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RE: Burn Proposal Debate Initiation

in #proposal4 years ago

The Dao is over-funded, continuing to over fund it will lead to projects with decreasing marginal utility. I'm gonna draw up some graphs to show this. Prudent care of a smaller pool will lead to more efficient projects, we don't need to encourage vanity here. Why not add more funds, billions of Hive? At some point you should be able to admit this would be ridiculous.

Hive is not a week old, it is a clone of Steem and is 4 years old. People can use the wallet they like, throwing more projects at the wall and hoping some sticks is not a good use of funds, capitalism and the free market enable funds are spent wisely, risk and reward. Dao funds should be used for basic infrastructure, not fancier wallets.

Charity is meant to give funds to those in need. Using Dao funds for charity is okay for the people who vote on it, I doubt it will be approved. If you want to give, consider upvoting or sending funds from your wallet to the charity of your choice.