Another day, Another Dollar (Keychain Proposal)
When I logged in this AM I have been notified that there is another new Proposal for Hive DHF. I don't know, maybe it is Tax Season, and people need to pay bills. This particular Proposal is recent Keychain Proposal (no, I won't be providing a link), and it is asking us (the stakeholders) for $540/day, everyday, which amount to $197,100 for an year for the life of the proposal. I first want to make it clear that I use Hive Keychain almost daily. I love the tool. It is simple and effective and I have been using it for a long time. I also personally like stoodkev, the person behind the tool and the owner of the proposal. So I have no bitterness to the tool, person or the ask on the proposal. Yet...........
I will not be voting
Also, I will be requesting other stakeholders to consider not voting for it. Here are my reasons:
- We simply don't have the money
- There is no development needed for the Keychain tool, not now
- If keychain goes to maintenance mode, it can be done for nearly free, Stoodkev himself said this publicly
- While I do believe development is good for most flagship tools for the chain, if we don't have money we can't pay
- Due to low prices and high inflation, Hive blockchain stopped giving away HBD as post rewards some times back (this is an automatic process). That is the obvious indication that we are spending
If there is one plot you like to look at from Dalz's post I linked above, it should be the image above. It shows the projected hive inflation vs. the actual realized inflation. You can see, in 2024 and 2025 we were already majorly off the rail. We were outpacing our projected inflation by nearly 4 percentage points. 2026 is looking like it is going to be a disaster! Our real inflation this year could be nearly 20% vs. our expected inflation which was projected to be 6%.
I don't know about you, but looking at this plot, the only thing I can speculate that we as a chain is giving out way more money than we are bringing in. This is a certain path to bankruptcy.
So, at this point I suggest we cut all spending. All DHF hbd are spending. They are all sold for cash to run the grocery shopping for the devs and associates. I say, we were already on food stamps in 2025, and now in 2026 we have officially ran out of money.
Please consider not voting this or any other proposals asking for funds.
Right now it looks like people grabbing silverware off the Titanic while it sink
Please consider voting on Return Proposal
Voting on Return Proposal ensures other proposals are no funded. Here is the link:
https://peakd.com/me/proposals
Find Return Proposal #0 by scrolling and click on the button to the right that says "support".
Thank you for your citizenship duties.
Once again, I think it's very shortsighted to think that stopping development will fix all our problems. We're working on something that could both attract more users and generate revenue for us, hence reducing our impact on the DHF in the long run. We're already 90% there and starting internal testing. Is it the right moment to shut us down? Did you actually read the proposal?
That's not what I've said. I said we'll keep it running as long as possible because it's critical to Hive. I also mentioned we have incompressible costs.
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If we have no money, then we have no vision or sight :)
That's all that I am saying. Why is this so hard for you to understand?
So, in fact we are in agreement!
I have read the proposal 5 times. Where in this proposal we talk about hive treasury? In other words, that would be the inflation which gets the money in the treasury.
We mention that although we'll start with DHF only (with a substantial payroll reduction of 24% already), one of our major focuses will be to generate revenue through swaps once our multichain wallet is in production and use that revenue to reduce the load on the DHF. EVM chains have much more liquidity and swap / bridge / ramps providers so it would be much easier for us to generate revenue at that point, and we're getting close... Of course, that wouldn't be enough to self-sustain from the get-go, but we could slowly reduce our impact on inflation through a burn mechanism.
Anyway, I know there's no convincing you, just laying it all down in case it wasn't clear enough in the proposal post.
That explains how your project is planning for revenue and potential earnings in future. That has nothing to do with current situation of Hive treasury. Deflection is never a good strategy Stoodkev, with each argument you are loosing credibility with me.
100% agree on everything here.
The recent proposals seem not in line with the current reality.
The quote with regards to the silverware is spot on (ever since the 6 year backdated proposal).
Yeah, it is this comment from that proposal summarizes the current hive situation aptly. I think the comment was by @beggars
Funny thing is, our devs are rentless! It doesn't matter to them if the ship sinks or sails. As long as there are silverwares in the ship, it is fair game. I don't know, in the real Titanic, there were limited life rafts and freezing water outside. Here we seem to have enough speed boats and balmy 80C water of the Caribbean outside! :)
Thanks for the heads up, I just voted on the return proposal.
Every little bit helps. Never remove that vote for any reason.
Oh wow that is a lot worse than I had thought. I do enjoy a lot of the perks that developers bring with their ideas, but maybe it's time for maintenance.
As I'm just encountering in a business I'm helping out here: If the base isn't done properly, than no matter what you build on top will crumble. And it seems like there are some basic factors that are off.
The question would be how to fix them. I don't think that reducing everything to maintenance will fix it in the long term.
Many ways to do it. You are a professional baker you know this.
Cut the expenses; stop spending
Increase the revenue; make investors to buy hive
That's the theory. What I don't really understand yet is how to put it into practice. The second part I mean. We have to create incentives for people, and just and awesome community doesn't seem to be enough, given that it's dwindling as well. Most platforms I see are "just like YT/X/FB/IG..., but you can earn!" That's not much of an incentive to buy Hive, but more to get on the platform and create content and then sell when necessary.
As a baker, I'd look at the market and see how I can add value to it. When I started, there was bread around. I was the first to make whole grain sourdough. Then the first to make french style. Then the first to make rye. Then I dipped into gluten free, but hated it, so I pulled out when someone else started offering. We make protein bread.
In business, I always look for a niche or an edge that I can position myself into. So, the question to you (and others): What is the product that HIVE offers that nobody else has?
It is interesting to see that all people worried with Hive future are thinking in the same topics haha I just posted something like that yesterday. Don't need to go there but I will repeat something : I started to ignore new proposals, peakd give me the notification and I just skip, return proposal is the only that isn't blue as option to click to vote in my proposal list here.
I know that in the end it isn't my HP that will decide something there but that's it!
If everyone with small HP who interact with the chain regularly votes on Return, we will see the effect.
The return proposal for the win!
We better not see those fucks with the race car ask for another 250k HBD lol
If they ask, there is a good chance that they will get it.
When I see millions of HIVE entering the market via DHF, I have only one thought: how to fix the situation: short HIVE futures by the amount of my HP. It's very frustrating to see the weakness of HIVE in the market.
You should short it if you have funds and means to do it.
More people need to vote on the return proposal for sure. It's interesting how much pushback there can be fore some proposals and yet they seem to fly up to the top of the list.
Not more people, everyone need to vote on Return. Then it will make a difference. Then you selectively vote other proposal as you see fit, but vote on Return should always remain.
Yeah, I agree there. I am voting on the return with both of my accounts. I likely always will.
The spending is too much. And.... And why are developers not committed to fund their projects just for a little time? Hive currently needs external revenue. Hive doesn't need more financial outflow.
All we have is the outflow.
Already voted for the return proposal but my 37k is drop in the bucket. That inflation is looking pretty bad... 20% is definitely not sustainable...
I get it, you can't save your way to higher token price, but in this market not much will get Hive noticed and definitely not the utility tools that are already very good.
Well if we don't have the money we can't pay! It is as simple as that.