I was doing a promotional content for a Blockchain that needed more eyes on their product.
They're a layer zero, aiming to power other web3 Dapps and unite liquidity across chains, but after the first campaign, they refused to pay I and the person that worked on the project, and other KOLs and influencers too. Their excuse was that "market condition was bad" however I didn't believe this.
I felt they wanted to achieve more than their marketing budget and since they didn't, they probably decided not to pay.
I saw their block stats and it really wasn't looking good, although they had a good chain, and good infra, but the chain stats, tokenomics and many things weren't looking good, but again, it was the problem with their chain and also partly because the market wasn't looking good.
A lot of people criticize Hive and rightly so, but I don't think it's clearly because we have a bad tech, it's just clearly because proof of stake as a governance model hasn't 100% given us that results we want.
On on hand, we have some of the best audience and community and so many foundational layer chain out there do not have this. When we discuss the debt ratio thingy and inflation and all that, we have the smartest minds in the space to fix these things, but somehow the DHF still continues to bleed the chain despite the fact that we know that the way it is allocate is flawed.
Someone confidentially told me sometimes back that there was a popular DHF project that's been funded for years, he told me the people handling these funds have become rich off of these money and always submits a fraudulent budget and pockets the remaining cash after that.
I was sad to hear this, but then stuffs like this can be handled well with a simple calculation and effort to demand accountability. We saw how someone on Hive uncovered a catfish that duped Hive users of money using the case of a sick mother, I mean even if the witness do not have time for this, they can employ someone like this to do all the intelligence work and simply pay them, it's that easy.
The recent hardfork for Hive was good, but then I still think we have an elephant in the room: mismanagement. Somehow we understand how good Hive is, until we look out there.
All we need is better management and people at the helm of governance who truly cares. I've done promotional works for Blockchains, and I've seen projects with terrible projects even with millions of dollars in raise. Sure, the market condition takes 80% of the blame, but we need to do better.
Recently a big KOL on Twitter talked about Hive in a Twitter space and praised what we've built here, I think we just need do a little bit better to be a leading chain, the DHF needs to be cauterized.
I agree with anything you said, it's true that dhf helps funding stuff like Keychain, ecency, peakd, etc which are essential for hive but it's true that there are no bills or proofs or expenses so it's just all in good faith... And it indeed helps keep dumping hive
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STOPyeah I truly believed in the future of hive, but what we needs is to capitalized on the very first reason that brought us together .... I know people are still selfish for some what reasons, if we miss this, then the true decentralized purpose of hive will be lost