After all, our DHF fund continues to grow, not shrink.
It is not without a cost. All these peoroposals with grossly inflated costs results in increased sell pressure. Stake holders incur this cost. Most of these proposals are extracting 10x value than they provide to Hive.
Hive is a very tiny community, yet we are spending $2.5M+ a year on proposals most of which not doing anything to help Hive grow. This is real money that ultimately is dumped on exchanges for Bitcoin and other tokens.
While I hear “we have the money and we have to spend it on something”, the reality is this reckless spending has an extreme cost to stake holders.
This is also true, and I agree. I'm making investing as much of my payout as possible into hive power a goal of mine... after all the more invested we are supposedly the better incentivized we are to provide some value even after our proposals are gone. I should hit Orca by the end of the year... Which I believe will be about 40% of my payout. The alternative is losing some skills to other projects with VC funding. The DHF isn't perfect, but it's still better than nothing.
I disagree, with how much we are spending, how much we are getting, and the size of our community, nothing would be greatly better at this point. Not having $2.5M sell pressure would be more value than most of the proposals provide.
Well... the terrible chain that shouldn't be mentioned doesn't use their DHF... has a market cap of 127M and we have 187M... so at least we know where no dev pressure puts a marketcap.
You also can't just assume all payouts are sell pressure. And if you did we could assume all HBD savings payouts are sell pressure... which is 1.5M. And your witness votes for 20%APR.
And when I say the DHF fund is growing more than it's paying out... JUST the HBDStabilizer has contributed over 3.1M to the DHF which also removed several million from the content curation... So it's a net negative on sell pressure versus not having one.
they also have SBD priced 530% higher than our stable coin resulting in massive payouts for post rewards. Their daily volume is also well over 10x ours, we are typically 2-10M/day they are like 60-100M/day. For example today we had 6M and they had 80M. It's not even close, add in the massive additional inflation from $5+ SBD price is huge.
Fundamentals be dammed lol