It's the people with a 1m+ HP supporting proposals who have the most stake and don't mind the inflation. Blocktrades support for the VP is an example of this but they have the most at stake and think it's good. They can almost single handedly push a proposal past the return proposal, so if you want to stop this Hive Oligarchy, collectively support the return proposal. Who am I with 22k hp to tell them what to do with their 24 million votes?
Nothing we do is going to make a difference, beyond coming together and supporting the return proposal in a massive way to make funding all projects very difficult, then implementing a burn proposal to get rid of the excess HBD in the pool. As a Canadian I'm used to those in control squandering money and wasting it on useless salaries and various pet projects. Why should we expect anything different from HIVE?
As for a 15% APR or 20% APR, no token should be having any inflation without a corresponding improvement in quality, or we will see its value go down over time. The inflation should be 1 to 2%.
In that sense I agree that I have wondered what is the reason for blocktrades to keep voting for these proposals.
He is a clear example of someone I respect a lot here and to some extent trust his judgement. If he thinks it is necessary to continue funding this I would give him the benefit of the doubt at the very least.
If @blocktrades could share his opinion regarding the current state of the DHF and APR on savings It would be very appreciated.
on the other hand, I think you shouldn't underestimate your 22K HP.
Assuming 180M HIVE staked, your vote of 22K represents a 0,012% stake.
In my case with 250K HP it's a 0,138%
When I vote for the presidency on my country (Spain). My vote equals the same vs every other active citizen.
We are 37M active citizens so 1 vote equals to = 0,000000270%
Look at it from the following perspective:
It only takes ~8000 people with your stake (22K HP) to equal the current 100%
Have a nice day.
Don't forget to participate in gov!
I discount my stake because there are only a few hundred active people with a stake larger than mine and getting them to agree on something is like herding cats. It's understandable why people power down or avoid investing in Hive.
I've spoken with some people before about marketing and analytics but my concerns fell on deaf ears. As someone with a background in this stuff I was virtually ignored. Some of these people can't analyze their way out of a paper bag (they are IT workers not financial analysts) and don't want to give up any shred of power to someone who can.
Who wants to be told that the rally car is the dumbest marketing idea since New Coke- people who watch that sport might not be our target audience, there are zero analytics on the impact of that advertising versus other types, so give it up! (Maybe they don't because of corruption.)
They don't even have a plan except to throw shit at the wall and see what sticks. Spending funds on random events in the third world is not a good use of funds- they share no way of judging the impact of the proposal on hive's value because they know it's negative accounting for the inflation.
They are scaring away people with funds from investing and the price of Hive continues to drop surprisingly faster than the inflation as people with HP give up. What's the point in participating in governance here, to protect my $4000 investment? I could make a better return mowing lawns...
Oooopss!
Sadly, I can agree with most of what you say. But it is only my perception of what is going on and I may well be wrong.
And the same goes for me. Have a good Sunday mate. A pleasure to share these words.
That's why we need to work together. It only takes 1K 24K HP accounts to counter vote a 24M HP account. Right now that might seem like a lot, but it really isn't.
Lol...are there even that many active accounts with 24K HP?
On second thought, the average account size might be lower in terms of HP, but in numbers much higher than 1,000. Maybe @dalz can provide this number.
Not yet. That's why we need to encourage users to acquire HIVE and stake it as Hive Power. It's really not that hard.
Oh, it is that hard.
Why would anyone want to acquire and hold Hive when the hottest thing in crypto right now is to blow your money away in the Solana memes?
Here, I have to babysit people's feelings.
People are free to blow their money on Solana memes if they wish. I'm not into that.
To help secure the network and vote for proposals and users that share my values. There are a bunch of medium-sized (50-100K HP) that have this vision and work towards helping others see it too.
Good luck with that.
Thanks man. I could end up being wrong and losing time and money, but hey, I'm willing to do that. I'm having fun in the meantime.
Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below
View or trade
BEER.Hey @enforcer48, here is a little bit of
BEERfrom @isnochys for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.