quick question; I see the current daily budget of DHF = 4,899.595 HBD; and currently 6 proposals are funded totaling 805 HBD/day. So, is the reminder of the daily budget burned or saved for a later use?
Related, Is there any plan to introduce a public audit trail of the DHF? That will help with the recent outcry I think.
It will at least help me, if I get a post detailing the DHF funds: Source, Utility and Audit from you. Many thanks!
Maybe I misread your comment a bit. Are you asking for a post on details about how the DHF works? If so, here's an old post on the subject: https://hive.blog/blocktrades/@blocktrades/proposing-a-worker-proposal-system-for-steem
I was. So you read it correctly. And I did read the post. My question is, is there any changes to the system since that post is written during the steem days.
More specifically I was asking, how a general public find a basic audit of the DHF. Is it possible to implement a audit trail, or is there any plans for it?
Also almost an afterthought, is the equivalent hive related to Steem INC. 's stake part of the DHF? What's its status and potential use?
The actual mechanism for generating new funds via coin creation was decided after that post, but ultimately it was decided to use 10% of the author/curator reward pool to fund it (IIRC, Steemit coded the final version after discussions with community witnesses and large stakeholders).
Any of the frontends could add some dashboard with more info about the fund (i.e. I don't think any blockchain-level changes are needed). I think the main issue would be to figure out what information would be useful to display.
In the airdrop process, an amount equivalent to the Steemit stake was airdropped to the DHF as Hive, keeping the supply of Hive the same as Steem had.
Currently it is not spendable, as the DHF can only fund proposals via Hive Dollars, but there is an open issue being worked by @howo to add a process that periodically converts some of the Hive in the DHF account to Hive Dollars. I'm not sure yet if that new code will be included in the next HF or not, mostly depends on when it's fully tested I suppose.
There's also an issue of deciding how fast that conversion should take place. I've seen suggestions of between 3-10 years.
Thanks! This a helpful. I need to bookmark this reply for future reference.
For the record, although I did a fair bit of the initial implementation @netuoso has taken over and finished development for that feature. We just need to do some more tests.
Any funds from the daily budget that aren't consumed by proposals higher than gtg's refund proposal are automatically returned to the fund. So the funds available are slowly growing as long as some is being "refunded" by gtg's proposal(because in this case more new funds are being created than being spent). Currently the available funds are growing.
At some level, the DHF is auditable now (all the data is in the blockchain and accessible via block explorers), but I guess you're suggesting that some of the frontends present the information in a clearer fashion.
Yesterday I created an issue to improve the view shown on condenser, but the immediate plan is just to make it easier to see the proposals and where they stand.
Maybe take a look at the existing proposal displays and add a new issue in condenser with the specifics of what data you'd like to see.
Exactly what I was asking. Thank you for confirming. So it is now clear to me that the daily surplus gets added to the DHF and its size increases.
I was thinking about a display (visual) a tool perhaps, that plots an input and output to the DHF. I know the data exists... but that is simple front end will be useful for the average joe (like me) to see and understand.