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RE: The main excuse for malicious down-voting is "Over-Rewarded Content..." What about the account making $10k+ PER DAY in spam comments?

in LeoFinance2 years ago

None of what I said is personal. I think you know that.

Yes, I didn't take it personally, just pointing out that I don't derive any personal profit from DHF proposals. While I know you've been around long enough to know that, there are a lot of new people that may read this discussion and not know that, so I often write for them as well as the person I'm directly replying to.

And while I think your view of the DHF is overly pessimistic, I do understand your point that people are more likely to fund proposals by people they know (which are also more likely to be friends, at least of a collegial sort, even if not typically close in-real-life friends).

But I've voted for proposals of people I've never met, or even interacted with, in the cases where their proposal seemed potentially beneficial. Nonetheless, it is also true that most of such proposals didn't get funded, despite my vote, and that is likely in part to due to the fact that the proposers didn't have enough interactions with other stakeholders to generate sufficient trust.

Speaking from experience, I can say you generally need to have a lot of those same types of interactions with venture capitalists to get funding from them. It's the exception, not the rule, when someone gets funded without stakeholders taking some time to get to know them and judge their mettle.

DHF proposals tend to have a higher bar to get funded, as opposed to ICOs, where people chase tokens with only the slightest regard for who the team behind the project is simply because of FOMO. On the whole, I think the DHF is a more efficient mechanism as far as achieving productive work, and with the limited funding available to Hive, I think that is necessary.

I don't think you need any assistance to get a project going that you want going.

That wasn't always true, but it is true now, at least in terms of financing (finding the right skill sets can still be a challenge though).

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2 last things while I have some of your attention on this post.

Banking through Blocktrades. Being able to deposit FIAT to Blocktrades Exchange from a bank account. Account in my case would be Ireland.

DHF seems to be central to development right now.
Alternative means of support for such things is something I feel strongly should be looked at. That would inherently give value to both HBD for stability and the value of HIVE keeping afloat.

Banking through Blocktrades. Being able to deposit FIAT to Blocktrades Exchange from a bank account. Account in my case would be Ireland.

I've actually been working on developing a Euro-based emoney business of this type for a couple of years now (although it is a different company than BlockTrades for domicile and regulatory requirements, and BlockTrades will be one of its customers).

The software for the site is in alpha test right now, with all its current customers being just employees and related companies like BlockTrades, but I plan to open it up to Hive users who want Euro accounts connected to SEPA system within the first half of this year at the latest, and hopefully by the end of Q1.

DHF seems to be central to development right now. Alternative means of support for such things is something I feel strongly should be looked at.

Easier development of layer 2 apps and support for layer 2 tokens can serve as an alternative source for development funding. Splinterlands, for example, never raised money via the DHF.

I'm trying to create an environment with HAF and the follow-up smart contract processing engine where it is easier to reproduce that kind of development model: a model where apps are incentivized to be developed for future rewards from their operation and where these apps provide most of the functionality that Hive users are looking for.

I'm trying to create an environment

Feedback.
I speak not of what is being done by any, you or others.
The development of Apps Dapps is great, However is that not the same as all eggs in one basket. Support for everything is relying on code.

My thoughts are to create something that supplies the funding for development of all sorts. Add the funding remains regardless of what Hive does.

Think about this possibility.

Well, not sure if this is the kind of thing you're talking about, but last year I established and donated some initial funding for a not-for-profit organization in the US to fund research and development into decentralized ways for people to communicate ideas over the internet in a way that isn't gameable by traditional disinformation attacks. That organization wasn't setup for Hive development work and doesn't even have any connection to cryptocurrency at all, but a similar organization could potentially be setup for Hive as well at some point.

But I think it may be more difficult to setup such an organization in the US for crypto, because my guess is that the IRS (which regulates not-for-profits) is likely to frown on any not-for-profit organization that does development for a cryptocurrency. As far as I know, such not-for-profits are usually setup in Europe.

I came here four years ago and the first thing I said was beware of the banks.

Banks is used there merely as a name everyone can relate too.

Every obstacle you mention or will. Has been hashed out over four years and regardless of laws in any jurisdiction, Methods are available.

Methods used by already established corp are merely mirrored. The law to examine for what I suggest is not crypto in this case. More to the medium of exchange. Currency. Private agreements can use any medium preferred.

Many layers yes. Many have been seen on how to overcome.