I've talked about how DPoS blockchains like Hive will allow for the monetization of positive feedback in the form of Hive Powered Reviews. However, it may only be viable once Hive has more widespread adoption.
Let's talk about something that Hive can and should accomplish now.
Tokenizing Developer Contribution
GitCoin allows for decentralized development via a 1 to 1 payment made on a bounty. This is great, but it is the old way of doing things. Gitcoin is just a helpful middle-man.
Meanwhile, while the Decentralized Hive Fund allocates Hive to projects in the ecosystem, the amount of funding can be arbitrary & the system doesn't really utilize all of Hive's crypto-economics.
Development contributions are a valuable thing. What if there was essentially a currency based on these contributions? That's something Hive can do.
How It Could Work
All developers on the project — as well as any supporters — give their voting powers to the project. Whenever a developer submits a merge request — requesting that their development contribution be accepted — a post is created on Hive. If their request is accepted and merged into the source code, everyone that has committed their voting power to the project gives that developer's post a 100% upvote. Ideally, the developer is also set as the 100% beneficiary to their reward. The goal would be to get as much capital allocated to bringing about improvements as possible
There are more nuanced ways to set up the reward system (e.g. to account for partial commits, where only a part of the contribution is accepted), but this is the rundown of how a Hive Powered Github could work.
Like Hive Powered Reviews, this can be done in a browser extension.
There are obviously some ways that this reward structure can be exploited, but I think those can largely mitigated with an intelligently designed moderation system.
I think Hive Powered Git will be a reality in the future, allowing for development to really thrive. How soon is up to you ⚡️
I look forward to introducing my first Hive project relatively soon. I really believe in the crypto-economics behind Hive, and I can't wait to start working with it.
@theycallmedan, if you want a project manager to kick off Hive Powered Git, I'd be happy to lead the proof of concept. I'm sure it could be done quickly & cheaply.
There was a project called Utopian on Steem many years ago that was created exactly for that purpose.
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Yeah, I'm looking into it now
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