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RE: Hive: Hundreds Of Millions Of Dollars In Development Funding And How It Works

in LeoFinance5 years ago

It should have been 100% frozen, the proposal can decide what to do.
Some unknown centralized group decided that it wouldn't be frozen, it would trickle. They also decided the trickle rate.

2 entirely unnecessary and avoidable centralized decisions on the 'decentralized' chain before it started.

I'll agree certain things like who else to punish and what to name the chain needed to be decided quickly, but the trickle could have waited (or well justifyed including the reason for thebspecific trickle rate, account names and stakes of all the decision makers). We got like 200k in the dao and at least 100 days to use it.

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There is a return proposal.

If the community votes for the return proposal above all other proposals then nothing is paid out and the fund is frozen.

If the community decides a project is worthwhile then some of the DAO funds are paid out.

If that project is too expensive then people won't vote for it and fewer funds are paid out.

So the drip rate and the extent to which the funds are frozen is determined by the community.

There is a return proposal. It is still much more easy to impliment dao spending now that it is in the dao. Who said it belongs in the dao? Surely you don't believe this was a transparent a d decentralized decision....much like the dao is.

The funds have been put in a pot.

The community can decide to spend them on development, freeze them, burn them, give them to the users who were excluded from the airdrop, spend them on Hivefest etc etc.

How else could a community decision be reached?

Not putting the funds in the DAO is as much a decision as putting the funds in the DAO.

How else could a community decision be reached?

Dao can be used. Or atleast letting us know exactly which accounts made that decision and what was said/concluded. In anycase the decision lacked consensus decentralization and transparency.

Not putting the funds in the DAO is as much a decision as putting the funds in the DAO.

They were removed from thousands of accounts and put into a very specific account.

Its like comparing a decision to choose the number 3.14159 with a random number. Yes it had to be removed from accounts controlled by people who controlled it, but the dao was a very measured and specific chose made to avoid a hardfork and vote to decide.

Admit it, there are people involved who wanted to make a very specific decision off record. We will never know who these people are or how much influence they have because it was an opaque decision. The decision cannot be undone easily. It won't be undone.

I should probably just move past it and give up on trying to get any accountability. Let's dance for the whales. Dancing is fun =)

"It should have been 100% frozen, the proposal can decide what to do."
Are you kidding me? This would have had the excat same result. High stakeholders want it in the DAO, so it would have been transferred into the DAO.

This would have had the excat same result. High stakeholders want it in the DAO, so it would have been transferred into the DAO.

It wasn't determined in a transparent and decentralized manner.

Maybe they would have voted it any. But now we will never know if that is the case or exactly who / which accounts.