I would like to know why this only happens with Venezuelan accounts... because it seems to me that now the accounts written in English and that are from other countries have no more meaning for Hive.
Will Hive be an exclusive blockchain for Spanish and South American countries?
For these floors I would say yes... there is no lack of "official" accounts in Spanish (3spk, hivecreators, etc) and valueplan supports almost only initiatives that are located in Venezuela, Cuba or countries where Spanish is spoken.
Wouldn't the rest of the world (USA, Europe, even Russia) be interesting countries to spread our blockchain? Or do we even support more projects that can be beneficial for Hive?
This leads me to think that maybe Hive's destiny as social media is only for people who speak and write Spanish and the rest are left with games.
I'm starting to understand why several projects that could be launched on Hive always end up going to other blockchains like BSC or Polygon.
We only really need to become big in one region to eventually become big everywhere. On the other hand there's little point in being a little bit everywhere, but not especially big in any single location.
The reason for that is that economic network effects with money are in practice pretty local. The vast majority of financial transactions that almost everyone does, are the small ones that people use day to day, with people they meet in person. Particularly things like going to the grocery store, the coffee shop, the pub etc.
A network like ours needs to get to the point where there is a self-sustaining economy that is using it at its core. If Hive and HBD starts being used not just as a niche source of income, soon converted into local currency, but as something that people are using together in their local community, in their local shops and businesses - that is a solid foundation to expand from. A smaller presence in many places, but where you cannot use Hive or HBD in your local community, is much more likely to disappear at any time.
In Venezuela, the stars somewhat align to make this a possibility. Money is not functioning as it should in the country, and people are basically crying out for a solution to this. It also just happens to be where we have our largest community by far, and that was before we made any particular effort for it to be the case. By making efforts to grow in this particular market, we are attempting to exploit an opportunity that doesn't yet exist elsewhere (although some countries like Turkey and Argentina are potentially on a Venezuela-like trajectory).
I can understand that we want to try to start to become big somewhere in the world, but I don't believe that we will be bigger in Venezuela when in the statics we are talking about 350 Venezuelans when Venezuela has a population of 28.7 million.
So, I think we are too far away from being relevant on Venezuela and we, as community, "are paying" more than national double salaries for 0.000015% of Venezuela population and this it is only taking in consideration the reward pools.
Have you looked to the HBD that are being transferred to Venezuelan users/projects from Decentralized Hive Fund?
Because taking in consideration, these transfers, the values presented in the post are too low.
So, now Hive the goal to be a micropayment coin to daily basis, right?
If yes, 95% of the country will never be interested to use Hive or HBD as payment coin since they are already using bitcoin lightning network and people will prefer to receive BTC since it has more liquidity that Hive or HBD.
With more people come more merchants, with a bigger widespread come more people, at some point there should be enough people here who directly earn, stake, get interest etc to make the bridging from hive to lightning unnecessary because they can pay with hive/hbd directly and the merchants who have a hive/hbd account + an exchange account would be happy to accept that directly, especially with a stable hbd. I'm not too concerned about the costs of proposals going towards paying for conferences and events that spread the word of Hive, no matter the location or how impactful it is, it's a good first step towards marketing "in the real world" and at the same time all these people who go to the conferences are more established and rewarded and at the same time incentivized to bring more people in because they're receiving rewards in more ways than the person next to them discussing other projects cause of how Hive L1 works here where contributions are rewarded in many ways.
I am not also concerned about to spend money with marketing (conferences, publicity campaigns, events, etc) but I have some concerns related to a project that received more HBD than an apartment value with 4 bedrooms and 3 bathrooms in Caracas.
Do you think that is normal?
I am just being more participant on entire Hive ecosystem and see what projects are being develop in different areas. So, I don't know if this kind of thing it is normal or not.
I understand the impact to bring more people to our ecosystem that will make it attractive to merchants to accept direct Hive/HBD payments, as occurred with SLP in the Philippines during Axie Infinity FOMO.
Are you talking about @pettycash? It's in the hands of trusted keyholders and decision makers so I don't really see the point you're trying to make nor do I understand why you have to compare it to what you did. Doesn't matter if it's devs, marketing or whatever else is being funded, we strive for a general equality on the platform where it doesn't matter where you are from as long as you do what you say you're going to do when making a proposal or asking for funding for certain events. I curate the same way, although there it's more about activity, history and other factors rather than "just being about the content", but to give you an example, and by this I don't mean to imply that that's what you meant in your comment, but I don't go around checking what a country's average GDP is before I decide what vote to reward an author with. I'm also pretty sure that while some countries are in a deep hyperinflation it doesn't mean that the costs of things has gotten cheaper along with it.
No, I am not talking about @pettycash.
I am talking about @swc-oficial.
@hivefest received 54905 HBD to help with costs to organize our annual blockchain meetup.
@swc-oficial from 21st April until now received 43541.4 HBD, and we have two months until the end of year.
Do you think that is normal a work-out event receive almost the same founds as HiveFest?
I know that does not matter where we are from since first crypto premise is "not exist countries" and I agree that we shall not take in consideration if the user country it has hyperinflation, but I think we need to have some data related with this "investments" in marketing to have a transparent information (for example: how many people attended to the event/conference, what was the traffic on hive landing page, etc.). Otherwise, it is unclear trying to understand whether these campaigns bear fruit for our blockchain.
Yeah that's not something I know of unfortunately, I do agree though that it'd be nice with some transparency, for all proposals to be honest. Everyone's real nice when they write what they plan on doing with the funds but they quickly go quite when it's time to show what they actually did with them.
SWC is a series of events that are only held at highly affluent places in Venezuela. The locations are very selective. The audience are the 1% of Venezuelans or tourists. The cost is about $5,000 per event which is just the cost of logistics for the most part (there are dozens of people involved in each). The events are multi-day because of the set-up and tear-down required. The costs in those locations, because they are high-end, is on par with costs anywhere else in the world. We have gained significant interest in Hive from local government and businesses in relation to these.
That's the cost of marketing. And is very cheap if you ask me. In the end is Hive's money for Hive purposes, not yours, not mine, not value's plan. I've partaken in the Caracas Blockchain Week, had to ask for a loan to Neoxian and actually had to spend of that money, the cost of living is quite expensive here, more than first world countries.
Wait... Are you comparing Caracas Blockchain Week participation vs a workout event?
Do you really believe that event shall receive almost the same as HiveFest or even as Caracas Blockchain Week?
I'm just talking about Caracas Blockchain Week Bro. I actually participated in a Street Work Out Event as Speaker. There was great assistance but can't tell you about how the funds are being spent. I guess that's for them to clarify. I agree with you that every project, event, initiative must be audited. I guess we all are learning from this.
It's not a lot money if you ask, come to Venezuela and see the real cost of living. No one in their right mind lives here with minimum wage. It's just a marker.
We are not talking about Venezuela's living costs.
No, we are talking about how Hive it is doing, which is the blockchain's future.
Fortunately, I live in a "developed country", but don't say that the cost of living in Venezuela is higher than in other countries.
Because of these two images Portugal vs Venezuela.... it seems to me that our cost of living is high.
But as I mentioned earlier, this is not what is at issue here.
I believe they are attacking markets where the userbase is broader, like for instance countries like Venezuela where Hive is quite popular and getting recognizition. That said, Hive is not Venezuela, Hive is a worldwide project. The purpose of valueplan is to provide assistance instead of making tons of individuals proposals on the DHF. If Hive proves to be successful in one country, it can serve as a blueprint so the other ones can follow. It's business bro. The numbers don't lie. It's not "our fault" to be in this position. And after the Caracas Blockchain Week things are going to get better and spicy. Cheers.
The only thing I didn't like about what you said was that it seemed like you used a tone of superiority as if Venezuela users were more than other Hive users.
That's the wrong principle and if the rest of Hive users can't discuss what's happening on our blockchain, it seems to me a bad sign, because someone may not be being transparent.
As I said, I have no problem with marketing being done in Venezuela to bring in more users, but I would like the data on these marketing investments to be clearer and more transparent for everyone.
Many of the marketing initiatives do not disclose a single data about the success/failure of the outlined plan.
It's not "your fault" to be in this situation, but I would like to see the same openness to initiatives in other countries like the USA or even European countries.
I guess that's USA or European's Job to do. The DHF is there for everyone to try any proposal. Not superiority at all, sorry if you misunderstood it. Hive is worldwide as there's real proof of progress in other countries. I guess I spoke from heart cause I'm still excited about CBW. Cheers bro.
Yes DHF it is there to try any proposal but the proposal are only accepted if blocktrades vote on them because without ther vot any proposal will not be accepted even if the e tire community vote.
Last year I started a project on Hive called @hiveland.dapp and the proposal was not accepted but I think the Platform was very interested for the e tire community
Oh I see, I think I voted for your proposal.😔
I hadn't, I just voted for it
I wish you good fortune in your project. Just gave it a follow and will see what is about. Thanks for sharing.
The project will be shut down this month.
We reflected about the costs that we are having and the time that we were spent and decided to close it since we have a full time job, and we were only spent money on this without any help/support from community.
Valueplan accepts projects from anyone. You can create a proposal. No matter the country. We did an interview with one of its administrators, you can see it here. He explains very well how it works.
I agree with you about presenting results and impact of the proposals.
https://peakd.com/hive-189306/@rutablockchain/ruteros-especiales-con-guiltyparties-valueplan
Thanks for share that link.
I will read it to understand much better how valueplan works.
I read your link but I have a question:
How people can submit projects/proposals to valueplan?
Directly to the DM of the key hodlers. We have always talked to @guiltyparties. You can also talk to @crimsonclad
Valueplan supports initiatives in all countries but here's the issue: in Venezuela we have a lot of professionals from among the Hive community who are able to dedicate their time because they are not only motivated by seeing Hive succeed but also by this drive to help others. Some people were also either forced into retirement or have had reduced work opportunities due to the economic collapse. It's not a stretch for these individuals to do conferences and talk B2B or to organize something because the educational and professional background is there and the time component is there. Costs for events are also reasonable and we can ultimately lead to a very wide-spread HIVE/HBD use throughout the country.
In places like the US, however, both costs and opportunities provide challenges. A ten minute speaking engagement at a conference can go for 10k just for the opportunity, and those are not easy to get. The pressure on a person to go up and do a presentation in 10 minutes is astronomical. If we were to staff a booth at a major conference, outside of the actual costs of things like travel, lodging and food, we wouldn't be able to get the people. The US is a huge country unlike something reasonable like Venezuela where you can drive through it. In the US people can't get the time off work and there are other major barriers. We'll see conferences there in the coming year.
Take a look at the latest Valueplan post as it has some good projections for the coming year. Anyone can put in for it if they have an opportunity in mind which they think is suitable for Hive.