I also think it would be good to stop funding it until we figure out how we can improve. Otherwise we are leaving ourselves with far less options and far closer to oblivion.
You are viewing a single comment's thread from:
I also think it would be good to stop funding it until we figure out how we can improve. Otherwise we are leaving ourselves with far less options and far closer to oblivion.
The problem in a plutocracy is that the entire Demos can agree on solutions to draining of the economy that profits plutocrats, but convincing the plutocrats that profiting from the plight of the plebs is a problem is unlikely to relieve the exsanguination. We're all tiptoeing around the reality that Valueplan (VP) is voted over the Return Proposal by the architect of The Code(tm). Every account in this thread only exists on Hive at their pleasure. That's why we tiptoe.
However, that deference is without utility to preserve our accounts if the platform faints and collapses because it has been relieved of the burden of it's life's blood. I have read the posts of the whistleblowers credibly alleging fraud and confronted the VP principals demanding they show receipts to demonstrate no fraud occurred. Both GP and LB refused, and LB retorted with such outrage that a child caught with their hand in a cookie jar would be embarrassed.
As a result I have refused to vote any proposal that did not commit to using GAAP (generally accepted accounting procedures - double entry bookkeeping), voted the Return Proposal, and have called for the community to do the same. Marky has a great proposal on the table right now and I implored him to commit to the trivial accounting that would be necessary to allow me to vote for the proposal - which I strongly favor - but he simply stated what the funds would be used for and would not agree to provide the actual ledger. No one else even cared.
That is the only thing we can do as the Demos in a plutocracy to prevent VP from being funded, and that will only work if we all do it. I have been doing it since I learned fraud was alleged and the VP principals responsible to prevent fraud refused to provide receipts, because that's why GAAP exists, to reveal whether an economic entity is doing honest business or not. In this situation our stake is our only voice.
Sound principles underlie sound business, and the failure to stand on sound principles of accounting has become an existential threat to the Hive platform. No one that cares about this issue, and their stake, has to say so, call out the plutocrats, and risk being flagged into penury. All we have to do is withdraw and withhold votes for any proposals that do not commit - and deliver - GAAP and vote the Return Proposal.
Fortunately the chain has preserved the record of the interactions I refer to above, and any that doubt me can prove me wrong if it isn't exactly what I claim. I am certain that almost everyone has understanding of double entry bookkeeping necessary to understand why it's necessary. I bet the majority of us also understand why VP principals have refused to account for expenditures of $M's in DHF funds. None of us should then be surprised that VP has become an existential hemorrhage of Hive's life's blood, nor be unwilling to staunch that flow by voting the Return Proposal.
Except, of course, for them feasting on it.