RE: A Vision for Hive

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The DAO is one of the greatest things to happen to Hive. It's new, and we could use more devs competing, but the amount of work the devs that are getting paid are putting in, I'd like to shout out to @howo especially, is what gives this chain value.

Investors look at developers, in the age of defi/dao if you don't have a self-funding mechanism for development, people won't touch your coin. Bitcoin has Blockstream, EOS has block one, ETH has the ETH foundation, etc. DAO's are the future, Hive does not need a "sugar daddy" because we have a DAO to fund dev work, we didn't need to have a 70% premise (ETH) or a year-long ICO (EOS) - we are pure grassroots.

Also, being on ledger is one of the best things you can do for your project. No serious investor is touching Hive until we are on ledger. Yes, I am an investor but I'm cut from a different cloth. Most investors don't do enough research and are terrified of risk. If they don't see you on a ledger or with a way to fund dev work, speculation goes out of the window.



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(Edited)

The DAO could have been one of the greatest things to happen to HIVE. Its not.
Its a rigid, closed system "ruled over" by inefficiency, lack of vision and direction.
Im not talking about removing the DAO im talking about a thorough overhaul.

Inefficiency is what im talking about in this comment above. It stems from the popularity contest and inner circle presence that determines the funding. Theres a 1000 ways to improve that but no one is up to the task because those that are the ones to improve it would not want competition.
To put it simply:

"Non-believer" developers can contribute greatly to HIVE, even more so then long term Hive dev believers, since their focus must be on efficiency instead of "personal relationships".

Lack of vision and direction is another issue here... but blocktrades wrote a post, guiltyparties wrote the technical vision, Ats is writing this post with the same direction which is great to see so i wont rail on here much.
Just say: repeat, repeat,repeat.
Thats how this sticks.

Also, being on ledger is one of the best things you can do for your project. No serious investor is touching Hive until we are on ledger.

Nah, i wouldnt agree with that. With the DAO sure, you could say its of great importance but so is for the investor to see results of the DAO. If a investor sees devs wasting money the DAO might as well not exist.

With the ledger, not really. Steem has been going up and down, been in top 10, low as 100, Steem got bought by a huge investor (JustinScum) anyway. Bunch of other tokens dont have ledger support, people buy and sell it. YOu can stake HIVE.
I called it a "cool feature" which it is but its worthless at the same time.

Im not going to regurgitate what i think is important to hook an investor since i write that in my last post but i will say that HIVE, a 100 in MC token is not in the position to throw tens-hundreds of thousands of dollars at development #fluff that does not pay for itself.

No investor will look at HIVE and say:

"Omg, look at those features, look at SMTs, look at this economic incentive, look at this community", look at these dapps, and then fold because it doesnt have Ledger support.
But on the other hand he might fold if we doesnt have those features regardless of us having ledger support.
The $ that went to ledger support could have gone to a cool feature that actually had direct positive effect. It could have maybe payed for guest accounts on Peakd if they managed to pass the return proposal.
Even if you go to the lowest of low expectations. To generate some buzz or hype... it didnt, it will not...
Its useful but its worthless.

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Well I can't speak on all investors but I am in a grp with some of the biggest investors in crypto, I'm talking billionaires, and most won't consider a crypto they can't store on a ledger or a regulated custodial exchange like Coinbase/Gemini etc. You can have your opinon on it but it is a fact ledger support plays a very large roll to large pocket investors, they don't want to hold it on a Hive account they have no idea how it works, nothing like bitcoin/eth address with our mutli key system. Ledger makes it plug and play and is the worlds best and most trusted crypto wallet.

I always hear people say they want to improve the DAO but they don't list reasons. I heard of a popularity contest but without KYC how can you have 1 person 1 vote? Plus that could be sybil attacked. Stake based voting is one the purest forms of voting there is, vote with your powered up stake.

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(Edited)

Coinbase/Ledger is a signal of trustworthiness. Investors don't have time to research sub billion dollar market cap coins as you would think. They look at what's on Coinbase/Ledger and go from there. Ledger does not list scams and neither does Coinbase. You would be surprised at how many trading bots add coins auto that has Ledger support. It's amazing to think that account security isnt the most important thing to an investor when talking about crypto, a new highly speculative asset that has no insurance. Investors aren't yoloing into rando coins that are not on the most trusted exchanges/wallets, period. This goes for VC/Institutional investors, think Winklevoss. Of course you have retail fomoing into DEFI etc, but that is a whole different story, most of the coins won't be around in 6 months as their hype cycles die out. Without VC money you're going to have a hard time creating enough volume to drive real speculation.

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I just don't see any proof for your ledger claims unfortunately. All I see is a market functioning the same it did before and after ledger.

I'm not calling for 1 person 1 vote.
I've listed the reasons, the solutions are another thing.

One of them could be making a job offer page that would work like the proposal system. A job presented, requirements made, community voted to pass it. Once applications made, a second vote for best candidate is made.

If it passes the treshold it can be shared on multiple websites unrelated to crypto even.
That would bring in a lot more competition to the proposal system and high quality individuals.
Even those that might not get the job might find Hive interesting.

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All I see is a market functioning the same it did before and after ledger.

Ledger is not available on the official ledger market though (they have to review the code and it's taking longer because of covid).

On your other ideas, I agree that the dao is kind of made backward (present a solution to a problem that may not exist and ask for funding) I spoke about it a few times, it would be great to have a proposal to fund small pieces of work (fix this one bug, do this task etc). the idea would be having it go to a Multisignature account, with a group (which would get elected by the community) who would oversee spending from that account, who would post listings, review the work and pay workers accordingly. Think of it as a layer 2 dao.

And that could also fit with your idea of a job board where people can vote. Imo it can't be direct democracy and has to be elected people because there's significant work/knowledge involved in reviewing the work done, the candidates etc. And I don't think most people will spend the time to do that and vote on candidates asking for jobs.

I know you will probably say that then it's another "old boy club" that gets to decide who gets funding. But this could be alleviated with enough people in that group and hard rules where you can't have conficts of interest and vote for yourself / someone close to you. (fredrikaa voting for me for instance)

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But this could be alleviated with enough people in that group and hard rules where you can't have conficts of interest and vote for yourself / someone close to you.

Sure. Id be happy with that system.
I would also like to see some jobs allocated externally if there was a job board with the current dev groups, you, Netouso, Blocktrades group, anyx, gtg, etc. , not making the call on candidates for the job, but rather providing easily understood feedback. Say a rating system where you would give each candidate a grade from A to F on the proposal page.
You wouldnt really need a second layer DAO for that. That could be done on front end side.

The point is to extend the reach HIVE has into the broader world of competent and quality developers.
The DAO has that potential and i dont see it fulfilling it right now which is a bit frustrating and dissapointing..

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