I'd have liked at least a large part of it burned - it would have been a much larger message from the community... too late now. More discussions for 4 years about it instead.
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I'd have liked at least a large part of it burned - it would have been a much larger message from the community... too late now. More discussions for 4 years about it instead.
Yup apparently that will be difficult...this makes me think that hive may not be the final step. It's perhaps a transitional blockchain while people scramble to get funding for various projects that many will disagree with.
If it is burned no one can get their hands on it. There are now two proposals to send dao to null. One is 1000sbd and was made back when we knew steemit wasn't gomna do crap after SMTs were released. The other is newer and proposes to burn half 850~). This only stops some of the flow of thebsteemit stuff it is still there to abuse.
That's why I introduce idea 3, turn off the 10% taken from creators for original DAO until steemit seized funds run out or it is agreed to be burned.
Yep. One of the reasons I was hoping for the burn was it would have given everyone a greater percentage ownership of the chain.
I was also sold on the idea of increased distribution. Now the DAO is the elephant in the room.
I'm patient, but I would like to see it resolved around the time when we decide which steem centralization supports can get their stuff back.
In the meantime I'm powering down on hive (I'll invest right back and maybe much more if I like what's happening)
Fair enough. I am powering up as like it or not, there is opportunity for a long term result and I want to be an invested part of the process. Not many I know who powered down, ever came back to power up significantly more.
Challenge accepted. I'll probably stop around week 8 or 9. I don't intend to drop below 5000hp, but I'm feeling the spirit of the EIP which caused me to buy around 8k on the exchanges on exchanges has temporary evaporated. That caused me to triple uo, maybe this event will too. Part of me wants to be an orca especially if I like developments. I don't want to wait for the reward pool to get me there. =)
There is plenty of volatility to come and yeah, don't wait for the reward pool. I think there has been far too much focus on people earning just from the pool without buying. I think if an investor, buy and trade also.
I like to see the reward pool as icing on the cake. It keeps me well informed and opinionated on the hive blockchain and motivated to blog. I fully intented to keep 100% of my hive rewards and the money I make from selling the same % amount of Steem will be used to buy hive (I said I was all-in :)
Not keeping liquid hive during this operation is just too good of an oppertunity to pass up. Some people may be willing to over pay ~
As for the part I got from binance-hot, fortunately, I got my buy average really low last year from a combination of events. I did power most of it up, so that hive will go for now. Maybe I'll stash it in a secret account to downvote everyone who annoys me. =P
Only 25% is being used, but people want the pool to grow. It could attract some stellar development teams, but it also increases the risks to non developers since we have absolutely no idea what it will be used to.
Unlikely, but you can start a proposal now and potentially get funded for several thousands of dollars a day within a matter of minutes if planned right. It takes me 13 weeks to power down, disagree and sell out.
I think tying HP to people is a huge mistake. It's no where near decentralized enough.
The dao was never meant to have the Steemit stake. It is currently being trickled into the Dao. Who even decided to put it in there? It was not a dpos based decision and it was not a democratic decision either. A few people who backed Hive decided to put it in there.
Doing anything else with it will be difficult a d this debate will not go away anytime soon. It's likely to split the community again.
I understand this, but it will at this point be adding to the total liquid supply over time. I don't mind some of it sitting there, but I think it was a missed opportunity to reduce the past inflation rate significantly. I do hope that those who get supported through it deliver value to the community.