Follow Friday: What are you proposing?

in #hive7 days ago

The News

$HIVE may have hit an all time low recently, but we are still here and still doing better than the legacy coin. Blocks are still being processed and people are still developing.

Prices from @coingecko

Some blame the price on how much is given out by proposals. Several of them will expire in the next couple of weeks, including the big one to fund the work of @crimsonclad (as parodied by @blanchy). Some of the big projects will create new proposals to keep funding their development. @peakd have one that asks for less than before.

The economics of Hive are tricky in these circumstances and we have to consider what needs funding. I would hope that more projects can be self-funding, but the rewards system may not be enough.

You can have a say by voting up proposals and if you want less of them to get something then vote up the Return Proposal as that sets the threshold.

I have not seen a post, but there was an announcement on the @risingstargame Discord by @pinkfloyd878 to say that work is ongoing to move it to a more viable software stack. The data is being preserved so we will be able to continue from where we left off. I have missed the game, but then I have less stress about kicking off missions.

Friday Follows

  • @igormuba featured on the Hive Thrive show this week. That is every Tuesday on Discord where anyone can turn up to chat. He has been writing some posts about the Hive economics. We should be talking about that.
  • @soundlegion has a new EP of atmospheric songs.
  • @sagarkothari88 thought I should give him a mention. He is busily developing @hivesuite.app that has all sorts of apps and games. There is a challenge that can pay you something for promoting it.
  • @roelandp put out a request for comments on whether @hivefest should get funding for another ChainCulture event and the response was generally negative. That is understandable given the situation mentioned above.
  • @wellsforall has had Hive funding to install water wells in Ghana. They just posted an update.

Hive in the News

I found another mention of Hive on openPR. This time it was about @ecency in relation to the EU looking to reduce dependence on US platforms. Ecency are based in Lithuania. Some organisations are joining W, but I have heard that is closed source and lacking in transparency. Some think they should use Mastodon, but Hive is also decentralised.

The End

I try to stay positive about Hive despite the issues. I have been here for almost ten years and seen a lot of changes. It has just never broken out into the mainstream. Despite that it can be fun if you find interesting people to follow and engage with. I do find that most of them are smarter than average, but I do not have to always agree with them. That does not have to be confrontational, but if you want that then you can find it. There is a low tolerance for anything seen as abuse and people will react accordingly. If you do not want it then stay away from such people.

Stay well and Hive five!

The man behind: @tenkminnows: Helping good Hivers level up

@proofofbrian: A bot that checks for tag typos

#BritList: A monthly list of Hivers in the UK

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Lowest! 😧
Very difficult to stay positive & keep going but somehow managing to keep going
I have hope in hive
Does hive have hope in me? Who knows?! 🤷

Hope can be a powerful force, but we may need more than that. We have to optimise what resources we have.

I don't rely at all on any DHF.
I do it on my own. At my own expenses, at my own time, but consistent, continuously - keep building & sharing community updates. I pay on my own for servers, witness nodes etc.

See our vision, goals etc here - https://sagarkothari88.one/
All of our expenses are also open just like ecency has done - https://sagarkothari88.one/#/detailed-expenses

We cannot rely on the DHF for everything, but running services and employing people have costs. It's good to see you are so public about this. I know some projects like Keychain are looking to generate income.

@steevc Yes I am also trying to keep everything free of cost but it is very very difficult. but without finding the revenue source, I do not want to put any burden to DHF. But one thing I definitely miss is that whales not supporting such initiative. I am only looking for witness vote based support & upvotes on daily dev updates I make - and only if they like it, only if they want to. But it seems I lack that support too. If you've any tips or guidance for gaining such support, please assist me.

Have you been on the Hive Thrive show? If not they should talk to you. Various people are on the live chat and you could make more connections. I'm no good at raising funds and don't even get that much support for myself, but I'm happy to talk to people.

Okay. I'll look into hive thrive show. Thank you for suggestions. and also yes talking to people would be great help.

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 5 days ago Reveal Comment
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Thanks! Because of your post I found out about @blanchy parody and it is both the funniest and saddest thing I read all year on Hive hahaha

https://ecency.com/@blanchy/cyannaked-the-hardest-working-person-on-a-chain-she-never-posts-on

The guts some people hace to ask for retroactive payments in the worst economic crisis on Hive reflects their inactivity and how out of touch they are with the people of Hive.

Everyone who has any power or influence in this chain is completely out of touch with everything. They live in a bubble. They think only they carry the truth. It is ridiculous and honestly I do hope both our coins go worthless, that is possibly the best thing that can happen to Hive.

Edit: The worst thing that can happen is for us to go up. Imagine how insufferable those people will be if after all the mispending of fund and mismanagement we happen to go up in price, they would not just not learn a lesson but they would think they were right, they never considered on the way down from $3 to 5 cents "hey wait yeah maybe I am wrong" but they would be eager to claim "I knew I was right" if we go from 5 cents to 10 or 20 cents... ignoring that is still a 90% drop from ATH (which we may never reach again)

So what's the alternative to going up? As it stands it may not be viable for some projects to continue as people have to pay their bills. Some have invested years and a lot of money. I've put some money in and so may be running at a loss overall. I can survive that and Hive matters more to me than just money. I have not found a community like this anywhere else.

We've failed at so many things and it's not just the DHF or proposals or marketing. Even the name may have held us back as some have pointed out. I am not a marketing guy and not that into finance, but I like the people and the technology of Hive.

Right now as we keep reaching all time lows I think it is a mistake to think "how can we go up"

We have a bad economy, bad marketing and bad branding, as you recognize. Trying yo go up is either one of two things

  1. more people buying Hive
  2. Hive getting a business usecase

Number 2 is something we have not achieved in 10 years, we won't achieve that soon in our worst economic crisis to date.

Number 1 is immoral, we would need to convince people to buy into a bad investment to go up, that is not solving any problem, that is playing a game of musical chairs and hoping someone else carries our bags.

Because of that what we need to think is how to stop going down and stop making things worse. Somehow we need to show we are stable as a community, show that people stopped leaving and our economic condition stopped getting worse.

Easier said than done but aiming for growth or upside right now is a mistake, that is gambling and gambling is loss. We need to look for stability and avoiding more downsides.

Once we are stable and only then we will be able to build businesses and attract investors without fooling anyone and without gambling.

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Hive is headed back $3…. Now is the time to Buy.

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I remain convinced that we need Ukraine war to end

We can all hope for that. I was there before it all happened and they were great people.

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People people people! This is the most valuable chain (for me) because of the people!

It's sad, but I stopped playing Rising Star a while ago. If it does come back I will probably end up selling most of my stuff.

I'll be playing again when it comes back. I don't play many games, but I like the theme.

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I don't know what to say. It's not just Hive that's in decline. The entire crypto ecosystem is in trouble—something like the dot-com bubble. Maybe a shakeout is coming? Who knows. As a content creator, I have nowhere else to go. I've been everywhere, and it's getting worse everywhere.

I wonder if AI has taken over as the hot thing, but I think Hive will continue as it's not just an investment. It doesn't need massive resources to run.

Stay well and Hive five (cents)! ;)

Isn't it interesting how little people talk about the price generally? People just get on with things.

I guess price isn't that crucial for those of us who are still sticking around these days :)

It isn't for me, but I know a lot come here for rewards. I just wonder what they can make elsewhere.

I started using Reddit to promote Dead Pets a few weeks ago, and I've so far earned a whopping $0.15. The payout threshold is $10, but that's not the trickiest bit:

Enjoy your new riches!

:)

 4 days ago Reveal Comment
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Thanks for that information - I still have a lot to learn. As long as it doesn't look like there will be a complete collapse, I will be focusing on increasing my Hive Vote Value.

I don't see us collapsing any time soon, but these are tough times. Hive has values in many ways.

I agree and I don't think it will collapse.

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I have been away from Hive for nearly a year. Not because of price but my life's responsibility. Seeing the Hive reaching that low is certainly not pleasant. However, I don’t want the hope to die.

I have heard that MAGI is going to be life saver for Hive, is it?

I hope you can find something interesting here. There will have been developments.

I don't really understand MAGI well enough to know what difference it will make. I tend to focus on the social side and don't fret too much about rewards.

Easiest way to see it is as a decentralized Binance. Not a Dex. DEXes are just frontends to a blockchain. Thats what Altera is.
Magi is a crosschain hub that connects different blockchains in a fully decentralized manner. Thats why our witnesses run nodes for every blockchain we integrate.
It solves movement of value between blockchains without any wrapping involved.

Sounds a worthy project. Hopefully it will save our blockchain from the collapse

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A desire to write has brought and kept me on Hive.
The technical things don't make sense to me either

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I missed the parody. Just read it, it's so funny!

He has a way with words. We need to be able to laugh about things.

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What is the contribution of crimsonclad in Hive blockchain against 1000$/day payout?

She's done years of conferences, but it's not up to me to justify it.

She has 66.5M HP support on her proposal, so there must be some meaningful contributions behind it, even if they are not easily visible or recognizable to common Hive users.

A few people have a lot of influence in that, but I've seen her at work and met her. She could probably make more working for a big corporation.

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Funding to dig wells? wow that is really good for the Hive. There are enough mainstream charities for this surely.

Well they have been successful and seen to do it cheaper than others. There's a documentary about it.

Oh ok

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The renew proposals will reduce the spending at least some of it while still helping to maintain the projects alive... Let's see because I saw that some will ask for less.

About rising stars "The data is being preserved so we will be able to continue from where we left off". Wasn't they going to do a reset?

I thought Rising Star was going to continue with all the assets people held. Some of us have invested a lot into it.

Hmmm I thought they would restart everything...

Why? It might feel unfair to those who have played for a while.

Hi, I also have high hopes for Hive, I would like everything to work much better and I am trying to do everything possible from my little corner.

Sigo confiando en Hive ..💙

So what u think it will go high or not what's your analysis on Hive

I'm the wrong person to ask about financial predictions. I don't play the markets. I just think we have something special here and it would be a shame to lose it. I don't foresee Hive going away any time soon as plenty of people will run nodes at a loss, much as they do on other open platforms.

Hmm I got the answer
Have a good day ☺️

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Will HIVE remain active and vibrant despite recent lows?

We shall see as it's not been this low before. It's up to the users. I know some care more about the rewards, but unless more people join and invest it will not improve much.

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@steevc, you're rewarding 31 replies from this discussion thread.

Every single development, curation reward and governance decision is driven purely by the organic interests of the community. So, Hive will never go down to zero (if community handles it properly)...

Market analysts predict a potential mid-summer rebound which could push the price toward a maximum target of $0.13 to $0.15 later this year... Let's hope for the best!

Who predicts that? Anyone can make up numbers :)

That's what I make!
!LOLZ

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Now is the time to Buy.

I just bought 50,000 …. Now over $100,000 Hive Power. I’m an Orca. My goal is 10 Million Hive Power. On my way to Hive Whale again. Let’s go !

Wow! I hope it works out well for you. I'm a long way off whale and have seen a big drop in my account value even as my stake goes up, but I still enjoy it.

Me too. Hive is the best !

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 7 days ago Reveal Comment
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