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RE: Valueplan the Numbers Part II. YTD Payout figures.

in LeoFinance3 months ago

It feels like Hive is on the brink of the abyss and that is sad. A terrible idea with such a small user base to spend so much funding on amateurs who seem to have little to no idea what they are doing. If you want to do something about marketing and fund it, at least ask for complete accountability for the community. We're all paying for this! We can take action with complete accountability if it does not achieve the desired results. If you do not want that, then spend it on a company that is known to know what they are doing. As it is now, it costs a lot of money and the results are not forthcoming. How many new users has the value plan funding generated so far, and better yet, how many new investments has it generated so far? @themarkymark can you run some data for this?

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I agree completely. I would say it is hard to get metrics on the projects. Take the Bike Racing for example that we have funded 20,000 HBD Year to Date. I have not seen any posts around this on the platform and ended up going to Instagram to find it. The funds go to a @victorwallet and he is involved in the Street Workout Crew. I don't see a thriving motorbike community on Hive. The rally car Community has 4 active users and 2 of them are the drivers. 😂

It’s disproportionate in every way. I almost want to say, “Give me a job where I can do my hobby (drive a rally car, biking and street workout), where I get paid thousands of dollars a month and don’t have to account for anything, and even better, don’t have to show any results.” No boss will offer me a job on those terms. Yet that’s exactly what we do here at Hive. Have we all become “do-gooders” as a community?

That’s what it looks like for the community right now, in my opinion. A “value plan” where a ridiculous amount of money is going with no results and no accountability for what happens to the money. Well, maybe there is accountability ... but not to the ones who are paying for this, the community!

And worse, a Hive price of less than 17 cents, with no real prospect of improvement. And a debt that could destroy the entire blockchain. I'd say, it's not looking great.

I don't think there are any visible metrics to determine how many and if they on boarded or brought in any investors. From what I have seen in general and with other projects, it's clear the answer is near zero.