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RE: We are beggining to be wasteful with the HIVE fund! STOP NOW

in #hive4 years ago

I personally had almost 500k impressions on twitter during the takeover. I contacted directly a few big crypto youtubers ("contacts") that picked up my tweets and story. My tweets were shared and i was quoted in a few articles myself.
How much is that worth? How about the 100 others that did the same thing? How about all the witnesses, community members that spread the word? That sat on the PC sending out emails, tweeting and responding to questions, countering lies and deceit.

How much is that worth?

If you feel you have done something that should be funded by the DHF then make a proposal and seek voter support. That is pretty much the point of the DHF. There will be different types of proposal, different types of users, and different funding amounts depending on many different circumstances for each situation.

I think the reward pool is a much larger concern about "wasted funds" but I agree and understand why you feel the DHF may be wasted funds.

If you think you should be funded for something it's simple, make a proposal and seek the support.

@justineh work with exchanges directly (and I was personally present in most the chats to witness and help), saved Hive money and valuable time while the Hive buzz was still in the media. I am glad you reached out to media and did work to promote Hive with 100k impressions ... gather some proof of work of what you have done, value your time, create a proposal, and seek support.

The system is there to be used and improved upon. Maybe you could contract a dev for less than other proposals and manage them. You could even make a percentage of the funding yourself.

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If you feel you have done something that should be funded by the DHF then make a proposal and seek voter support.

No, i dont think that. Thats actually the point of the post.
I dont think she did anything worth 30k USD either. Thats another point of the post.
She made a case why she should get the funding. Im making this post explaining why she shouldnt. Im a stake holder.

I think the reward pool is a much larger concern about "wasted funds" but I agree and understand why you feel the DHF may be wasted funds.

Sure. Maybe i make another post talking about that as well. Thats not the topic of this post though.

If you think you should be funded for something it's simple, make a proposal and seek the support.

Sure, if i ever think i have proposal worthy of funding ill post it. When i disagree with something i will voice it, as im doing here.

did work to promote Hive with 100k impressions

It was closer to 500k, Not 100k.

I wonder why didn't she asked for the money before doing the job, it would make much more sense. Otherwise if you done it, and nobody asked you for it, it's kind of weird to ask that sum retroactive. Binance and Huobi would list HIVE anyway after all the mess. I don't know exactly what's that fund about but I doubt she will get the money. Moreover if one comes with such proposals, he/she should never ever mention the word community. Again, you don't ask for money after you done the job, not invited by anyone and as an act of community member. Either you put the price on your efforts and announce it before starting it all, or not at all. That's how I see it.

Some people would say it’s smarter to ask for compensation after showing results, rather than on future promises... but I guess that’s a bit trickier when others are allotted credit for work others did. 🙂

I still consider that compensation should have been mentioned before taking action, if it's about money then we're talking business and things need to be settled before taking action the way I see it. Agree with you however that you can't ask for compensation before showing results and from what I understand you put some efforts for HIVE being listed on some exchanges and for the transparency of the whole situation with Steem and Hive in the media. I believe though that Huobi and Binance would list it anyway after the whole saga, and not only for that... The community proved to be strong, made some splashes online, and every exchange has the interest in listing such type of cryptocurrencies that drag attention upon them, after all they have their share from trading, that somehow pointing that YES the community with all of its efforts online played an important part for listings and not just one entity. You have the proposal submitted though and if it's gonna be voted, good for you, I'm not the one to decide if you should be paid or not. I will say though that in all the listings the community played an important role as well, and our payment translates in the value that the tokens we earn in here have on the market. Lets not overlook community and reduce all the tweets and efforts similar to what @lordbutterfly have put, to almost zero. If those don't matter then we don't matter, and if we didn't matter, why wasn't that clear right from the beginning so we won't bother anymore. I feel like some in here are trying to say now that all this was just the result of a few and not much of a community effort.

I see it the same. Make a Bill for past work without anyone notice is not cool. I would support funding for future work. Maybe with longer Time period and not 500$ a Day.

So the Community can see the work and if the community agree with the work, Proposal get funded.

I think the reward pool is a much larger concern about "wasted funds"

What exactly do you mean by that? Do you see any solution for "healing it"?

Some ideas have been proposed about a change in the reward fund, but a lot of people are afraid of changing the status quo when the discussions happen. With the coming HF24 and other changes, it may be possible to look at avenues for improving token distribution as a whole. Maybe that could be HF25 or 26 because I think it is an important aspect that needs to be addressed.

Some ideas have been proposed about a change in the reward fund

What change more precisely?

None that are fully hashed out. But some of them revolve around SMT in some way. Moving the inflation generated tokens away from the main layer and to a second layer.

Another idea was to have the reward pool able to receive transfers and moving the inflation into the DHF. Then users could make proposals to increased the reward pool funding to adjust the inflation percentage.

Other ideas exist I am not thinking of I am sure but nothing has really been proposed along with a real reasoning, or testing, of if it will work.

None that are fully hashed out. But some of them revolve around SMT in some way. Moving the inflation generated tokens away from the main layer and to a second layer.

What do "main layer" and "a second layer mean" here?

Another idea was to have the reward pool able to receive transfers and moving the inflation into the DHF. Then users could make proposals to increased the reward pool funding to adjust the inflation percentage.

Moving the inflation into the DHF? All of it?

Other ideas exist I am not thinking of I am sure but nothing has really been proposed along with a real reasoning, or testing, of if it will work.

So some people have been throwing around ideas. I really hope all of those ideas will be thoroughly discussed in public before drafting proposals ready for implementation.

So some people have been throwing around ideas. I really hope all of those ideas will be thoroughly discussed in public before drafting proposals ready for implementation.

Why are you trying to quiz me on all the possible ideas that may come up to change the reward system?

I said I think the reward system is being abused. You asked me what I specifically am doing to fix it. I told you a few ideas that have been discussed and nothing is in the works right now.

You tell me you hope the ideas get discussed before stuff is in the works.

Whats your point here?


Edit: just noticed you aren't even the person that started the thread. Makes more sense now because I figured you were quizzing me based on the previous response I made.

  1. Main layer referred to the main token, HIVE/HBD. Second layer would be an SMT based token or something that is not directly HIVE/HBD.
  2. One of the ideas discussed was all inflation minus witness pay to ensure witnesses are incentivized always to run the chain.

Again, these are all just brainstorm ideas without research about their potential effect. However, SMT is currently in the works with testing and other things, like RC delegation, are being worked on and tested as well. The system will hopefully continue to improve. I think the reward system can be fixed, just not quite sure how just yet.

Edit: just noticed you aren't even the person that started the thread. Makes more sense now because I figured you were quizzing me based on the previous response I made.

Thanks for the answer. I deleted my original answer to that comment so as to answer yours properly.

Main layer referred to the main token, HIVE/HBD. Second layer would be an SMT based token or something that is not directly HIVE/HBD.

One of the ideas discussed was all inflation minus witness pay to ensure witnesses are incentivized always to run the chain.

Rewarding witnesses is obviously absolutely necessary. That, by the way, is the reason why a decentralized blockchain without a cryptocurrency cannot exist.

Again, these are all just brainstorm ideas without research about their potential effect.

I've seen people talk about such ideas before.

However, SMT is currently in the works with testing and other things, like RC delegation, are being worked on and tested as well.

That's great to hear! RC delegation is an important feature going forward for stakeholders who want to earn by delegating RCs to gaming apps.

The system will hopefully continue to improve. I think the reward system can be fixed, just not quite sure how just yet.

It's much better than it used to be before last August but not perfect.

Something to remember about moving author and curation rewards to an SMT is the necessity of getting that SMT listed on an exchange for it to have any monetary value. Nearly the only thing giving even HIVE monetary value for now is the fact that it's a speculative vehicle. SE tokens are almost completely worthless because their only utility is attention economy on a tiny platform. Frankly speaking, if content rewards in HIVE/HBD/Vests were done away with in the next hard fork, I'd probably quit posting like many others. Maybe I'd try my luck on larger platforms where orders of magnitude more people can be reached. If sufficiently many Hive users did the same, the number of people willing to try new gaming apps etc. like Splinterlands that do not rely on the reward pool on Hive would be a lot smaller. There'd be less chance of any of them catching on.