RE: Can We Please Not Use Hive Reward Pool For Another HBD Stabilization Attempt?
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For me, it is surprisingly large stakeholders vote for that. It's the most stupid that can happen.
Clear rules. We have DAO for that, stop spam trending page. This lets look hive and the entire Blockchain looks like a big joke + Shitcoin.
First impression from a new visitor:
"Wait the stable coin is not stable? Why these people are too stupid to build it? looks like dump project"
"they fund projects this way? Holy shit what a shitty Blockchain dump project, I never look at this bullshit again".
is like thejerrybanfield naked under the shower on trending.
I think hive has the best negative/self-destroying marketing - PR strategy.
Never shill the good things. Only let everybody know about things that don't work. Nice.
And an Investor never thinks after such a first impression " let invest in this". Never.
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It is not a bad idea. We all want HBD to be pegged. But using rewards pool for that is just not the way to go, especially after everything we have accomplished so far. It would be great to see all those voters for those posts participate in voting for real authors.
My thoughts are, leave the rewards pool alone. HDF has a lot of money to fund many various projects.
True,
But all the fixes of the peg look amateur to me. HDB doesn't work since day one. Why we try to fix a broken system this way? It's ok for leeching some funds and burn some Hive, but does it really make sense long term?
If they really want it stable. Open the fund/transfer from DAO + stabilization for every user. Then we become funds 100x higher than the current proposal because Hive users can make a return out of it.
Would long-term stable HDB and IMO less amateur :)
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I personally think removing haircut would fix it. But I am no economist, so don't know. But @smooth and @blocktrades have great ideas I think that can actually fix it. I just don't want it to be at the cost of author rewards.
Stakeholders in Hive vote for the post because as long as HBD is >$1 on the market, it captures that value and adds it to Hive, which increases the value of their stake. The consideration of how the trending list looks has less priority for the average stakeholder than making HIVE more valuable. Further, a functional stable coin can make Hive more valuable as a network.
Agree. But my point is trending is the first impression window to Hive.
If new users / Investors look the first they see is " stable coin that doesn't work" is not a cool impression.
IMO the more sexy way is a new proposal with 10k HDB funds a day. This would be much higher and the trending looks clean.
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Putting the image of stable coin that doesn't work out front on the trending list is a valid concern but it also shows community effort and resolve to fix problems too. A potential investor might see the strategy which puts buy pressure on the price of HIVE and see potential. Maybe one of the foolish people speculating on HBD without understanding it might visit a Hive front end and see it too :)
I replied because your comment above seemed to not understand the motive or priority of these large stakeholders voting on the post. And it's way better than Jerry Banfield half naked holding a baby :D
The output from the DHF is limited and currently the HBD stabilizer proposals are using almost all HBD that is not otherwise allocated. As you saw from smooth, he plans on making more proposals (as long as there is a need) when more HBD output is available.
Sure I understand. But the way is the problem.
If we would allow a pool that converts Hive into HBD and buy from the market every investor can buy-in would be a smarter solution, would also better scale. HBD would become super stable at this point.
Yep, that is the solution. I see you voiced your support for it on blocktrades' recent post.
Define average stakeholder?
the point is a 400$ post makes hive not " more valuable". The only real impact is the bad first impression
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Like the stakeholders that upvoted the posts. Average, weighted by stake at least.