I appreciate this discussion, but I disagree on the 50% burning idea.
Does HIVE really need $4434 in development funds per day?
In my opinion, yes.
Let me explain why:
1) It's true that not all of the dao's current wallet is being utilizing, however let's not forget that we are literally less than 2 days old. It's going to take time to have proposals come flooding in, and we need to be prepared.
2) Having a "warchest" ready for when we ( hopefully ) start onboarding lots of new people is very important to have. We can use these funds for marketing, development, game support, and so much more.
3) Don't forget that Hive has promised to allow users to make proposals stating why they believe them being placed on the "blacklist" was wrong, and they could potentially receive their airdrop supply back. We need to take that into account.
Rather than burn some of these funds, I'd be more in favor of something I've been hoping to discuss: A Hive-Hackathon To Help Kickstart Our Dapp Ecosystem.
I'm planing to write-up a proper post discussing this more in depth, but I feel like waiting until things have settled a bit more here. Basically, we should be using these funds to pump up our development resources, encourage outside developers to build on our platform, and market our strengths to the rest of the crypto community.
Having these tokens get fairly & evenly spread amongst builders does far more benefit to us as a whole rather than simply "burning because boo inflation".
I don’t agree. Good devs aren’t cheap.
That would cover only 3/4 contractors a day in NY or 8/10 in the UK.
Anyway yes, I think we should burn part of it (maybe 25%?) and then periodically adjust.
I agree that people working not for profit for the good of everyone or most here deserve funding, that's why I'm not proposing for the elimination of the Dao. Good Devs cost money. That's why the Apple store pays them to post Apps... Oh wait, they don't 😸
Happy to drop the dao when Hive reaches the size of the user base that Apple has. =}
Thank you for your detailed response.
1 @Steem.Dao is not 2 days old it has been around for over half a year and was never fully utilized. There is a 400k hbd warchest.
2 Why can't games be for profit and the person who owns the game use the profits to support and market it? Luckily we don't need to pay for marketing, we have hundreds of posters marketing as it is. Why do new users need Dao funds? Steem didn't have Dao when most of us joined and it wasn't half as good as HIVE is now.
3 Most of those accounts will not ask or get their stake back. They declared war on the witnesses and strongly supported Justin Sun, at least the major ones did. They have to submit a proposal and beat the return proposal, it's not going to happen for most accounts.
A hackathon is a great idea. How much hbd are you suggesting? I am just suggesting to burn some of this inflation, seizing control of an arbitrary amount of tokens and using it for future unplanned development is ridiculous, we are talking about 20% of all tokens on a chain that is well developed.
Best of luck with your proposal!
1) Sure, the DAO started on Steem and has been around for a while being unused, but I'm focused on Hive, not Steem, and I'm hoping to help spur more engagement into the DAO protocol to help fund more development. Therefore, I still believe we will need these funds for when that time comes.
2) Games can be for profit, but isn't it cool that they don't have to be now? That's the magic of the DAO system, some projects will be able to replace micro-payments, ads, and in-app purchases by offering the services for free while running off of DAO funding. This is a huge innovation when it comes to open source work. Remember @utopian-io? A system like that could start up again if they get funding through DAO! That's very exciting :^)
3) Yeah, sure, that could happen. But we still need to be prepared just in case.
As for the hackathon, I'm not sure yet about prizes. I'm waiting for things to settle down to get a better feel for our user-base & dapp-ecosystem:
Depending on which setup I feel is needed, that would influence the prize required.
Hackathons are a great way to get people into the ecosystem & walk away benefiting the platform as a whole!
( And thanks! 👍 )
Why does hive Dao need additional funding from repurposed funds? Especially the 500 or so HBD taken from people who supported witnesses?
Games don't have to be for profits. Funds in the Dao have not yet went to gave developers, not everyone wants to pay someone to make a game. Why remove advertising and replace it with decentralized fundsing? In both cases it upsets some people. At least I am not impacted by ads on a game I don't play.
We are prepared to give back funds for anyone who asks. There is 400,000 HBD in the Dao and growing. The odds of this being exhausted from airdropping sock puppet voters is slim to none. I won't support an airdrop to anyone who supported Justin Sun's sock puppets and am not alone.