OK, I will try to explain the status of the DHF and then show how it applies to our proposal:
Currently, to date, the DHF has some 5,300 HBD available daily. (rounded off figure)
Currently, there is under 1.300 HBD being issued daily via the DHF. (again a rounded off figure).
Which leaves some 4,000 HBD not being utilized daily.
Guess someone could claim that it is "being saved for later", yet later with the current inflation rates (& printing rates) of The USD it will probably take $1 million to pay for what is $100 today. So that "argument" or "logic" doesn't hold water.
As per the code, there is no option to put a cap on the funding. It is limited in how a proposal can be submitted.
Which can be seen clearly on: https://hivedao.com/proposals/createproposal
However, this limitation in abilities should not be a reason to stop anyone, especially those among us who have been around for years, in the community and as witnesses, to not put in proposals that aim to utilize the DHF in an effective manner. i.e. utilize the available daily funds out there which are not being utilized. Long term projects with a firm foundation behind them should be supported for the good of Hive and both our cryptocurrencies.
Again, if there was an option to put a cap on the form it would have been done. As this proposal shows, a proposal can be based on total sum of HBD and not necessarily exclusively on a time factor.
Overcoming the limitations placed in front of us is the only way we can find new and better ways to move forwards.
One of those could be an added parameter in the DHF code, "Total HBD Cap" = max total to be funded.
Which would be a great addition and if it already exists, then I would love to see it pointed out to us, so that we may edit the proposal. (however, as per the above online form it isn't there).
I hope this explains things a little better to you and anyone else who was wondering why the sites are showing some crazy figure instead of the payout Cap that we clearly defined and backed with proof and justification.
Note, we have also added extra measures of auditing for all funds from the DHF and likewise opened an account only for those funds, so that anyone at any time can review all transactions, without having to look through pages of irrelevant transactions.
Again, trying to go the extra mile, so as to set the pace for all future proposals that are submitted.
Cheers.
nhf, mistook what you were saying, my bad. Sorry about that.
That cap was talked about in a thread in a discussion not too long ago on possible HF24 additions. I wouldn't be surprised to see it sooner than later. Plus, @fbslo, once we reach the mark, it'll be withdrawn. We have raised the bar, literally, and appreciate the support in seeing us move forward with a fantastic marketing proposal.
This makes so much sense but seems hard to explain.
But perhaps the why is 'So funding can start on any date and not be a problem'.