Leofinance wanting 26 million HBD
That number is way off. They're asking for just shy of a quarter million, but not all at once. Stakeholders can cut their funding with the push of a button at any time.
You are viewing a single comment's thread from:
I'm looking at their proposal again ... if their proposal is asking for a quarter million dollars, then how is it fully funded at 25,658,195.800 HP? Now, I did get the HBD and HP figure transposed ... but Hive is worth a bit over 28 cents ... so that's not $250,000 in value, but instead still closer to $7.1M for that proposal. What am I still missing?
I have no problem correcting my error, and I'm not even quibbling about the price -- I am frankly relieved to be wrong, given that we are talking about adding about 9-10K users. My point still stands: WE KNOW we need a marketing plan, and we know our user base needs to get bigger ... so we're just going to be mad because someone who does not know Hive's entire biography (in the 11,000 or so people that are around here, few know all of that) sees exactly the same thing and can see how we can do better and wants to know what he is missing? Like James on YouTube, I'm willing to get a better understanding and make corrections, and I appreciate you reaching out to me. I hope we on Hive can reach out in the same spirit and not miss the opportunity to connect with even someone who has made an imperfect discovery of the community!
The HP represents all the stake backing the proposal. I voted for it. I have roughly 85k HP. If I removed my vote, subtract 85000 from that 25,658,195.800 HP.
The return proposal sits at just over 21 million HP. I also vote for that. (I remember seeing a call to action asking people to vote for the return proposal in order to make it harder for LEO, but I had been voting for the return proposal since before summer.)
Since 25 million is more than 21 million, the proposal has been "approved."
There are no costs involved with those numbers. The actual proposal is asking for 495 HBD daily for 487 days. So if it's underperforming, it's possible some votes will be removed, pushing it under the return proposal and therefore they lose funding. That could happen on day 10, day 58, day 87, day 267, any day, with no warning. (But that's the life they signed up for.)
Of course I point it out to educate. Not to ridicule. These facts are spot on.
I'm not too concerned about that James guy. Not sure if he'd be interested. I look at that body of work and feel like he just picked Hive randomly. Probably already forgot about us. I noticed Crim reached out so maybe I'm wrong, which is fine.
I see a lot of creators like James. Similar approach. So many of them. I stopped paying attention to that kind of stuff years ago. Believe it or not, I'm not really into crypto.
OK: I have corrected my main post and removed the inaccurate figure, and I appreciate the explanation ... that was way more complex than I ever imagined.
I think my concern is, can we afford to be forgettable if Hive needs adoption? James is a technical momentum long-term swing trader type ... it may be that he is likely to forget, but he also asked for more information. If we don't care, then surely no one else will. Hive, to us, is not every other crypto, but it will be classed as such. We are the only people on this earth who can change that. I see James as good practice if nothing else.
I'll put it this way. I do care. Some things I can help people with. Other things, not so much. I'm not the right individual to be around that James situation. Perhaps you are, so please continue. You see potential there, grab it. I see potential in people seeing potential. So I encourage you to continue. There's nothing wrong with finding a path and deciding to see where it leads. I've been on one myself, advocating for something I see huge potential in, for several years. One thing. People agree it makes a lot of sense. Yet it has not come to fruition. Even when I TRY to give up. I can't.
I appreciate you caring enough to help me understand, and I can appreciate not everyone being able to put up with everybody because indeed, momentum traders can be annoying.
Hive is in fruition in one way ... the number of testimonies I read of how Hive has changed their lives as individuals and in their families, and communities is ever growing, even in the bear. This connects with me because I am a storyteller at heart. It appears there is a groundswell; the challenge is that Hive's price is not high enough, still in the bear, for those stories to yet be from all across the globe. But even in the United States, I have a story: I am a better storyteller, and author, and richer in a thousand ways, for Hive. Now, we see people outside are lagging on Hive's biography, and how long-time Hivers like me are still not clear on how it all works ... but the stories I read weekly and almost daily some weeks give me hope.