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RE: LeoThread 2024-08-04 13:45

in LeoFinance6 months ago

The SPL proposal is still unfunded.
We have saved the chain $38K HBD so far.

Now we need to get Hivewatchers and other projects un-funded.

We need to grow our collective power as a community to influence the DHF and witnesses.

We need to support projects that are buying Hive / bringing capital into the ecosystem.

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You are absolutely on the right track here, @simplegame

People need to stop funding some of these outdated programs.

SPL has brought in more then what it's asking for. I know you have a bone to pick with them and that's ok but at least realize that SPL has done 100x what these other DHF projects have done.

No I don't have a bone to pick with them.
i don't care about them.

They have not brought in value they have drained off value and have never promoted the chain.

Once again prove me wrong.
Show me all the accounts, the capital brought in (hive bought) and the hive rewards (author, curation) that has been liquidated and drained out, over the last 4 years on Hive plus the 2 on Steem.

No one has been able to show the value with real on-chain information.
They only point to the one time in 2021 Hive hit $3 when they were creating a bunch of accounts. but compare that to the the whole time line.

If you want me to feel they have value. Open the books, pull the data on chain and prove me wrong.

When i goto web3 events and people say "I play Splinterlands on BSC or I Play that .. .what is Hive??" They are not providing value.

Every account that Splinterlands brought in had to buy/ burn hive in order to create the account. This resulted in nearly 2 million hive burned. So that alone brought in value and increased the token price. There's NO way Hive was worth $2-$3 in the last bull run without Splinterlands. Are you seriously trying to tell me that Hive would have been $2-$3 in the last bull market and have as many users as it has today without Splinterlands because if so I find that laughable.

that is around $360k in today's price of Hive burned.
they are asking for $500K, plus we don't have a real number of how much of the reward pool they "upvoted' those accounts and liquidated that on the CEXs of the world.

I don't see the value.

Key takeaway is at this time. It wasn't 360k when it happened it was more near 1 million+ that would have been injected into the price of hive as it would have bought off the market. That's fine you don't see the value though you can think what you want and why we have the ability to vote how we want. I see it much differently. These other DHF funds clearly are not brining in any kind of value.

I don't support most of the other DHF proposals either.
and all I have said. is prove the value with real chain data.

I think a ton of the projects are draining the reward pool.

I'd agree with the pools are being drained. That's mainly because there's no external factors to bring revenues in which blows my mind that no one is doing that.

show me how many of those accounts are active, how many have actually brought in capital.
show the numbers, show the actual accounts.
What is the value of 2 million Hive burned ?
What is the value those accounts have drained off the reward pool and liquidated into other crypto.

Show the numbers. Why does no one show the actual accounts.

I don't see the value. It was a just a bull market NFT spike. It means nothing.

they have also spent all their money and are running out. Why should we trust them with any money if they can't manage what they have earned correctly.

Don't just shill prove with data they are worth it.