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What's going on with HiveTips? by therealwolf

View this thread on: hive.blogpeakd.comecency.com
· @therealwolf · (edited)
$13.61
What's going on with HiveTips?
Hey @jackmiller @lightproject

Any updates on HiveTips? I heard it's broken. There were also no "tipping" transactions for the past 31 days: https://hiveblocks.com/@hivetips.pool

I don't want to be mean, but *what exactly* did Hive gain for [over $70,000](https://peakd.com/@fullalt.dhf/wallet)? A closed source, browser extension + backend API with [~200 installs](https://chrome.google.com/webstore/detail/hivetips/pepgdkiflaefcmpogbpjpckbbddbjamc) and roughly [1-3 active users](https://hiveblocks.com/@hivetips.pool) which has been broken without updates for a month?

Also, why were there [no blogging updates for over 4 months](https://peakd.com/@fullalt), the last one roughly when/before the proposal got funded?

---

**To the community:**

We didn't fork away from Steem, showing the world that this community can't be bought, to end up as a project that gives out huge pay-checks without requiring responsibilities.

Do you want to know what other project received a similar amount of funding as HiveTips, but had a *somewhat different* outcome?

[Uniswap - $50,000 + 120 ETH for security audit in 2018](https://esp.ethereum.foundation/en/projects/uniswap)

---

**On a personal note**

I expressed my concerns many times, explaining that while HiveTips should get funded, it should be within the range of 5k-10k of "seed"-money to create a proof of concept; not 70k because the [contract-developer](https://i.imgflip.com/5dg19b.jpg) already spent x-amount of hours on it.

I truly hope that I'll be proven wrong and HiveTips becomes a major success with thousands of **active** users (not just a handful) and "Tokenizes the internet with Hive" as advertised.

But being realistic, the odds of that happening are, in my opinion, sadly very slim. What does that mean? Well, I think you know what it means [...](https://i.imgflip.com/5dg1gr.jpg)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 243 others
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vote details (307)
@bitcoinflood ·
Sadly there is a ton of money going out the door with little to no results. Other things need to be prioritized and worked on and honestly those funds I would rather see some of them go to projects that ARE working and brining people to hive. Like a small fund for successful projects to help fuel their continued growth if they need it.

We legit just spent $100,000 on marketing to a front end that is extremely complicated. I'd much rather see those funds used to improve on board to make it easier with less friction for new users. At the moment we see thousands of new accounts but no activity from 95% or more of them. That CLEARLY shows there's a major issue on the front end that should be found and corrected above anything else.
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@torrey.blog ·
And there are some great projects with no funding. 
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@enforcer48 ·
https://cdn.discordapp.com/emojis/699081596371861535.png?v=1
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@goldrooster ·
It's like in a democracy. Politicians fuck up our money and only sometimes some good isdone with it. The hivetips sounded ok to me.
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@guiltyparties ·
It's getting fixed, just waiting on the opportunity to get work in while everything else is going on. Message me next time since I almost missed this. It's a good project and today it actually came up in a prospective partnership type context, which is a good sign. Just give me some time to get it all straightened out.
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@heskay ·
I think hive is really striving this time to keep fit but I hope for the best
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@hivebuzz ·
<center>[![](https://images.hive.blog/175x175/http://hivebuzz.me/@therealwolf/level.png?202106201549)](https://hivebuzz.me/@therealwolf)
<center>@therealwolf, sorry to see you have less Hive Power.
Your level lowered and you are now a **Dolphin**!</center>
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@nathen007 ·
I am surprised there is no shock, gasp or horror from your post . Sad . Answers needed and no one cares it seems. 70 grand?!!
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@sanjeevm ·
$0.07
> this community can't be bought, to end up as a project that gives out huge pay-checks without requiring responsibilities

I had some similar argument in twitter : 

https://twitter.com/sanjeevmbbsr/status/1404700251802390533
πŸ‘  
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vote details (1)
@guiltyparties ·
$0.83
You were asking about Hive core vision. The original point on Twitter was to let community members propose their own visions without being guided. It was meant to be open-ended for that purpose so the Hiveblocks account couldn't respond in any other more detailed way.
πŸ‘  
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vote details (1)
@sanjeevm ·
$0.44
> It was meant to be open-ended for that purpose

I think, before asking others, we should publish the vision of all the great people building for hive - do we have one ?
πŸ‘  ,
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vote details (2)
@themarkymark · (edited)
Pretty much what was expected.   Even when it was working it was just giving out tiny 1 Hive tips to existing Hive users.  Did zero for onboarding and mostly just gave Hive to people who are already on board. 

Just because he spent $60K-70K+ out of pocket doesn’t  mean it is worth that much nor that we should have paid for it.

The 2,000 HBD/day allowed them to get paid fast with little time for anyone to see if it was actually doing anything. With the elevated HBD price for most of the proposal they made a lot more than the $73,000. 
πŸ‘  
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@nathen007 ·
Do they actually have to provide accounts and proof that the money was spent on exactly what it was approved to be spent on? Surely there must be checks in place as per the proposals?
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@themarkymark ·
No.  There were milestones that I am aware of, just reimbursement for money spent developing it. 
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@therealwolf · (edited)
As marky said, the amount of money was based around the **time** the *contract developer* (@lightproject) spent developing it. Whether it was developed effectively or not, no-one outside can asses because the code is closed-source, only the development results per day are known. 

But as it should be pretty clear by now: time spent developing the project !== value generated by the project

If the price would have been based around the value it provides, it would have been FAR less if you compare the **actual results**, not the **potential results** somewhere in the future.

Basically, in my opinion, jackmiller should have never paid lightproject before any results were known and lightproject should have never requested such high payments without known results via proof-of-concept and the community should have decided whether it would be worth it to continue working on it.

Because at this point, Hive and its reputation are on the losing end for giving money naively to a project without PoC, not jackmiller who miscalculated the impact the project would have but still got a full refund for what he paid - and it's not some "pocketchange" which could justify an "oops, sorry - I'm out".

If this is the message we want Hive to bring outside to the world aka. "come to hive, pitch some crazy idea, develop some version of a product, sack in the money, never take responsibility for what happens next" then I doubt legitimate people/projects will have an incentive to put their reputation on the line building here.
πŸ‘  
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vote details (1)
@urun ·
Hive tips = waste of money.

60k - 70k in marketing and to standard onboarding process would bring much much more value.

even if Hive would pay fees like ugly newsletter sign-ups + first purchase ( around 5$ per user) it would bring close to 10k users to hive.

With and standard onboarding process like free wallet needs social media account + email would be able to remember the people.

like" we miss you" or something gay to trigger them active again :)

I'm in favour of hire fast, fire fast, but it needs a concept that proofs value.
 
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@themarkymark ·
https://files.peakd.com/file/peakd-hive/themarkymark/JkeAGrun-file_from_ios.gif 
πŸ‘  
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vote details (1)
@urun ·
![untitled.gif](https://media.tenor.com/images/c4cabe99d38410e38c08c88c64afe5de/tenor.gif)
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@urun ·
I don't think the idea is good of hive tips. 

Also, I see no value in it.
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