A special edition where I use my camera !
Dev sync
It's best to listen to this one.
progressive lockup period for HBD (with variable rates, say 10% = 3 days, 20% = 30 days etc) ?
It's an interesting concept, which could allow us to offer better stabilities to people who stake, where you lock for x amount of time and you're guaranteed to have the same rate for the entire duration. The higher the lockup the better. @gtg pointed out that it's best to keep it as simple as possible, which I agree, should we create this, it would be either 3 days or something else (like a year) lockup.
We could try to make this generalized to apply the same to have variable HP lockups
After some discussions, we agreed it was best to not mess with HP for now.
Rosetta api (is anyone working on it or is it up for grabs ?)
I wanted to know if anyone was working on it right now or if it was still available, so no one is currently on it, I don't intend to build it yet, I believe communities improvements is more important for now. I'll work on it later on.
hivemind flow.txt inaccurate (see this: comment because it's made by hand, should we remove it altogether or expand the parser POC that I made ?
It's a bunch of technical discussions, I will work on some tooling to automate some of the documentation generation.
There was some discussions about renaming HBD to something more explicit like USDH etc
We could do it but it's a major undertaking for not a lot of benefits, we believe it's best to not do it unless there is a really really strong push for it.
And this is it for this meeting, have a good one.
I personally see no value in having different lock up periods of time. Instead keep it 3 days and alter the APR when needed. Allow the DeFi platforms to do the heavy lifting of higher APRs with other stables Hive HBD is for sure not ready for more complexity and there are far bigger things that should be done with that time.
The point of longer lock up is that you're then guaranteed to keep the same rate.
But yes I agree that there's bigger priorities at the moment.
Thank you for sharing. I would argue that Rosetta API is more important for entire platform compared to communities addition. After Rosetta, communities improvements can be continued because it will never be done deal, imo.
That's a valid opinion, I guess by saying focusing on communities I ment "put out at least a few features before focusing on it".
The main problem with rosetta is that afaik there are other legal hurdles with coinbase who does not like to deal with a decentralized team and would like us to create fundation so that there's a legal entity. So even if I rush to make rosetta, it's not like it's the only missing thing.
18 minutes in is the 'progressive hbd lockup'.
I'd rather wait for this fork 6 months than wait for bonds more than a year.
Most of the changes seem to be highly technical, more code centered than financial.
Stinc kneecapped us while the base code wasn't ready for 6 figures of users, fine.
During those two years consolidation of power was encouraged.
That really didn't end until hive was forked away from them.
The top 20 curation accounts still account for more than 50% of the inflation occurring.
Bonds double the sources of inflation.
It makes passive investing more lucrative than anything to do with the rewards pool.
Investors won't have to play in the crab bucket to get what they bargained for, anymore.
Is the code still not ready for mass adoption?
If the base layer is capable of handling the rush now, then it makes more sense to me to hold back on the fork until we have good news for new investors.
Depending on the changes in the next hardfork, it could be closer to 2 years before we offer bonds.
I think I am safe in saying that the crowd would boo that contingency vigorously.
Those that know enough to care.
IDK, im sure luna will bust sooner or later and kill terra, neutino on waves start to bust waves.
Algo coins are all bottlenecked to fiat trades. If this line breaks, they become unstable.
And this causes panic. The bigger this shit is, the more dangerous.
If they have no other use cases, it is unlikely that they are sustainable.
Once more commerce is done in stable coins, they can go on for a long time.
The frn has hung in there.
We are getting pretty close with HAF, a good example is the chain chugging along nicely even though there's hundred of thousand of splinterlands users.
Yes, that is what I was thinking.
The chain is designed with scaling in mind.
I'd still rather not wait until the end of 2023 to have bonds on offer, though.
I wouldn't think they would add much strain on the system.
what does lock up bring?
Nothing.
Lock-up in a pool brings benefits. Lock up for interest rates only is called Ponzi.
1 year lock up in a pool for whatever rate + fees is something the network would profit out.
More liquidity = super power.
But since Hive is not front running anymore the algo coin game, i would say waiting for "what happens to luna" and profit out of the information we get.
We are not first anymore in this game, so time plays for us.
Rushing can bust hive.
I disagree, I believe it's interesting to bring some "stability" where people can make financial decisions and project themselves a bit without being like "I'm going to put money on HBD and hope that 3 weeks from now they don't reduce the apr to 0".
The counter argument where you could say "well then you can just remove from savings and move your funds to a different defi protocol" is valid though.
Another good argument against it is that it could "lock" hive in an unsustainable spiral of generating too much inflation, say someone locks up 20m HBD at 20% for a year, that's a lot of inflation, and if the witnesses realize too late that the tokeneconomics will drive HBD to the ground, we can't do anything about it.
These kinds of financial instruments can make more damage than we would expect now.
And also they can destroy trust. I can only recommend being very careful with those things.
Why rename something that describes what it is perfectly well?
HBDs are backed by Hive, so I think the name is fine!
Having said that maybe 'HBUJBD' would be more accurate...
I think it's important to discuss all kinds of ideas even the "bad" ones, then people can be pointed to this discussion as to why it's not implemented or considered
Hahahaha
Congratulations @howo! Your post has been a top performer on the Hive blockchain and you have been rewarded with the following badge:
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPNice work
You sexy fuck.
❤️
Hi @howo, i am looking for an hive developer, could you please send me how to private contact or send me message to my discord account: marco intellihandling #2756. Thank You
This is the hive dev discord room: https://discord.gg/EXRpvXwH
Hi @antisocialist, thank you for your answer, but this server is forbitten for me, how i can write into to find who i need?
Hmm, so it is.
Try in here: https://discord.gg/SUwJ2s2