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RE: LeoThread 2025-02-16 13:19

in LeoFinance • 4 days ago

Would have been great to read some arguments by blocktrades or anyone who doesn't support Inleo's proposal. Haven't come across any such post but would be interested 🙂

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Hopefully we'll get one of those famous @khaleelkazi explainer posts. I'm really not aware of this whole thing

TLDR; the hive DHF is now fully centralized. If you want to be funded, you need 35M in community votes AND Blocktrades’ personal 26M vote

If you have the community support, but not Blocktrades, you won’t get any funding

Only 3 projects currently have over 35M in community support: INLEO, Keychain and Ecency

INLEO and Keychain have the community’s backing but not Blocktrades, so we are not funded.

Ecency has both the community and Blocktrades, so they are funded.

I am not speaking out too much about this as I think it needs to come from the community - since I clearly have a horse in this race.

Having 1 person control the DHF is an existential risk to Hive. I think the Hive community should band together and petition Blocktrades to fully abstain from governance voting. As someone who maintains the core chain activities + owns 26M HP, it’s a centralization risk.

This can’t come from me, it must come from the community

Yes the first thing that occurred to me was a dictator situation. Honestly I never knew what blocktrades was. I had just read the name in passing. I was psyched we were pushing forward with funding now I'm not psyched.

Blocktrades is Dan, he runs hive core since the fork from steem

I didn't realize he was Blocktrades. I hope he realizes that we should be funded. I've been here since the fork and never heard of ecency either lol. I don't see a future for hive without InLeo

I thought it was a different dude named Dan and they basically built Steem together funded by Ned? He is actually Larimer?

Well, this certainly seems like an invitation to examine the mechanics of witness voting. For starters, maybe witness proxies could only apply to witness voting, not to Proposal voting. Then there's capping the weight of votes...

It's hard to say what the best path forward is. I've long been in favor of BT abstaining from voting. I think it's ideal for the chain

That's the downside of POS. Something show be done about this. I think capping the vote weight is crucial

Time for Hive to be battle tested again, brings memory back to 2020.

is it a known fact his beef was with Leo?

Well, not sure if it's a beef or anything like that, just no support and would like to know some reasons behind this...

Ahhhhhh yes! So this was a way to basically stop LEO from getting funded, but at the expense of everything else as well.

Hive is owned by Blocktrades. And anyone that thinks otherwise now, is drinking the kool aid.

We must remain stoic my friend... Don't let "bad things" happening to you define your day, your mood, be grateful they happen so that things can be improved.

I applaud the stoic approach to things lol Takes a lot more self control than I have LOL

But you are right, I'm kind of clocked out of Hive, so really dont have a dog in the fight anymore. Nothing I do, will or will not help or hinder things so....Keep on keeping on!