I gotta be brutally honest, this isn’t a hive project, it’s a for profit company that charges fees and is adding Hive/HBD to its list of options. This is not a hive centered project that should get our funds. With all respect I don’t think this is a project that the DHF should be funding. We need to reduce the DHF funding anywhere possible with where Hive is, .19 cents and 30% below our 2022 bear market low of .2555 when ETH was 1K & Bitcoin 15K. Now most crypto’s though below 2021 ATH’s, are up 500% on average up from 2022 lows while Hive is in a bear market during the crypto bull. We should be reducing as much as we can. The more HBD printed , the more gets sold and puts pressure on Hive via stabilizer. We need to be or at least should be reducing funding anywhere we can. I don’t see any demand for spending HBD in most places. We are like the only chain where we can transfer value for free from account to account in 3 seconds. Using a service that only works using the old system model doesn’t make sense to me. We are one of the few decentralized chains. We have bled users and are not growing. At this point we should be reducing DHF funding not funding things with little demand especially when it’s not a project with a track record longer than 90 days.
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One of the things we love about Hive is the fact that there's an active, engaged community sharing opinions... and that includes us from now!
On account of the realities of the world we live in, for-profit companies are often necessary to drive things forwards. Our mission is to serve as a bridge between the old and the new, the centralised and the decentralised.
The grant helped to get Hive into the integration queue ahead of the many other chains that would like to be added, but for the record, we have already spent more on development than the amount received. We won't get into the volume of Hive and HBD payments that would be necessary to generate enough in fees to cover the rest + ongoing support and improvements, but it would need to be a lot!
We look forward to continuing this journey we have embarked upon together and hope you will see the value we bring to the ecosystem over time.