Exploring The Dynamics Around Decentralised Hive Fund
DHF - Is the DHF truly decentralized, or does it largely depend on whale decisions? How do you think the DHF could be improved to be more decentralized? How do you think making the DHF more decentralized would help the blockchain, its users, and projects?
Hello #qccommunity, I trust you are having an amazing time out there. Even if that deal hasn’t clicked, keep on pushing and keep your eyes on the ball. It will come through someday.
Since I joined the Hive blockchain. I have been participating in many activities such as voting for witnesses, joining communities, and voting for proposals. Most often, I read through those proposals and their objectives. However, that moment might really be enough to digest the goals and objectives, but at the end of it all, I will cast my vote, especially when I read a few lines that align with me.
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DHF (Decentralized Hive Fund), from my findings, is about requesting funding from the blockchain to develop and run the Hive blockchain smoothly. This is normally submitted in writing, presenting a proposal for such work, stating the cost and justifying why the Hive blockchain should trust the individual/s with such funds.
However, the good news is that it is an open activity and everyone on the Hive blockchain has the right to either vote or abstain. There is also a timeline attached to it after which, if it didn’t sail through, it could be returned, and the individual/s left with the option of letting go or trying again.
The dilemma is that the majority of stakeholders are still in the entry or middle level of Hiving; on the other hand, some heavy stakeholders can easily decide the fate of these proposals. In other words, irrespective of the fact that it is thrown open, the heavy stakeholders' vote carries the day.
This is because HP is a major determinant that gives the voting power percentage. So, from my understanding, the voting received from those heavy stakeholders and a little support from the majority will perform the magic. Though I am still learning the dynamics
To balance this equation, lol, I suggest capping voting for heavy stakeholders while allowing those in the lower region to vote without capping. Furthermore, there should be an enlightenment and awareness program for all users on everything about DHF. Though I have joined some online programs about Hive on YouTube and a Discord channel on a few occasions.
Finally, there should be a form of enticement or incentive for stakeholders at the entry and mid-level to encourage mass voting from them. All these points will work towards a better decentralised, repositioned, and transformed Hive blockchain.
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Congratulations for being brave to write about the topic, that I think is almost a taboo.
Good luck !
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Haa, but Hive is a place of learning and growth.
Polite response or afraid response 😆
Isn't it?
!LOLZ
We can also make polite and meaningful comments that will build positive vibes ✨️ instead of creating tension.
!INDEED
!ZOMBIE
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Hmmmm, I didn't notice it. Thank you for that update. I'm going to shift to other tipping tokens. I hope the owner is working on restoring it back to normal.
!WEIRD
Meanwhile, the !LOLZ token burner raffle bot hasn't worked for 186 days as @savvytester has been tracking it everyday. 🤯😆 !PIXY
Whoa, I am not aware of this fact. What happened? I thought it has been working oo.
I have been using it until I was informed about it not working a few days ago.
I like using that tipping bot. Which of the bots are close to it now.
!WEIRD
Let's just say that the owner/operator of the LOLZ bots @captaincryptic has been on a "long vacation" from Hive, so our only options right now is to either continue to wait or "give up". 🤯 !PIXY !ALIVE !HBIT
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I wonder which are places not for "learning and growth" (for you). 🧘♂️🤯😅
I have joined so many crypto platforms and I can tell you for free that I didn't kearn anything from them. But here, I have met great minds and not only learned but have also grown in this my one year old journey.
How time flies.
!HOPE
I see you meant other online platforms are places not for "learning and growth" (at least for you). 🤔
It's good to know that Hive (or in particular, many of its users) has helped you grow (in knowledge)! 🤗
Well, yes, you are correct 👏. For me, I ha e learnt a lot and still learning. It is adventurous for me.
!INDEED
It took me a few seconds to understand that the
ha eon your comment there actually meant "have". 🤯 I hope that you avoid hurrying to type, as it is apparent that such typo is caused by typing too quickly. 😅 !PIXY !ALIVE !STRIDESaying that capping voting for Hive users with huge amounts of Hive Power is a good suggestion, though the specifics (such as what the cap is and how to prevent a Hive user from simply creating more Hive accounts to distribute their Hive Power) must be discussed further !INDEED. 🤓 !WEIRD !HOPE !PIZZA
I agree, you know, when the discussions happen, other subsets of this suggestion will come up.
Just like during the Hive Open Mic 🎤
Such discussions can happen to enable other users contribute to the subject matter.
!INDEED
I think that only a (very) few number of Hive users will continue talking about the topic (until they arrive to something they would agree with, !HOPEfully) !INDEED. 🤯😅 !WEIRD !PIZZA
If that is the case, it will really not yield the needed result.But majority will push it to a logical conclusion 😉 😀
!HOPE
That would need a majority itself first to emerge from the overall Hive community! 🤯😅 !PIXY !ALIVE
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This is such a great point. Hive has so many things running, that some people don't know about all of them. I think the blogging part is the one most people use and know, but we sure need to talk more about the DHF and educate people about it.
Exactly, if you know the number of articles I have bookmarked on Hive blockchain to assist me to learn and unlearn the Hive blockchain, you will marvel.
There is need for enlightenment at all levels and front ends.
!PIZZA