Blog voted to give it more exposure, since as a proposal, its the only one that never seems to get any votes to put it on a trending feed but it always seems to get voted in without trending page discussion. So hopefully the votes get this more discussion and constructive feedback.
Firstly, Nice to see KPIs at least. starting to move in the right direction.
To take one event as an example, as i dont have time to add value to all of this:
12,000 HBD spend on one event with a target to onboard 15 new uers is 800 USD per onboard. Come on.
Is there a plan to follow up with these users and support the newbies to retain them? is there a plan to give them tasks to keep them retained and rewarded? how will you do that? who will vote for them?
organizing a wrestle fest and a Hive fest in the same year and spending well over half of your budget on those two events when hive is at all time lows is really not the best use of community funds and money printing. There is a way to do hive fest for less than 10K
Finally, extrapolating out, this budget means on an annual basis you are asking for 5 million hive per year (1.3 million Hive per quarter in this proposal alone), which is 1% of all hive in existence each year, which is already a larger budget than the whole chain can sustain across all spending without significantly diluting investors.
At least there are some KPIs and it seems onboards will be tracked this time. but lets try and keep it around 20 bucks per onboard eh and not 800 bucks per onboard as it currently seems to be. And anyway, those onbaords are kind of useless if there is no retention plan. How will you retain them? Maybe you can start by by persuading whales to stop voting burn posts and actually vote the newbies instead, giving newbies some tasks and tracking their retention via a tag or follow account?
I like that there is more focus on digital marketing, its more scalable and less spend intensive.
But spending the whole chain's budget on this is really not what we should be doing at the all time lows (i.e. leave some budget for others without needing to print so much hive that you force them to dilute the chain for their budgets).
Questions to answer:
How many onboards can we expect total with such a set of spends? is there a top level number you are aiming at?
What are you expecting to be average cost per onboard? - I hope its not 800 usd per user.
What is your expected retention rate for these new users?
will you track these numbers as part of your proposal on 3 simple charts so that everyone can easily see the fruits and success of your spending and onboarding and retention?
If you can answer those 4 questions, and put the answers to the first 3 clearly onto 3 separate, simple charts against time on the x axis so that we can track your work success over time, and if you lower your budget so as to allow room for other projects to be funded while keeping the chain's new money creation at such levels that you do not significantly dilute investors, then i'd consider supporting.
Back before the fork created Hive, there was an experiment called 'The Stewards of Gondor' in which modest delegations (~5k Hive IIRC) were provided trusted delegates to use to curate high quality content they felt was under-rewarded. Because no actual transfers of stake were required, the total cost of the experiment was only fraud from the very few untrustworthy delegates that used the delegations to upvote themselves, which was quickly and easily corrected by withdrawing the delegations.
Because Hive will get listings if enough people use it, and will continue to struggle to get listings until enough people use it, the Stewards of Gondor program of making good authors happy they posted on Hive, which is the best marketing program that could be created for Hive to attract new users, is all that is necessary to attract and retain users. Best of all it costs nothing but upvoting good creators - which is what Hive is supposed to be all about.
User retention is abysmal on Hive, because instead of encouraging new users HW was funded to eradicate them from the platform and the Stewards of Gondor program ended with the massive DV war that removed the funder from the platform. I submit that this is not accidental, and is undertaken to maintain the complete control of Hive governance by ~36 whales that continue to extract >90% of rewards from the rewards pool by virtue of their complete control of governance as a result of possessing >50% of stake voting for witnesses continually since 2016.
Hive does not need to spend >$1M/annum to market it. What it really needs is good creators happy they published on Hive, and that's all it needs to grow and raise it's token price. Anything that doesn't produce good creators happy they published on Hive will fail to retain Hive users in the long term, as we see continues to happen today, and fail to attract new users to the platform. That's all we need, and nothing else will do.
Particularly as Valueplan continues to refuse to use GAAP to prevent theft by fraud of the enormous sums it disburses, it increasingly appears to be a vehicle to facilitate fraud, and not a mechanism to market Hive. I will continue to vote only the Return Proposal and advocate everyone else does too, until and unless Valueplan adopts GAAP (simple double entry bookkeeping) to be accountable to the Hive community for it's huge expenditures of the DHF.
I also strongly recommend repeating the Stewards of Gondor experiment to show that good authors happy they posted on Hive because they receive rewards in the form of upvotes for their content will remain Hive users, and will attract new users.
I appreciate your strong public stance holding Valueplan to account. Please carefully consider supporting my recommendations so that Hive can proceed to succeed - without frittering away our development fund unnecessarily.
DAO should be burned. really. Is a box to print tokens and fuck holders.
Stemmy but more retarded managed lmao