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RE: Hive Tokenomics Improvement Proposal for the Next HardFork

in HiveDevs5 days ago

Someone asked for more opinions from large stakeholders, so I'll briefly add my opinion. All the tokenomics you've discussed were already discussed and coding plans were made as early as Hivefest, as I recall. Even we discussed briefly in discord. My opinions basically match that of ABW (and apparently smooth as well).

If anything, Hive needs to be spending more right now, not less, but spending more requires more ideas and programmers capable of implementing them. And as ABW has already pointed out, until at least SPL proposal, I've personally been spending more than entire DHF expenditures on devs. And of course at some point, DHF will have to take over those costs, as I won't fund it forever on my own.

But the root cause of our disagreement is your argument that reducing DHF will help Hive price. I completely disagree with this thesis. Of course, on each side it is just a guess, so there is no way to definitively prove it except to stop spending on DHF (which IMO would be a complete disaster).

Note I don't always agree on every proposal (as you can see I don't vote for them all, especially ones that ask too much without clear enough benefit), but nonetheless despite that I think the overall result of DHF spending will be beneficial to Hive in the long term. Spend or die is the proper way to look at it, IMO. As far as I can tell, the biggest stakeholders in Hive agree with this idea to some degree. This is also the method by which I was ultimately successful in business, I should add.

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Tnx for engaging. Looking forward for the next HF!

For me it is more how it is being spent and what we are getting in return, there is a vast difference.

At that point you're arguing individual proposals. Obviously there is disagreement on the merits of different proposals. As I stated, I don't agree with all of them myself, and of course many disagree with ones I'm voting for as well.

No doubt you and I disagree on the merits of many of them. But probably the bigger disagreement between us is the impact of such spending. Generally i don't think that "most" of the proposals I disagree with are causing much actual damage to price, for example, even if they aren't the best expenditures to makes. There's only one I can think of that's large enough it may have real impact.

But probably the bigger disagreement between us is the impact of such spending.

It's not the spending it's the sell pressure, most of which with no real benefit to Hive or gaining users/investors. Just as I have no illusion that burn posts actually does anything for price, but the reduced sell pressure may.

Spending/sell pressure, two ways to look at same thing. Again, I disagree with the thesis that sell pressure from DHF is affecting price much, especially not when viewed against the positives to price (a chain with active development).

If anything, Hive needs to be spending more right now, not less, but spending more requires more ideas and programmers capable of implementing them.

Anything specific you have in mind in that regards, @blocktrades?