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RE: AMA with the Turkish Huobi Telegram - My questions and answers + other thoughts from the event.

in #huobi4 years ago

To keep it all in one place, I thought I would also add @theycallmedan's questions and answers. So with his approval, I'm adding them here:

Q: Can you give us a little bit information about the development team? Do you have the skills and expertise to produce a project in high standards?

Hive is a decentralized, community-driven blockchain. There is no central point of authority. Hive is projected to remain a decentralized community effort with no sole official representation. With that said, Hivers are devs, investors, business owners, bloggers, artists, musicians, and everything in between. Hive is a diverse community with the talent pool to accomplish anything!
With the Decentralized Hive Fund, we as a community can afford to hire great talented developers, marketers, etc. full time, and there are developers doing work and being funded as we speak!

Q: HIVE is a decentralized platform and don't have any managers. But how decision making procedure works then? Who calls the shots about spending money, creating partnerships, etc.?

The funding on Hive is done in a decentralized way. Hive is a decentralized community and development efforts are organized through stake based voting and witness coordination (delegated proof of stake consensus). In that, the Decentralized Hive Fund (DHF) is used to finance core blockchain development and the community uses stake based votes for who it entrusts with specific tasks. Hive is also a social blockchain and you can post your efforts on the blockchain and receive rewards via stake based upvotes if the community likes your work.

Q: What does HIVE bring to blockchain world feature-wise?

Hive is feeless and has 3-second block times and your social username is your wallet address. The Hive blockchain can process 1,000 transactions per second and could scale easily to ten thousand TPS. 500tps is sufficient to run a large social media property. Hive also has easy JSON based APIs and layer one operations for dApps and social media; including posting, commenting, and voting. Hive offers a "plug and play" Web 3 experience.

Q: 20 March was an exceptional day for HIVE community. How was it like to lead the community at that time and what was the difficulties you had?

20th March was really the ending point in a way leading to our outcome. What leads up to March 20th was most important. Thousands of people were contributing and speaking out on forums, social media, and working together. The community rallied and fought back against a force trying to centralize us, leading to an epic voting battle. We were all leaders in our own way and it was something very special to be apart of.

Q: Quesiton 10: What are your 2020 plans?

The plans for 2020 is to continue work on SMTs, scaling with Resource delegation to help with quicker easier onboarding. Include more people in the decentralized hive fund to help build and grow the ecosystem.

Q: Do you have a last message to the Turkish community?

Yes! First off I want to say thanks again for having us. We have a Turkish community on Hive, we encourage you to sign up to Hive and become apart of the amazing decentralized community. Meet new friends, learn more about Web 3, and earn some HIVE for contributing your content, effort, and passion.