DAO funding gets 10% of the inflation budget. The reward pool gets 65%. Fundamentally with this structure the DAO can never be a full substitute for directing funds where stakeholders think they should be directed to add the most value. We did, indeed, use all available DAO funds first. With that having been done it is still up to stakeholders whether reward funds ought to be directed there as well.
As others noted, as a stakeholder you are definitely entitled to vote for what you think adds the most value.
Rewards fund - 861,358 Hive = $340,236.
Hive.fund (DAO) - 75,058,945 Hive and 1,418,916 HBD
Maybe daily distribution limit of DAO should be increased?
I would rather convince you to see my point of view and not vote, than dispute the rewards with my tiny votes.
I fully support what you are trying to do though. Stable HBD is great for all of us. Just wouldn't want to see it happen at the expense of authors.
Btw, I left you a comment with a question few days ago on a completely different topic. May I ask about it? If not, it's ok, I understand.
The daily limit doesn't really solve the problem. It would allow more to be spent at one time, but that would deplete the fund faster which would then reduce the budget which could be spent subsequently. It is fundamental that only 10% of total funding is going to the DAO. That's just not a lot.
It is true that the HBD stabilizer proposal is a bit of a different breed in that it doesn't actually deplete DAO funds, but most do. I don't think we can reasonably change the general rules for this one thing (and even if we could, that wouldn't happen until a hard fork, who knows when).
The HIVE in there is a one-time sum and won't be replenished at all. A decision was made (which I agree with) to slowly release it over a period of years. The idea being that it should help support and sustain HIve well into the future. Again, grabbing it faster and "borrowing from that future" doesn't seem appropriate.
Since the project is only borrowing and returning Hive with profits back to the DAO, I thought there would be no harm in borrowing more.
Makes sense.
It still counts against the budget as if it were spending, even though it isn't. The budget is mostly tapped out. There is a small additional amount in the budget that is increasing over time and we'll probably make another proposal soon, but we can't just change the budget rules even though this isn't really spending.
Seems a bit weird you leave out the HBD authors receive and its value.
I took that number from hiveblocks.com. It doesn't show HBD there. My understanding was that Hive from rewards pool is burnt to create HBD for authors. Am I a wrong? Is HBD created separately?
If you mean the witness thing, I may look at it but I haven't yet.
May I follow up on the same question again? :) Sorry.
Since you didn’t say no yet, I was wondering if I could tell you more about leofinance, so that you have more information before consider to decide one way or the other?
Community loves leofinance and they bring great amount of value to Hive, the community, and stakeholders.
If you would like to hear more, I will be happy to drop more detailed pitch that hopefully will convince you to vote as well.
You are welcome to ask the same question again. My answer is that no, I don't see myself reading a pitch at this time. Maybe some time later.
You don't need to read the pitch if you don't have time at this time. You can just trust me and vote. I did the research for you. :) TLDR; - Massive benefits for stakeholders.
Since you left the door open, I will bother and annoy you with the same questions next month. Unless of course you just trust me and vote now. :)
I am really bad at this. I will try to get better in a month. Decentralization is difficult. lol
The issue is that it's easy to hide. Frontends could just stop showing it in trending posts. People who are interested can follow this account.