Summary:
The host discusses a list of proposed and ongoing upgrades to the Hive blockchain, which was presented by a developer on GitHub. While the host acknowledges that he cannot explain all the details, he highlights a few key points from the list:
The introduction of Hive Bonds, where the Decentralized Hive Fund (DHF) would issue bonds at a discount, allowing users to earn a return by holding them to maturity.
The potential revival of Smart Media Tokens (SMTs), which would allow communities to create their own tokens with similar properties to Hive, potentially for increased security and flexibility.
The host emphasizes that development on the Hive infrastructure, while not always visible, is an ongoing and complex process that requires thorough testing and coordination among various stakeholders. He cautions against being overly critical of the Hive development team, as they are working to address scaling, security, and performance issues in a thoughtful and methodical manner.
Detailed Article:
Taskmaster 4452 discusses a list of proposed upgrades to the Hive blockchain, which was presented by a developer on GitHub. While the host acknowledges that he cannot explain all the details, he highlights a few key points from the list.
One of the notable items on the list is the introduction of Hive Bonds. According to the host, the Decentralized Hive Fund (DHF) would be the issuer of these bonds, selling them at a discount to users. For example, a $1,000 bond could be sold for 800 HBD, and upon maturity, the user would receive the full $1,000 value. This would effectively provide a return on the investment, with the discount serving as the rate of return.
Additionally, the list mentions the potential revival of Smart Media Tokens (SMTs). The host explains that SMTs were previously discussed as a way to replicate the properties and characteristics of Hive on a token level, allowing communities to create their own tokens with features like proof-of-brain, inflation control, and content curation. The host suggests that the motivation behind revisiting SMTs may be related to security and flexibility, as these tokens would be integrated into the base layer of the Hive blockchain, rather than operating as a layer-two solution.
The host emphasizes that the development process for Hive's infrastructure is complex and requires careful planning, testing, and coordination among various stakeholders. He cautions against being overly critical of the Hive development team, as they are working to address scaling, security, and performance issues in a thoughtful and methodical manner.
The host explains that infrastructure development is a "thankless job" that requires a lot of testing, planning, and design, as any changes made can have far-reaching consequences across the entire ecosystem. He notes that the list he reviewed contained around 30 items, many of which were interdependent, highlighting the intricate nature of the development process.
Overall, the host aims to provide a balanced perspective, acknowledging the complexity of Hive's development while also highlighting the innovative ideas and upgrades being discussed by the developer community. He encourages the audience to avoid being overly critical and to recognize the ongoing efforts to improve the Hive blockchain's capabilities.