Should we reduce the stabilizer funding? Maybe cut it all for the time being. The cons of this would be more volatile HBD price. Can’t really tell. Even if we cut all the funding for the stabilizer the users always have the option the convert HBD to HIVE themselves. Maybe reduce the stabilizer funding in half?
The ultimate backstop for this cycle is the haircut rule and HBD devaluation. If the market turns around in the meanwhile that will help a lot as well.
The stabilizer isn't the problem. Removing it doesn't really do anything but cause a rush out of HBD via the internal conversion mechanism and amplifying the downward pressure on HIVE.
Not to mention this would break some projects that rely on a stable HBD.
We are spending too much on proposals. Everything else cuts back automatically in a bear market. The proposal funding on the other hand is going on as if we were still in a bull market.
Agree, mostly.
But it's also possible that we could continue to spend as much on proposals and sooner or later we exit the bear market anyway.
But from a mechanical point of view in terms of tokenomics (anyone else remember that word?), your analysis and the one in the parent reply are correct.
Agree too.
For sure there is no one right answer. Having stable HBD is important. Having HIVE that has a decent price is even more important. I personaly dont want to mingle a lot and change things all the time. So we might left things as they are and see what happens and how it plays out.
One thing for sure is that if hivers were not selling and buying more in this period, that would be great :)
I wonder what would happen if we converted all these products we're able to create nonstop into, income, like the rest of the world does.
Hmmm
I saw a stadium one time. It was full of people and they all paid money just to sit in chair for a couple hours while enjoying what they were looking at.
Didn't even have to be on the field, yet they still wore the uniforms representing their team. Uniforms they also purchased. Most of them looked like they couldn't even run, yet they were having a great time watching people run.
It was awesome. We should try that. I think it would work better than telling the baseball players to pay for the seats and uniforms. And trying to eat all those hotdogs themselves might slow their performance on the field nobody came to look at. And I don't think they'd make much money if everything they earned went right back into purchasing everything they earned.
I think the only change required would be the team actually seeing value in their products. That shouldn't be hard.
Hahaha This one cracked me up 😁
Overall I feel like everyone is here for the $$. Ofcourse it's very normal, we want and need $$. But at least build useful tools for the outseide world of Hive.
Small example:
Build a freaking Forum...create a Wordpress plugin or any other CMS, promote the Forum at Hosting Providers, have it as an add-on on any hosting providers....
Just...don't be stuck only on Hive...freaking connect outside of Hive
Arts, entertainment, information. People pay for these things nowadays. Content is a product. Notice the lack of actual consumers around here? That's us leaving all those seats empty. Yet here they can buy that ticket, support the game, still have their money, and watch it slowly grow. It's genius.
And when you have more fans than baseball players, all those other shops in the stadium thrive as well.
Exactly, it is very normal to pay for tickets, food and drinks. There are so many empty seats it's crazy. Selling seats one by one will take for ever, best way to sell seats is having a good usefull Tool people can use and then market that.
Hive has so so much potential, but all these dapps and games are stuck here on Hive and rely only on Hive community.
If Splinterlands would have sold tickets only on Hive, there would be no Splinterlands now.
Sure. But each content creator attracting outside interest can be its own ballpark. Now you have a league. HP is support. HBD handles the merch. Global market. Enough fans at your ballpark and one can line up their own sponsorship deals.
Man. If only people actually wanted to play ball here. Could be a lot of fun...
It's definitely the alien monkeys conducting legal conversions of bananas into hive to fund their burgeoning anal probe business.
Well, you're the anal probe expert so, I should probably listen to your advice.
I'm coming from a place of respect though. I seriously want to see some cool shit happen here. Having trouble taking my eyes off it.
I'm coming from a lighter shade of grey where it's better i stick too keeping it light because to many knickers are getting ruffled.
The whole doom and gloom is not conducive of a healthy mental state.
I get carried away sometimes. Can go pretty heavy on the light. I agree though. Your doom and gloom comment alone was a little too serious for me. I hope I can recover.
I have faith in your ability to recover.