, this represents:
3.2% annual inflation; value transferred from all Hive Power Holders's accounts (who are staked for 13 weeks and have lost 97% of their value since the top 5 years ago) to passive HBD holders whi are staked for 3.4 days and have held their value for the last 5 years.
We do not support taxing the entire community at this level.
A responsible economy should devote no more than 1% of annual inflation to passive HBD yield.
Therefore, for this period of low HIVE prices, our witness will set HBD APR to 6%, in an aim to encourage others to help reduce HBD-APR-driven inflation to ~1% of market cap instead of over 3%.
The 6% APR is derrived from this: 6% of 11 Million HBD = 660,000 HBD. As a % of supply this is 660,000 x 100 / 52 Million USD Hive Market Cap = 1.2% of Market cap per year
This protects Hive from excessive money printing.
Hive's Debit via HBD dominance is looking incredibly bullish (which is an incredibly bad thing):
Credit @dalz - https://hbdstats.com/
Urgent Call to Action for Other Witnesses
We urgently ask fellow witnesses who also care about limiting money printing to temporarily reduce their HBD APR in line with a 1% annual inflation target, which corresponds to roughly 6% HBD APR at current conditions.
DHF Outflows Are Significantly Driving Inflation
The DHF is another major source of new, non-programmatic inflation.
Money inside the DHF is not yet issued into the economy, is not included in the market cap calculation of Hive and thus can be considered "dead" or locked. It is not priced into the price of Hive and once issued into circulation, it becomes a new source of liquid HBD supply. It is the equivalent of uncapped, money printing, like the bankers do to the US dollar, that is added, almost at random to the Hive supply. This has a double negative affect on the price. It is 1) normally converted into liquid Hive which increases the circulating supply and 2) is normally then sold into the market both of these depress price, and harm Hive's market cap rankings, especially if funded projects don't generate equal or greater economic value, which was always of course NOT the intention - the intention was to create more value than the HBD issued via the DHF. This unfortunately does not seem to have worked and it is our view that a period of austerity is now needed for Hive in order that it does not print itself to zero.
We saved oursleves from Justin Sun controlling the Ninja Mine on Steem, but instead have unfortunately become its victim anyway by unintentional, excessive issuance of this money into the economy via our DHF votes.
Since there is no built-in cap on DHF outflows, the only practical solutions in our understanding are as follows:
1) Stricter DHF voting criteria enforced by voters to obtain better reporting and lower budget requirements from projects.
2) Lower APR on HBD.
3) Stricter regulation of Value Plan and a lowered VP budget.
Without these, we, as a community, every single one of us, risk becoming known for exactly what we criticize in the traditional finance system: unchecked money printers.
This would badly damage Hive's credibility among communities that value sound economic policy (Austrian economists, Bitcoin maximalists, etc.) and it would be impossible to regain it.
DHF Outflows: The Actual Numbers
All numbers below are on top of programmatic inflation.
We are currently spending 15,558 HBD/day from the DHF.
If we assume the stabilizer is self-sufficient (subtract 12,000/day):
- 3,558 HBD/day = 35K HIVE/day being issued into the economy.
Add the Value Plan's annual 1M HBD:
- Total annual DHF outflow = 2.3 million HBD
- Equivalent to 22.3 million new HIVE printed, on top of programmatic inflation.
Compared to the 52M USD market cap:
2.3M / 52M = 4.4% inflation added every year from DHF spending alone.
DHF inflows are only ~0.9% of market cap.
We are spending almost 5× more than the DHF receives from programmed inflation.
This is not sustainable at low HIVE prices.
At current prices, a healthy ecosystem would spend ~1.5% MAX of market cap annually:
1.5% x 52M = 780,000 HBD/year sustainable spending
We are spending 2.3M — 3× above sustainable levels.
Spending must come down by ~3× to return to credibility.
Inflation impact on current DHF-funded projects
Top Active Proposals Producing Highest Inflation via Non-Programmatic Monet Printing via DHF Outflows
| # | Creator | Receiver | Daily HBD | % of Total | Duration (days) | Additional Money Printed Yearly (Inflation %) | Title |
|---|---|---|---|---|---|---|---|
| 1 | @vsc.network | @vsc.network | 1,151 | 32.3% | 365 | 0.812% | VSC proposal 2025: Smart contracts, cross-chain, and beyond |
| 2 | @peakd | @peak.open | 635 | 17.8% | 366 | 0.449% | Development of several new open source projects by the Peak Open team |
| 3 | @keychain | @keychain | 600 | 16.9% | 365 | 0.423% | Hive Keychain Development Proposal 2025 |
| 4 | @ecency | @ecency | 396 | 11.1% | 457 | 0.350% | Ecency development and maintenance #5 |
| 5 | @howo | @howo | 350 | 9.8% | 366 | 0.248% | Core development proposal year 6 |
| 6 | @worldmappin | @worldmappin | 195 | 5.5% | 730 | 0.275% | Worldmapping 2.0 - Travel Guide, Hive Map Service, Quality Curation & Mobile App |
| 7 | @themarkymark | @hiveanalytics | 100 | 2.8% | 60 | 0.012% | Hive Analytics |
| 8 | @hivewatchers | @hivewatchers | 95 | 2.7% | 911 | 0.167% | The Hivewatchers & Spaminator Operational Proposal for the Period 2024-2026 |
| 9 | @mahdiyari | @mahdiyari | 36 | 1.0% | 365 | 0.025% | Public HAF database & HafSQL maintenance |
Time to Reduce DHF Budgets & Enter "Maintenance Mode"
Below are our new DHF voting criteria. Many existing funded projects exceed these criteria, and we will adjust our votes accordingly in about two weeks from now, so we can digest the community reaction to this blog and allow time for existing projects to adjust.
We implore funded teams to lower their budgets, enter maintenance mode, and reduce inflationary pressure until Hive prices recover.
We have enough features on our eco-system apps now to go to market, we request that as a community we focus our limited remaining funds on marketing these apps for the time being instead of building new features into them.
Furthermore, in future proposals we would like to suggest that two funding amounts are entered: 1) normal scope completion and 2) budget required only for maintenance mode, in case of sudden price drops prior to completion of the funding period.
Suggest Funded Project Burn Remaining Funding
Another way for existing projects to support the reduction of outflows from the DHF into the general circulation is would be for them to partially burn funding coming from the DHF apart from that needed for maintenance. This would reduce inflation massively, preventing new Hive being added to the supply, and preventing that supply being sold onto the market and putting further pressure on the price.
Our New DHF Voting Criteria
Projects that do not meet these criteria will not receive our vote.
We also encourage other large stakeholders to issue similar criteria.
1) What We Will Consider for Voting (to reduce inflation)
We will prioritize:
- Small, low-value proposals
- Short sprint cycles
- Clear scopes of work
- Explicit success metrics
- Ideally: a plan for returning value (HBD) to the DHF
2) Proposal Time Limits
We will not consider any proposal longer than 3 months.
3) Quarterly Reporting (Mandatory)
Projects must publish a public report at the end of each funding period.
A proposal cannot be considered for renewal unless a report is published.
Reports must include:
- Goals of the previous funding period
- Methods of measurement
- Results / KPIs
- What Hive gained from the work
- Any funds returned to the DHF
- Clear goals for the next round
If a report is not published within 10 days of term end, no extension will be considered.
4) Examples of Deliverables & KPIs We Want to See
__NOTE: These are only examples, but are the types of measurable KPIs we should be looking to make sure projects report against:
- +10% QoQ active users (unique sign-ins)
- 5 new dApp integrations; 2 production launches
- 2,000 net new wallets; 500 retained after 30 days
- Marketing ROI ≥ 1.2x; CAC ≤ $8
- Monthly public updates on Hive blogging platforms
- 1 public audit log or ledger export
- 15% of project revenue returned to DHF
- 2 new business partners onboarded to Hive
- Clear sprint milestones
5) Annual Inflation Impact Must Be Calculated by Each Proposal
Every proposal must show:
Inflationary effect (%) = (100 × Total Amount Requested $) / Current Market Cap $
Given that sustainable DHF outflows should remain between 0.5% and 1.5% of market cap:
52,000,000 × 0.015 = 780,000 HBD/year
We will not consider proposals exceeding:
20% of 780,000 per quarter = 39,000 HBD/quarter
⇢ ≈ 430 HBD/day
Additionally, if a proposal stays below these limits but pushes global DHF outflows above the annual 1.5% target, we will not vote for it.
6) Return of Value to the DHF
Projects should commit to contributing a portion of their revenue or profits back to the DHF.
A 10% return is a reasonable starting point.
Projects unwilling to return value will not be considered.
7) Review of Criteria
We will update these criteria as Hive's economic conditions change.
7) Minimum Viable Product / Proof of Concept in Operation
We will only consider projects that already have a minimum viable product or Proof of Concept already running. This proves that the project has already put skin in the game and the path to success is of much lower risk for the community. If an MVP or POC is not possible, then we expect to see strong evidence of the project team having sufficient experience to execute the scope of their proposed project
A New Proposed Value Plan S.O.P. to Reduce Spending
Value Plan currently accounts for:
1,000,000 / 52,000,000 = 1.9% inflation per year
One person directing 1.9% of annual inflation is not acceptable at current price levels.
This must change.
We propose a new S.O.P. using no new code and no multisig requirements:
Public Transparency Requirement
All expenditures must be announced via a blog from @valueplan at least 3 days before spending, including:
- What is being funded
- Why does it benefit Hive
- How results will be measured
This gives the community time to comment and express approval or objections.
Spending Categories
1) Spends < 5,000 HBD
Allowed for travel, accommodation, food, small events, and miscellaneous expenses.
2) Spends 5,000–20,000 HBD
Require approval from 3 elected reviewers.
Process:
- @valueplan publishes pre-spend blog
- Each reviewer comments with approval
- All 3 must approve for funds to be released
- Reviewers are elected via community voting
- Terms last 6–12 months
If only 2 of 3 approve, the spend is rejected.
3) Spends > 20,000 HBD
Must be moved out of Value Plan and into the DHF as normal proposals.
This includes large existing projects such as:
- Rally car
- SWC
- Ghana water wells
- Venezuela pipeline
All can be migrated today, with zero code changes.
Value Plan Budget Adjustment
If marketing should account for ~20% of spending, then:
780,000 annual sustainable outflow × 20% / 4 quarters
= 39,000 HBD per quarter
This means Value Plan should reduce its quarterly budget from 250,000 HBD to 39,000 HBD.
WIP - Working on a DHF Proposal Platform
We are working with @roelandp to build a site where stakeholders can easily issue voting criteria templates that reflect the criteria against which they will and will not consider projects for voting in the DHF
This site will also become a place where DHF projects can more easily write standardised propsals so as to help them see their affect on inflation and help them issue more professional proposals with proper consideration for the economy, reporting and progress measurement requirements amongst other things.
The most important thing here is that the site will alert the proposer if they are asking for a quantity of money that will hurt the Hive price via such inflation as we have seen over the past few years due to DHF outflows.
Conclusion
Note we are not pointing blame and not saying any of this is intentional. It is the Madness of the Crowd phenomenon. But now that it has been highlighted, we hope to see some action from at least some of the top whales on Hive to correct the current inflation and money printing problems on Hive.
We deeply believe in the Hive community, and believe we can come out of this much more anti-fragile; this should be seen as an opportunity to become better and fix our weaknesses.
If we follow the steps outlined above, Hive can:
- Reduce inflation drastically
- Bring spending and excessive money printing under control
- Regain credibility as a sound, responsibly managed blockchain economy
- Demonstrate that decentralized communities can self-regulate
If we fail to act, however, Hive will likely earn a reputation for reckless money printing — one that could have been prevented and that will be very hard, if not impossible, to repair.
Hive has survived many challenges. This may be our toughest yet…
But we can get through it if we act together, and we can come out much leaner, meaner, and adept at making economic adjustments under pressure.
Stakeholders can certainly reassess how they vote on proposals, and you are free to advocate for this, but if you want to directly affect the DHF payouts, the way to do that is for stakeholders to vote for the return proposal and stop voting for some or all other proposals.
I'm largely in favor of this, but we also have to accept that if it doesn't happen, we've been outvoted. Stakeholders have differing views on the value that proposals bring to the long term viability and success of Hive, and how to weigh this against a particular short term mechanical calculation of inflation level. I'd also say that for a platform that has only limited present success, longer term initiatives are pretty important to extremely important. But that doesn't mean wasting money has value. So it's all a balance.
Yes, totally agree, however, should those long term initiatives not pan out (which is also possible), then if we are all aligned on that, there is no one left here with credibility when it comes to monetary policy. Im not saying i know everything, but i know enough to know that if those long term initiatives dont work out and we keep printing money, it is highly likely that we are going to zero, or to a place where our reputation sustains such damage that it cant be repaired. So this is in some ways a hedge against that, for members of the community to act to demonstrate that there were people who stood on the other side of the "$££ money printing at all costs" of the argument, such that if it does all go to pot, then some people can express them selves here and maybe stand a chance at another shot at this DPOS community, Network State stuff in the future. As if we carry on printing money like we are and it does go to pot, there is no one here who will have a second chance after that, it will be over, making Justin Sun laugh, which i cant tolerate the thought of.
Well, printing is only way to go to zero, but not developing into something more compelling and self-sustaining is another way.
Yes, agreed, another way to look at this is that we have what we need developed already, if we start using smart, cheap, measurable marketing initiatives, we can start onboarding users with what little money we have available at the moment. This could cause growth and allow us to earn back the right to spend again, as long as it’s proportional to the market cap.
Imo hive dapps are good enough. Far advanced to almost anything on the market, they just need good marketing.
Obvs if there is something that is critical and can’t wait on the core side, then maybe that needs funding. But as it stands, the hive chain is pretty great in terms of what it has built and can go to market as it is if needs be, minus maybe a few more relatively easy to build features on the dapp and tools side at least
I think it's a great initiative and call to action for everyone in the community. It's important to keep those excessive expenses under control. I hope that many whales and witnesses jump on board.
I would like HIVE to earn a higher percentage than HBD and of course, for HIVE to reach $1 soon.
This is great! Shared with all the witnesses I know. Hopefully things can change. Hive is for everyone at the end of the day. We can always try and try till it works. Good thing is the building hasn’t stopped yet.
Idea 1:
Create a staggered APR and work better on external offerings, better apps, and community-backed marketing by working with experts.
Month 1-2: 15% → 12% (savings: ~330K HBD/year)
Month 3-4: 12% → 9% (savings: ~330K HBD/year)
If the market recovers by 50%, it can be set at 12%, observing the 24-hour buying and selling capacity on exchanges.
Currently, we have very few products that innovate on a large scale.
Idea 2:
Implement improvements in the DHF or create a grant-based competition to seek a balance.
Very interesting way to look at it, whether or not the community decides to do this is another question however.
As I said today in Hive Thrive's show, and post-show. We are not too late, but we've reached the edge of the cliff, and we've done so with our own actions. This is not extreme in any way, it's needed.
If there's anyone taking this personally, then they are simply being immune to evidence and there's almost no point in having a conversation on the matter.
I keep on making the analogy that when a home has budget issues, its only natural to make adjustments. You cook at home (no going out), you shop smart. It's simple economics.
If there is someone also who is thinking: I'm done building on hive - That just means that person is not thinking straight. To put it simply. The cow is sick, its too skinny, if you keep on milking it, its going to die. We have to get our house in order, and when we do, because we will, we can enjoy the fruits of those results. But, right now, its simply not the time. It can't be.
You do have a knack for summarizing posts in plain English :)) Agreed @meno
Totally agree.
We have lot of expensive projects going on. Don't know if it's realistic values asked (maybe just very expensive people involved) and I always have the feeling that is not very transparent the spendings and reports.
PS: If the APR drops to 6%, I’d rather move my savings to Base DeFi.
I just prefer seeing the DHF used wisely.
We went low, It might end up at 9% gradually, over time. Or maybe stay at 15%, in which case we are almost certainly going to hair cut price for Hive since HP holders take all the risk (down 97% from the high) and they get less APR than HBD holders, so the ppl doing the work (voting with HP) get paid less and take on more risk. it makes no sense, and now the APR is also inflating the chain at what was it? like 3.2% PA. something has to change, or dilution is coming.
However, this APR has nothing to do with the DHF, other than it is another source of non programmatic inflation being added to the supply of Hive. But IMO Hive is no longer in a position to fund such a high APR. When Hive was 1USD it could do it easily, but now its just burning money to market 15% to ppl and there hasnt really been an explosion in HBD holdings since the APR was at 20% years ago. so now this should help us see exactly how much this marketing effort costs us all. At the current prices, its around 3.2% of value take from all HP holders wallets and sent to HBD holders. its starting to get pretty expensive
I know that you are good with financial numbers more than I. But make totally sense to me.
It's time for a change.
Stop the crazy spending on projects or events that haven't shown results or transparency.
Also, the APR on Hive Power should be higher than the APR on HBD.
Maybe this is our last chance to do something for Hive.
I want to see what the reaction of the community is. Hopefully, we can come together to save the chain once again, despite our differences.
You have a point. Hive power should be more valued.
development is worth spending on
events are not
Mine is likely ending in 10 days, so it will be a moot point.
Iirc, it mostly falls inside our particular criteria.
it was only the initial test proposal. Doing a new proposal every three months isn't practical and even one exhausts voters.
Sure, I understand ur point, the issue is that many projects don’t report, so the hive community has little to market in terms of new features. Need to encourage regular reporting to show how much cool shit is being built. This will hopefully bolster the price. It’s a tough one. Damn it
I’d love to see this cool shit you speak of.
Well if there was more reporting, I’m sure we’d see it, the reporting in and of itself kind of forces the issue
I would say we are well past having a reputation as a dead token but we aren’t actually dead yet and have a lot more life that any other token that gets this far into the danger zone.
I was really impressed with @meno’s proposal for Hivesnaps. It seems to be one of the very few that considered first what hive could sustain and not just what the project felt they deserved. It was short and reasonable and the results were fast and impressive.
This is how all proposals should be. As much as I think peakd and ecency deserve to be rewarded for their work and both are somewhat essential for hive, they’ve been receiving funds for years without creating a sustainable business model and they should be focused on that which would bring money into the ecosystem. I don’t think inflation should be supporting these projects forever, and I say that while recognizing their importance.
VSC is out of control. It seems like a nice idea and maybe they can pull it off but the ask is so far beyond what hive can sustain.
The only projects (and there could be others I don’t understand) that I think deserves full sustained support (welfare checks essentially) is keychain because without it we are back to the Stone Age , and I think they should be seeking self sustainability as well.
The ONLY reason I’m still invested in hive is that I know there are a bunch of people who will fight tooth and nail to fix it when it’s broken and people will @meno and others who keep building on it knowing they may not be rewarded. I believe the energy still being put in outweighs the energy being sucked out but posts like this are essential for keeping that true in the future!!
Thank you, as a well know hive project I think your voice will reach further than any individual user account.
15% APR is only paid on HBD in savings which presumably isn't all (though I have no idea what the percentage is).
I seem to recall a while ago that there was some discussion about introducing a certificate of deposit style mechanism to HBD whereby you would get a higher interest rate if you locked it up longer. I guess nothing ever came of that. Personally, I see no reason to hold HBD if it drops below 10% but I'm willing to lock it up longer to get higher rates.
I'm not sure what the solution for the DHF is. Maybe there should be a maximum distribution rate and once that rate is surpassed, nothing else is funded.
Yes, would be nice to see a programmatic cap on DHF outflows. but this will reqire coding. so we are trying to do this the manual way, via social consensus. We will see what happens and whether or not the community has enough impetus to reduce the outflows and the money printing itself or if it wants to continue on this path and hope for one of the Dapps to go viral. IMO, we will end up somewhere between the two extremes, which may well, just about be good enough to get us out of this downward spiral
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STOPI have read the whole thing and I completely agree with you.I also want hive to be in a stronger position in the future.I know about its past.At one time all the steem users came out of there and within a short time hive got love from everyone.Within a short time hive was in a strong position and within a short time it gained popularity.From the past predictions I have come to know how strong it was, although I am a little over a year old here.At the end of the day I love hive and we want it to improve more in the near future and maintain its strong position.For that I welcome all your initiatives.
The somehow funny aspect of some DHF 'projects' that suck Hive is that they fail to bring the sort of value that justifies their bill - new active users, investors or projects that Hive badly needs. At the end, they end up taking value away from Hive. It's even funnier that the real marketing projects bringing value are left to run without funding. Both of these situations keep sending the value and existence of hive down the drain
I completely agree with you
Although I never thought that a higher APR% for HBD would affect Hive inflation. I was actually happy hoping it would return to 20% but considering these reasons I now agree with you that it should be kept at 6%.
I thought that 15% meant to bring investors, clearly it didn't work out - best idea atm would be gradually lower it down. Additionally it would make sense to keep important & necessary infrastructure and let it re-build by itself (or rather us) , we got enough people which are more than " if you don't pay me I go to another chain " - and luckily / hopefully we are growing, we are more bullet proof against those that trying to squeeze out of chain.
I'm all for more professional communication, regular reporting, reevaluation
Investors were never going to come with a 5% fee to enter HBD in bulk. The whole idea only worked if we found a way to wave the fee for legitimate, large stable coin investors. I dont think we even attended the large stable coin conference in Mexico this summer.
wow it took this long to take action. this should've been done months ago. why wait until the damage is done to do something. All this was known (the data and math could've been done any time and the damage could've been minimized way earlier but nobody made noise because as decentralized as people/hive claim to be; it's not. there's big top whale holders making decisions and some of these decisions aren't really in the best interest of hive.
future proposals need to be way better, way more strict and all spending should have accounts publicly shared with receipts to see how the money is being spent so we can take accountability more
Doesn’t necessarily need receipts, as there are lots of personal details on them, but regular spending reports is good to see if spending is ahead or behind, what was spent and why and wether the spending is affective, that’s good enough to show productive spending is being done and as long as the spends are reasonable, it’s good (IMHO)
keep 15% apr for now
It may be that that is what the community decides to do, but you can, for now say; "Keep HBD APR at 15% where each user is being asked to pay 3.2% of their account per year to keep this going. as the price goes lower, this % will now increase rapidly (if the price goes lower that is of course).
i guess it all started with the 20% apr as a way to increase hbd adoption (which didn't happen). but 15~20% is a great deal. my guess is not being on US exchanges (mainly coinbase?) is a big reason why even a great deal didn't get much attention. what do you think?
Absolutely ridiculous proposition. No!
Please explain
well whatever the number is i truly hope magi launch hits big
Nice to see such a prolific creator on youtube posting to Hive! Annyong Ha Seyo!