There is (was?) a hardfork scheduled for the 22nd of September, which is 5 days away, but I am not sure it is going ahead yet - which I find kind of weird. The fork is mostly a clean up of code and performance tweaks - but there is some contention around the Hive Development Fund.
I am still of the mind that the ninja mined stake of Steemit Inc would have been better off burned, as it would have sent a strong message as well as lowered the inflation over the last four years significantly, without affecting any current Hive user group. One can only hope that whatever happens with it, it is used to improve the chain and strengthen the community - but I think it will always cause rifts. Which is why (like the one ring) it should have been burned.
While always interested in Hardforks, this one is a little less interesting for me as it doesn't have as many community level tweaks involved that affect user behavior. I think this is why so few people are posting about it, unlike for example the Hardfork that brought in the Economic Improvement Plan or the one for Resource Credits.
When people feel their individual "way of life" is going to be personally affected, they are more eager to speak up, especially if they think it is going to be negative. When it is something boring like under the hood changes, there is less interest, less discussion - Less emotion.
For example when @blocktrades floated an idea for changing curation mechanics, there was a flood of comments and emotional posts on the topic, and he was just floating an idea for discussion. Personally, I think curation is one of the pros of the platform, but do think there needs to be tweaks to improve how it is used - but that is for another day - or month - perhaps year.
Right now, I like the development to happen that focuses on scalability and sustainability, just in case we do happen to get a rush of new users onto the platform. It is far less disruptive to trial things now when there are not many active users than when there are many relying on the chain to perform. The more users, the more impact errors make and if there are many applications leveraging the chain with sttobg user bases, there is more risk with greater losses involved.
I am hoping that the next hardfork will more heavily look at community aspects that affect user experience, but I do hope that the economics will keep getting tweaked and people will be brave enough to try things. The goal has to be to create value for the many, not just for large stakeholders - but it also has to think about what that value means.
User experience is very important but with the continuous move toward second layer solutions for end users, the base layer user is an investor. I think this is part of why many people get emotional over the changes, as there are still many who believe that the base layer is to earn on as a creator and that should be the focus. While that is the case now for distribution purposes, it can't drive design of the chain forever.
Imagine if a company let shareholders drive the design of their end product, would it be made for the end user experience or for profit? But, the question of what Hive is could come into play here. Is it an enduser product or, is it the factory that makes end user products? This is an important distinction because if a factory that supports the second layer applications, the consideration of the sharehold on the base layer has to be taken into account, as without stability, the application products won't be built and there will be no valuable and scalable end user experience, nor investment opportunity.
I think Hive is unique as it has been able to successfully onboard normal people as users and convert many into investors along the way. But eventually, the distinction of whether the base layer is the investment vehicle or the end user product will have to be made in order to clean up the understanding and build a strong marketing message. Companies advertise their products to end users, not their investment opportunities. The products of Hive are second layer experiences, not the Hive blockchain itself - the blockchain is interesting to developers and investors who see the potential of owning a piece of the infrastructure.
Anyway, these are just some thoughts that were knocking around in my head while singing my daughter to sleep and I consider worth sharing. Still don't know if there is a fork in 4 days, but there will be one eventually, so be ready.
Taraz
[ Gen1: Hive ]
Or it could be airdropped to active accounts in inverse relationship to HP, i.e., on a relative basis, minnows would get more than whales while those in the middle get a 1:1, or something like that. The point is that an airdrop could be fairly done and the little guy could be treated the best for once.
The problem with the little guy thing is, a lot of those people had the potential to be much larger than they are and then there will be the problem with a massive amount of abusive alts getting airdropped. Their might be a way around some of it, but I think that it would amount to a massive dump or a ramping up of abuse activities at the low end.
By the way - is this @sepracore or just the same profile pic?
Just the same profile pic. :) which is quite the coincidence. I think I have had my pic since ~late 2017 but it might be time for an upgrade.
Yeah, I don't remember you self voting comments before :D
Haha. I was just thinking the same thing. I was going to make a joke about it and then just let it go. That’s funny.
I had never heard @sepracore before he pointed that out to me a couple of weeks ago. Not to worry though, he's still the Dude. I'm just a long haired guy with funny glasses. 😂
Sometimes an upvote is used to gain visibility. If you've invested your money and time, and it's something you believe in, it's not all that bad, don't you think? I certainly wouldn't have a problem with you doing it ... as long as it is well reasoned and OT anyway. 😉
BURN THAT SHIT!
Missed opportunity.
I'm in agreement with this as well. The decision not to burn the ninja mine was shortsighted and a lost opportunity to rise above the squabbling. A clean slate would have been preferable and, in the longterm, wiser.
Yeah, opportunity missed to not only start again, but make the intention to truly start again very clear.
I wish they would burn the ninja mine too. It's a golden publicity opportunity. The chain that burned the ninja mine. No one could mention it in detriment to the platform ever again. Instead it will linger, everytime there is contention over the dhf someone will be saying something about it being misused.
At the very least, it could bleed into null over time :)
I would have liked that approach since the ninjamined stake counts toward our market cap. A straight burn would have dropped us in the rankings.
I am actually more in favor of moving it to an account with no keys. Essentially a @null account but one where the hive just sits there, can’t be transferred out, and is good for nothing except for artificially counting toward our circulation and therefore market cap.
I think that as long as it exists, it would be a problem. The drop in marketcap would hopefully be temporary once the price increased based on limited supply.
Ah, that would be lovely :0)
True that there is little publicity about the hard fork, not sure where I had read up on. Haha, the majority users are just “normal folks” like me. So it is very less of concern when the Hardfork had nothing directly affecting the folks. Yet, in another perspective, having to understand the blockchain infrastructure and to be more invested in it, every hard fork does count as one milestone.
It is good to stay abreast of what is going on, even at a general level. But, many don't and I guess it is a personal decision as to whether they follow the accounts that announce or not :)
Oh. I didn't even realise there was a hardfork in the next week... but I will share that I laughed out loud when you slipped 'the one ring' in there.
Completely agree about the product versus the investment opportunity, and I think we kind of need to figure out... are we a platform for creators or for consumers. Obviously they go hand in hand, but which group are we trying to appeal to?
You didn't know either? The announcements haven't got far it seems :D
I am not sure how fast it will move, but if we are looking to create a valuable second layer ecosystem, we have to be prepared to narrow the focus of the first in some way - they can't compete against each other forever.
I have not seen any delayed Fork reports, so it looks like it is still on schedule for the 22nd. So far still a clean up and foundational support hard fork. Solidifying the Hive mane, removal of all other names, hivemind and hived tweaks.
I hope people will take time to allow for the current reward pool/vote system to remain as is for at least one more Hard Fork. HF24 sets the foundation, hopefully HF25 will set a solid practical witness system in place to where we do not go down the road of judge for a lifetime.
There has been no real stability in the reward pool system for a long time. Steem was always changing the system, so far I think Hive has set a record in that the reward/vote system has not been changed in a six month period. This should help with the investment aspect, the investor can see that they reward/vote system is a little more stable and that any changes are very thoughtfully thought out. Can we make it one year with the current reward pool/vote system, I don't know I hope we can.
https://hive.blog/hive-139531/@drakos/re-tarazkp-qgv7fm
Seems it has been pushed another week back.
A little stability is good, but I also wouldn't mind testing and failing earlier, rather than later. There are complexities though as people don't want change, but don't want to stay where they are.
Thanks, I haven't seen @howo post yet,or any others, so it is good to see. Mondays meeting should be a good listen then, I like listening in on the Hive core developper meeting #9 post when he pops them up. last Monday the thought was they were pretty ready, so Mondays show will be a good listen if it is held.
1: 100% burn, at the time of the fork. It was heavily implied originally, then as we all rallied behind the idea; burning that bloody ninjamine suddenly fell off the agenda. Burning it now would be great, but wouldn't make the same statement.
I've heard the 'let the community decide' argument, and I don't buy it. If you're forking, you choose how it looks, and you let people decide if they want to participate.
2: Enough fiddling. Launch SMTs as the next priority, and everyone can run simultaneous experiments in all sorts of governance, distribution and curation models.
It was in late testing when Justin arrived on Valentine's Day.
I agree - it would have been a huge statement and taken away all of the commandeering complaints. The HDF is still getting funded by the inflation, isn't it?
Supposedly. Seems the code was lost to the annals of time.
If top 20 witness rewards are insufficient to fund development, then the price is too low to support selling to fund development.
I think we're working with an approximate window of opportunity of around 18 months, and, yes, a more equitable curation rewards curve that incentives smaller vote counts which in turn incentives comments, would be a very big positive.
But coming back to the topic, imagine the positive advertising an airdrop of the ninjamine would get for both investors and end users, at the same time - since they really are one and the same on HIVE, don't you think?
I am not sure about the math, but perhaps the curve could be lessened to see where the sweet spot is. I think it might need a slight curve, but the current one is too high.
I would rather it burnt - or at least, a lot of it burnt and have some smaller percentage airdropped.
Yeah, we're not always going to agree on everything, but just think about the bang for your buck when you publicise a 5:1 airdrop to the little guy in order to further the overall decentralization effort and demonstrate the community's committment to it. (The biggest whales would get a 1:5 - just round figures for argument's sake.) And I'm not so sure there would be much abuse as a result - it seems to me that the minnows just don't have any weight to throw around to begin with.
There would be a massive amount of abuse. There are farming people who literally have 9000 accounts with 20 HP in them each. There are hundreds of thousands of alts out there. Minnows have a fair bit of weight, most don't use it or find ways to concentrate it. There is still the possibility to grow through posting and engaging, most won't put the effort in. Of course, it is probably more worth their time for many to buy-in rather than earn from content. At some point, there has to be a hurdle of some kind to earn, whether it be buying or effort to engage.
There has to be the incentive to build and there are quite a few who over the last few years have done just that. What I find is, give something for free, people devalue it further - but when someone works for it, they overvalue it as they have invested themselves.
Burning would directly increase token price for a while short term, but development fund IF used correctly could initiate many needed changes for the UI and help second layer solutions.
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Yes, if used correctly. The HDF should be bringing in new blood to develop too - but I haven't seen much of that yet. The UI is what it is and I am hopeful the applications will take the lead and move from the condenser. UX needs work.
Could not agree more. The time will show. I still think that developer fund has more potential than the burn and probability of short term price increase. The rest yet to be revealed.
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Once it had been postponed, now it has been postponed again? I haven't read anything about that second postponement. What could be the reasons for this? What I have observed is a decline in publications and the value they have obtained. They have dropped considerably. Although I understand that this may be normal due to the drop in the market, I think it is worrying if what we are looking for is to encourage new members. Greetings and have a good weekend, @tarazkp
You sing your daughter to sleep? That's so cute!