RE: We Are Using Decentralized HIVE Fund Wrong by kencode

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @vimukthi/we-are-using-decentralized-hive-fund-wrong-

hive-167922 · @kencode · Sep 15 '23

Thanx for the plug on HiveCast @vimukthi I sincerely appreciate it. Sadly, people seem to vote for the old whales, hype, and same old bs "marketing" schemes. 
 
It is quite insulting actually that there's over $215K per DAY available and the whales would not even support $118 of that towards our HiveCast proposal. Our Hive-Tube project has been immensely successful too with thousands of downloads! WTF Aaaaaanyway... 
 
Sadly, our HiveCast proposal did not get voted in. I guess the whales do not see the value yet in RSS, the Fediverse, user-engaging, truly distributed, PROFITABLE streaming media. 
 
We are discussing a few ideas however on how to fix the Hive-oligarchy issues, so if you would like to join in the discussion on matrix: 
http://agorise.chat (I'm an admin in there too, so feel free to dm me)

👍 vimukthi, mercadomaestro, singularity.zero

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@vimukthi · Sep 15 '23

$0.33

Thank you for the invite! I am hardly active anywhere outside of HIVE. I will keep you in mind. 

>It is quite insulting actually that there's over $215K per DAY available and the whales would not even support $118

This is the part I'm most furious about. Different people can have different opinions on what is best. But not spending 0.05% of the available budget on a real project with real utility is pure insanity. HBD can only loose value over time due to being linked to USD. If the unused funds were spent to burn HIVE, I could see why a whales would want to keep most of the DHF Proposals unfunded. The current state simply does not make sense to me.

👍 kencode, mercadomaestro

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@kencode · Sep 15 '23

Let's use your fury to help enact change.. :)

👍 vimukthi, mercadomaestro

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@mercadomaestro · Sep 16 '23

Also, the DHF should not store funds as $HBD. HBD is a worthless token that has no real world value. It is not a medium-of-exchange, it does not store value and it is volatile. When it shot up to $1.19 USD, it wrecked proposals. Now it's back down to $0.97. That's a $0.22 swing, no so-called "stable" asset should ever have volatility that high.

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