RE: How to Reduce Hive's Inflation Problem - Our New DHF Proposal Voting Criteria, HBD APR, and a Proposed Value Plan S.O.P by threespeak
Viewing a response to: @threespeak/how-to-reduce-hives-inflation-problem-our-new-dhf-proposal-voting-criteria-hbd-apr-and-a-proposed-value-plan-sop
dhf·@niallon11·
0.840 HBDNow it's getting juicy. Great to see these discussions but we need concrete action from our top witnesses and largest stakeholders. With this bear market and the performance of hive in general a change has been long overdue. It all comes down to one simple criteria? Is a project adding value or taking value from hive. At the moment i would say that most projects are taking value form hive and most DHF proposals are doing the same. Any project that is receiving money form the DHF should have a plan to become sustainable if they have users and/or add value back to the chain over time. 3speak has received a lot of money from the DHF over the past few years but what has it generated in revenue or brought back to the chain? This is not an attack on one project as we know the team behind the project work hard and believe in hive but does it generate revenue or bring in large numbers of users?? After performance this should be the biggest goal for an app. Users and revenue. Splinterlands have done both by bringing in users and by buying large sums of hive from the market over the past few years and yet struggled to get any funding when they were struggling. Keychain don't generate revenue but they add so much value to the chain as everything else works because they built such a great app. If they can find a way to bring in outside revenue that would just be a bonus. Valueplan are giving away money like a corrupt politician. Aside from funding established users like crimsonclad that are doing work on behalf of the chain they are throwing out money with little return and no oversight. Madness. Then you have hivewatchers getting funded who cost us money by driving away users and shrinking our userbase and our buyers of hive. They actually have a higher vote than keychain that enables the whole eco-system to run and voted by large stakeholders some of whom are in favour of these cost cutting measures.... I do think that every project needs to take a good look at there spending and where they can cut back as well as everybody taking a look at where the funding is going to. Unless they are adding value or plan to add value going forward they should not be getting funded. There should be a standard of reporting expected that we can all follow and see where the money is going to. I do think 3 months is too short that 6-12 months makes more sense but every project should be reporting monthly on progress and showing a breakdown of spending. The WIP should include a standard proposal for people to fill out all the important details of their proposal. KPI's. Breakdown of costs. Sources of revenue ect.. It should also include a way to fill out a monthly report for each project so that when i go into a proposal i can see their report for each month and see that they deserve to continue to receive a vote. ------------------------------------------------------ But as a chain we need to start looking at sources of revenue and get money moving into the chain from other sources. Make it easy to buy hive and stake it. Get every app generating revenue. Go multi chain and get users from other chains operating here. Build projects that people will use and make them web2 easy. Lite accounts for all media sites that people can just log in with google or email. Ads / partnerships Prebuilt hive communities that people can easily create and customize for their crypto project.