It's a start but not near enough.
The heart of the problem is that we see huge amounts of hive hitting the market and driving down the value of the whole eco-system that we have invested in by a few individuals, with limited results and no transparency.
If this were a company instead of a community blockchain, heads would roll at the waste of funds we have seen year on year.
Funding is good but it should be very targeted for a tiny project like hive and it should not be thought of as a constant source of funds. Projects should get nothing without having build at least a minimum viable product and a have a multi year plan showing how they will complete the project and become profitable to repay the eco-system. Funds should be received in stages and withheld if targets are not met.
Projects need to become sustainable and generate revenue. Nothing on Hive is profitable and sustainable bar splinterlands and leo. Every app should be doing something to bring in external money and soak hive up form the market or we will disappear. Our community cannot soak up the selling pressure from the rewards pool and the DHF and should not have to. It's a small community that has already bought up so much of the market supply over the years but funds run out. We have also seen so many users driven away, projects driven away and other just leave through indifference or other reasons. The community is shrinking and the supply is growing. A recipe for disaster.
Development funds are vital but should not be handed out without extremely detailed plans plans, milestones, regular progress reports and that we make sure nobody is working on the same projects wasting more funds.
I do think that visibility at crypto events is one of the good uses of the fund when we have brilliant representatives like crimsonclad that can showcase the benefits of building on hive and have the knowledge and personality to be front and center of our community.
I know that GP is in charge of value plan but somebody needs to be doing this role for all proposals and pushing projects for real plans and gatekeeping the approved funds if strict targets are not met over the period of the proposals.
Nobody is responsible for what are huge sums of money pouring out of our community funds and that is a huge issue.
With all of our talented devs and community members we should not be depending on market sentiment to determine our worth. We should be driving the token value through our own actions.
Content and data are valuable but we have spent years here creating so much but giving it away for free. Leo have built a dex that generates funds and buys their token. They have built cross chain market makers that do the same. Splinterlands have hundreds of thousands of accounts sold to users but what have ecency, peakd, vsc, 3speak, actifit, worldmappin done to generate income after years of funding other than soak up more funds from the pot.
The mentality is wrong here and worse again you have the likes of hivewatchers receiving funding and policing the "Decentralized permissionless chain" getting $95 a day to drive away users and piss of a lot of people who could become part of the eco-system. They have been paid almost 100K as part of their latest proposal. What could have been build for that money that would positively effect the community instead of shrink it??
This is not to be considered as a negative rant as there are so many people putting in so much good work but we need to change the mindset if we want hive to survive and to grow.
Apps need to think like any other business and plan to survive on their own merits and to grow as a business. They can't be funded indefinitely by the chain.
I would also like to see some of the devs here building profitable projects or tools that people in crypto are crying out for. We have the talent working away in blocktrades, keychain, ecency and the community so why not find ways to tap into the wider crypto market, take a cut of the business and bring it back to the fold. If you build things that people want and need they will have to join hive to get them. If you can make a profit doing that it helps everyone.
great comments and I think what you touch on here is why this meeting was initiated.
100 .02 votes for every author on Hive, for one. That would go a long way to encourage new users and improve user retention. Without that, Hive is eventually doomed.
But, those votes could be had without a spend of $100k. They could be had with modest 5k delegations to 20 curators with integrity.
Anyway, spot on. The unaccountability of funded proposals is intolerable, unprofessional, and begging for more fraud.