I agree that the platform desperately needs more users and this will have a coordinated marketing effort.
This doesn't change anything on the protocol level. This will ride on top and provide extra rewards, extra functionality, and be marketed. Community members here could use it and tap into that or not.
As far as "a lot of funding" it's all relative. How big of a salary would you expect software engineers to make and how much would you expect it to cost to effectively market something like this with all the noise out there?
There is a lot of money sitting in the fund and for the most part it's unobtainable so if proposals don't get approved and marketing efforts aren't rolled out how can we really expect new people to show up and for the price to come off the floor?
I get that the money is relative, but you have to be clear on where it will go. I know marketing is tricky and we have failed at that previously. You need a lot of support to get funded, so you have to be very convincing, especially to the big accounts.
It's a big hurdle for sure. I see some of the heavy hitters that voted for the latest InLeo proposal and they are still below the threshold.
For investors I don't know how anyone expects anything to change, for new users to be onboarded, and for the ecosystem to grow if doing a proposal and getting it approved is such a long shot for anyone outside of a very tight inner circle. There are some great projects being funded and it is more of a continued support thing but we are losing numbers and aren't onboarding the masses. Things overall aren't on a good growth pattern.
I get proposal owners asking me for help, but there's limits to what I can do. You have to sell the idea to the whales and I see at least one is not impressed. I know some disagree about what does get funds. If you think your idea has value then you may need to find other ways to fund it. I see people building Hive dapps without proposals.
The onboarding is a whole other issue.
I certainly get the uphill battle and I have seen a lot of projects roll out very impressive self funded projects and still not get funding. @partiko is one that comes to mind.
As the inner circle tightens it will essentially become impossible for all but a very tight group to get any funding and the user base is dwindling.
Also another thing to consider is that there is a lot more competition for HIVE now than there was in 2017 / 2018. So why should someone build here and not just fully build on one of the blockchains that has a bigger market cap?
If it is going to be self funded developers are going to continuously look at their options. HIVE isn't landing high on the list for most developers these days.
These chains need more users and a liquidity injection. It's a worry that continuing down the current path isn't going to magically produce that.
Projects can get funding by taking a share of post rewards, but you need to develop something first. @strava2hive is a fine example.
I know the issues, but it's not me you need to convince for your project.
Yeah I gotcha. There are certainly a lot of very impressive projects built here.
The amount of friction and fighting going on is a tough situation.