Thank you for your response and I will try to answer as many questions as possible and will likely end up doing a video response to answer various questions as well.
- Nothing changes with HIVE, STEEM, or Blurt on a protocol level. Someone could just stay on HIVE and access it the way they are currently and not even know this project existed.
- It doesn't change any core code or require any forks to occur.
- It seems like Justin Sun has sort of reduced his presence on some of his assets like Steemit INC. I have never reached out to them. Seems like things have gone a little more decentralized with some of the new proposals being posted there. The front end for proposals wasn't available for a long time.
- I didn't officially poste in the proposal system on Blurt yet. I just put up the post for awareness.
- If the proposal doesn't pass on either HIVE or STEEM it would only make sense to me to utilize the HIVE Backed Dollar interest component. It would be a long discussion of what these various chains are good at and where to build but if funding can't be obtained anywhere it makes sense to just focus on building on something on the first page of CoinGecko that has a lot of attention right now. Essentially it would be the same thing but it wouldn't post to STEEM, Blurt, or HIVE or sell to create buy pressure for STEEM, Blurt, or HIVE.
- I agree with you that 90K is a lot but not a lot at the same time. It's not cheap to dedicate full time to this for software engineers. Build, test, and market it. That is why I mentioned that I might have to roll out another proposal after this.
- The amount for the STEEM proposal is similar but it's hard telling where that will be because the STEEM Backed Dollar isn't at a dollar right now and doesn't have the stabilizer mechanisms in place that HIVE has.
- I would say success is seeing the progress update initially and then ultimately if current users feel the additional functionality is useful and they are getting additional rewards.
- It doesn't make sense to repay the funds directly back to the DHF. It's overall buying HIVE and powering it up into people's accounts so people individually see the benefit and collectively the price would come up if it overcomes the normal sell pressure from everyday users.
Thanks for that - it helps to start filling in the gaps, although I think we still need detailed plans. It's an ambitious project; maybe co-ordinating with the Leo team might help with it, they've done quite a bit of cross-chain work recently.
But I still would like to see a tangible, objective metric for what success looks like and how it adds at least 90K of value to Hive. Progress updates are an essential part of the process, but in themselves don't add anything to Hive's market cap or user base.
I'm supportive of what the Leo team is doing and have a small position but they are taking a slightly different approach. Also their proposal didn't get funded despite having some heavy hitters vote on it so they are in a similar boat from that respect.
I get what you are saying about wanting to see further breakdowns and objectives and it isn't against you or anyone else but I could do endless work in the "maybe" stage of all this to still not get funded.
I think one of the failure points of a DAO is that enough people look at the amount and say. "No fair..... why don't I get the 90,000 HBD?"
So then it ends up being projects that are very close to the shrinking inner circle.
The votes are very heavily guarded for content and for proposals even for people who have been here through all this for 9 years like myself.
The risk of people voting is pretty low. If I wasn't producing updates and progress in the first couple of weeks it would be easy for someone to just remove their vote.