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RE: Upvote this post to fund @hbdstabilizer

in #hbd4 years ago (edited)

The daily limit doesn't really solve the problem. It would allow more to be spent at one time, but that would deplete the fund faster which would then reduce the budget which could be spent subsequently. It is fundamental that only 10% of total funding is going to the DAO. That's just not a lot.

It is true that the HBD stabilizer proposal is a bit of a different breed in that it doesn't actually deplete DAO funds, but most do. I don't think we can reasonably change the general rules for this one thing (and even if we could, that wouldn't happen until a hard fork, who knows when).

The HIVE in there is a one-time sum and won't be replenished at all. A decision was made (which I agree with) to slowly release it over a period of years. The idea being that it should help support and sustain HIve well into the future. Again, grabbing it faster and "borrowing from that future" doesn't seem appropriate.

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Since the project is only borrowing and returning Hive with profits back to the DAO, I thought there would be no harm in borrowing more.

A decision was made (which I agree with) to slowly release it over a period of years. The idea being that it should help support and sustain HIve well into the future.

Makes sense.

Since the project is only borrowing and returning Hive with profits back to the DAO, I thought there would be no harm in borrowing more.

It still counts against the budget as if it were spending, even though it isn't. The budget is mostly tapped out. There is a small additional amount in the budget that is increasing over time and we'll probably make another proposal soon, but we can't just change the budget rules even though this isn't really spending.