The reason for the liquidity pool is simple. The main team behind Leofinance put an original 50k in liquidity, hyped the project up, and encouraged everyone to contribute.
On hive, @theycallmedan helped finance the project, and the witnesses didn't really mention it or contribute.
Again, that is very true. There were also LEO whales who put in a lot also. This is something that was regularly talked about.
How many of the larger accounts put in 50K HIVE, or even 25K?
Posted Using LeoFinance Beta
For wHive I have been waiting for the decentralized version from FBslo. Once the decentralized version has been put out and independently audited I would be putting around 250k USD in to start things up.
This is the kind of signal we have to give as the Hive community.
Why would people invest in Hive now, when too many of the core people ride the gravy train with their witness earnings and DAO funding?
Leofinance shows what can happen when the powers that be embrace their token, like you embrace it.
I'd like to see Whive get realised, the top 20 witnesses expand to atleast top 100, regular witness vote updates, marketing proposals in the DAO and interaction embraced in a Leo lie fashion.
Posted Using LeoFinance Beta
Yep I like a lot of this too @theycallmedan and @luca-legend. Specifically, I like the part about expanding the top witness number to something much larger, as well as a lot more checks and balances on the DAO funding. In my opinion it has taken a lot more value out than it has brought in. Likely needs some sort of overhaul.
The expansion of consensus witnesses is an interesting idea.
One challenge with going to 100 is that it takes a supermajority for anything to go through. Unfortunately politics can get involved meaning that we could have stalemates based upon so many people involved.
But more than 20 seems to make more sense especially since each person has 30 votes. That would spread things out to a greater degree.
I also think the number of Witness votes each person gets needs to be reduced. There should be less votes per individual than there are consensus witnesses. Thus, if we are going to, say, 30 witnesses, move the number of votes down to 20.
Posted Using LeoFinance Beta
That makes a lot of sense. Hopefully others follow.
A start like that will make $1 million in the pool a realistic option. A few more whales could push it near there with the rest of the community filling in.
I can understand the need for decentralization before committing the big bucks.
Posted Using LeoFinance Beta