Hi everybody and welcome to Part II of the Valueplan posts outlining October figures. In last weeks post I outlined the user accounts that were funded in October. We will take a look at the year to date figures in this post. All this information is coming from the Valueplan Wallet and it is free to view by anyone if you go to their page on Hive. Previous posts are below in case you want to read back on outgoings in 2024 so far.
Valueplan The Numbers Octobers Figures Part I
Valueplan the Numbers September 2024
Valueplan the Numbers August 2024 & Payouts YTD Part 2
Valueplan the Numbers August 2024 Payouts Part I
Valueplan the Numbers July 2024 & YTD
Valueplan the Numbers June 2024 & YTD
Valueplan the Numbers May 2024 & YTD
How much is the Rally Car Costing YTD Valueplan the Numbers Jan - April Part I
Valueplan the Numbers part II: Payouts per user ranked from January 2024 - April 30th 2024
Valueplan the Numbers part III : Recipient Account Values
YTD January to October 2024
| Rank | User | Project Funded | Hive | HBD | Total USD |
|---|---|---|---|---|---|
| 1 | @ssekulji | Rally Car | 785,004.39 | 18,126.89 | $236,459.69 |
| 2 | @lordbutterfly | Rally Car Video / Photography & Vibes Music Inititaive/ Hivefestm, Miami Art Week | 141,243.00 | 120,072.00 | $145,848.85 |
| 3 | @crimsonclad | Hive Conferences / Social Media Accounts / Binance | 216,057.28 | 22,723.43 | $110,511.84 |
| 4 | @blackheart1 | Hackathon/ Conferences | 0.00 | 94,925.45 | $91,325.45 |
| 5 | @swc-oficial | Gym Street Work Out | 0.00 | 89,598.80 | $89,598.80 |
| 6 | @arlettemsalase | Crypto Conferences/ Merch | 0.00 | 60,882.59 | $60,882.59 |
| 7 | @mcsamm | Community Wells / Conferences | 0.00 | 48,488.00 | $48,488.00 |
| 8 | @cryptosimplify | Aguas Santas Handball Team Sponsorship | 0.00 | 45,705.80 | $45,705.80 |
| 9 | @sucrewallet | Hive Sucre | 0.00 | 45,232.60 | $45,232.60 |
| 10 | @qmwallet | Community Wells Project Extension | 0.00 | 28,391.00 | $28,391.00 |
| 11 | @wooconventions | Wrestlecon | 0.00 | 26,369.70 | $26,369.70 |
| 12 | @victorwallet | Victor from SWC Pedal Bike Racing | 0.00 | 24,096.00 | $24,096.00 |
| 13 | @hivestudentshub | Hive Students Hub | 0.00 | 23,074.85 | $23,074.85 |
| 14 | @blockchainsummit | Conferences | 0.00 | 20,200.00 | $20,200.00 |
| 15 | gaottantacinque | HBD Swap/ Not funded | 0.00 | 20,000.00 | $20,000.00 |
| 16 | blocktrades | Valueplan Admin | 61,224.20 | 0.00 | $18,040.57 |
| 17 | @spiritsurge | Professional Services | 0.00 | 12,600.00 | $12,600.00 |
| 18 | @hivecreators | Various Hive Projects | 0.00 | 12,547.00 | $12,547.00 |
| 19 | @hexagono6 | Revenga Social Impact Project | 0.00 | 10,900.00 | $10,900.00 |
| 20 | @krolestwo | krolestwo events hive | 0.00 | 10,015.00 | $10,015.00 |
| 21 | @mynewlife | Various Projects | 0.00 | 8,181.33 | $8,181.33 |
| 22 | @king13wallet | K13 Motor Racing | 0.00 | 7,890.00 | $7,890.00 |
| 23 | @josepimpo | Talent Land Conference | 0.00 | 7,668.00 | $7,668.00 |
| 24 | @starkerz | Talent Land Conference | 0.00 | 6,870.46 | $6,870.46 |
| 25 | @buzzparty | Buzz Party | 0.00 | 6,229.07 | $6,229.07 |
| 26 | @jonsnow1983 | Professional Services | 0.00 | 4,905.11 | $4,905.11 |
| 27 | @abdul01 | HTC | 0.00 | 4,415.00 | $4,415.00 |
| 28 | @danielvehe | HGTS Maturin Event | 0.00 | 3,530.00 | $3,530.00 |
| 29 | @theycallmedan | Talent Land Conference | 0.00 | 3,438.08 | $3,438.08 |
| 30 | @web3global | Web3 Event | 0.00 | 3,275.00 | $3,275.00 |
| 31 | @rubencress | TechEx Amsterdam | 0.00 | 3,064.97 | $3,064.97 |
| 32 | @hivetalkproject | Hive Talk Project | 0.00 | 3,024.69 | $3,024.69 |
| 33 | @detlev | Hive Meetup | 0.00 | 2,808.71 | $2,808.71 |
| 34 | @yonnathang | Hive Motion | 0.00 | 2,756.00 | $2,756.00 |
| 35 | @audiarmisg | Events/ Conferences Peru | 0.00 | 2,695.00 | $2,695.00 |
| 36 | @hivearte | Hive Art | 0.00 | 2,588.00 | $2,588.00 |
| 37 | @hiverun | Hive Run | 0.00 | 2,366.00 | $2,366.00 |
| 38 | @guiltyparties | Valueplan Admin | 7,058.00 | 0.00 | $2,153.41 |
| 39 | @gorayii | Talent Land Spain | 0.00 | 2,050.75 | $2,050.75 |
| 40 | @thedeltron | Promotional Film | 0.00 | 1,875.00 | $1,875.00 |
| 41 | @gr33nm4ster | Talent Land Conference | 0.00 | 1,670.00 | $1,670.00 |
| 42 | @edmundochauran | Blockchain Rio | 0.00 | 1,889.25 | $1,275.00 |
| 43 | @mundomanaure | Hive Run | 0.00 | 1,060.00 | $1,060.00 |
| 44 | @hivecuba | BTC Pizza Day | 0.00 | 1,050.00 | $1,050.00 |
| 45 | @rutablockchain | Hive at The Museum | 0.00 | 985.00 | $985.00 |
| 46 | @alpha | Valueplan Admin | 3,058.00 | 0.00 | $978.16 |
| 47 | @logic | Talent Land Spain | 0.00 | 961.81 | $961.81 |
| 48 | @disregardfiat | Blockchain Rio | 0.00 | 706.00 | $706.00 |
| 49 | @music1sound | Sound of Music | 0.00 | 680.00 | $680.00 |
| 50 | @aksurevm89 | B2B Hive Suvre | 0.00 | 614.25 | $614.25 |
| 51 | @denny0105 | Web3 Dubai | 0.00 | 608.00 | $608.00 |
| 52 | @hiveio | Onboarding | 0.00 | 600.00 | $600.00 |
| 53 | @ecoinstant | Hive Educational | 0.00 | 600.00 | $600.00 |
| 54 | @engrave | Blockchain Developers Berlin | 0.00 | 565.00 | $565.00 |
| 55 | @modri-kri | Award Cermony Merch Copa Hive | 0.00 | 500.00 | $500.00 |
| 56 | @cbrs | TechEx Amsterdam | 0.00 | 431.90 | $431.90 |
| 57 | @omarcitorojas | Hive B2B | 0.00 | 327.00 | $327.00 |
| 58 | @hexagono6 | Revenga | 0.00 | 320.00 | $320.00 |
| 59 | @ferbu | Magiricure | 0.00 | 275.00 | $275.00 |
| 60 | @latino.romano | Press Release Peru | 0.00 | 250.00 | $250.00 |
| 61 | @marlenyaragua | BTC Pizza Day | 0.00 | 230.00 | $230.00 |
| 62 | @stefy.music | BTC Pizza Day | 0.00 | 199.00 | $199.00 |
| 63 | @manuphotos | Talent Land Conference | 0.00 | 175.00 | $175.00 |
| 64 | @daniel2001 | Hive Outreach | 0.00 | 160.00 | $160.00 |
| 65 | @hiro-hive | Web3 Dubai | 0.00 | 150.00 | $150.00 |
| 66 | @zonahive | BTC Pizza Day | 0.00 | 140.00 | $140.00 |
| Totals | Jan to October | 1,213,644.87 | 807,927.49 | $1,156,783.44 |
Summary of The 64
I have tagged all 64 people as you have applied for funding from the Hive Blockchain so there is an element of responsibility that goes with that. The more funds you are allocated, the more responsible you are to use these funds in order to help the Hive Blockchain. I know there are 66 rows above but I have untagged two names as I believe one was used to exchange HBD to Hive when there was no liquidity on the market at the time and the other one was was a correction made after the rally car mistakenly paid HBD instead of liquid Hive.
Rally Car Numero Uno
So as you can see above there has been a total of 66 accounts funded so far this year ranging from $140 for pizza on National BTC Pizza Day all the way up to our famous rally car that has been funded $236,459.69 year to date. This takes up 20% of the entire Valueplan budget. If you divide it by daily earnings year to date, the rally car is being funded 775.27 HBD per day. The are only 2 active proposals in the Decentralised Hive Fund (DHF) that are receiving more daily HBD. The first being Smooth's HBD Stabiliser which is essential for Hive blockchain mechanics and the second of course @yabapmatt Splinterland's proposal that faced much criticism when it was proposed. Maybe the next time he should just apply to Valueplan for the funding rather than have to jump through the hoops he had to jump through for what is Hive's largest and most important attraction by a country mile. It seems an easier, more peaceful way to obtain the funding.
Everyone knows motorsport is a black hole for cash. It's why only billionaires can own a team in F1. Having the rally car receive such massive funding, It has become fairly large egg, an Ostrich egg , in our marketing basket. To me and many others it is a Make A Wish Foundation more than a marketing opportunity. We are helping two people pursue their dream which is nice but maybe not the best idea if we are a blockchain gasping for air.
I made a point in Octobers Part I asking if @ssekulji or the project managers funding the rally car if they could ask Team Rally Car to break up the expenses into less generic categories rather than piling them all into generic expenses. It is hard to keep track of what exactly is being spent on the rally car. For all we know they could be staying in 5 star hotels and the car isn't costing that much at all. I doubt this is the case but how am I to know?
It's all piled into tranches of 5000HBD . Never any refunds either for say, variable expenses such as hotels and food, to be refunded back in. For the sake of transparency and it being Hives largest expense , I think we deserve to see a breakdown of the costs into more accountable categories such as hotel costs , rally car maintenance, race entry costs, food expenses. Simple accounting practices like this shouldn't be too hard to abide by.
The Top 15
The Top 15 ranked accounts are clearing $20,000 YTD. 3 accounts are over the $100,000 mark in 2024. That is alot of money but 2 of these users are project managers who are paying deposits for the blockchain, Hive digital marketing etc. Most of @crimsonclad payout is for "funds for Binance and Exchange Partners Co Marketing Inititives for 2024" which is a blockchain expense. Around a quarter of @lordbutterfly's total is for his own solo "Vibes" project which was launched before he became project manager. These funds are used mostly for the winners rewards of the competition which is over 1000 HBD per contest which lasts around a week. I must enter one myself soon. I do a good Abba cover. Any guesses, leave in the comments!
Conferences a Major Cost YTD
I have focused heavily on the users ranked 5 , 6 or 7 (7 is also the recipient of ranked 10) in previous posts so I won't go into them in this post as there remains many questions unanswered. Looking down through the list I am seeing an awful lot of money being spent on conferences. Too much in fact. There are far too many of these conferences being held in certain countries. It smells of money racket. It reminds me of those awards ceremonies that contact you to enter your company into and then charge you for the privilege. It is quite a lucrative game these days as you can post on Linkedin about winning your award (that you paid for). I never see any posts around how the event went from a networking point of view or who they attracted to the Hive Blockchain. The business side of things. Its mainly photos of a big knees up or a big banquet. Nothing too serious with the exception of the cost involved in flights , accommodation, entertainment and of course the murky world of "Merchandise". The people that are hosting these events are so busy marketing and networking about Hive that they are forgetting to post on Hive itself which is essentially a blogging platform until a Dapp comes along that is so successful that Hive means something else to people. But for now and to the disgruntlement of the Hive devs , we write about leaves on our daily walk, photos of ladybirds, who was on Epsteins flight list, secret weather controlling bases in Antarctica. So we should be writing about our experiences at the conferences that the blockchain funds.
The Blockchain Rio conference which cost more than $25,000 in total when everyone was funded, I had to ask for posts about it for example as I could find nothing about it. It was like we were not even there. There was not anything on X or Twitter and nothing on any Youtube channels. It was as if people did not want us to see some of the photos in my opinion. When I did get a look at some of the photos I was disappointed with the Hive stall. The merch was disappointing given the amount of funding that it received. A few of Hive rubber bands and these crappy looking Hive stickers. To top it all off everyone had their heads in their phones at the stand. The furthest away from networking that you could possibly imagine. Maybe it is now the era we live in now. People think I have it in for the rally car but if someone was to ask me to choose between Hive attending conferences or the Rally car I would pick the rally car as I think it gives Hive more exposure than any crypto conference. I have read a piece in a Medium article recently around crypto conference attendances? It is attended by other crypto companies mainly. Not so many of the general public actually attend these conference. It's true when you think about it. Everybody just goes from their own stall and has a wander around the others to see who the competition is, maybe poach a couple of devs. So unless we have some of the Hive Witnesses and the big boys at these conferences to explain to the other cryptocurrency firms how we really do it then there is no point in even going.
So say myself and a couple of the Irish Hive guys and girls put in for 25,000 HBD to do the Dublin Crypto Currency Event. Not beyond the realms of possibility. We are caked here in Ireland at the moment. There is gold dripping from the ceilings. We have companies like Coinbase and Binance based here in the city. Actually Ireland is becoming a really good crypto capital right now. Anyway say devs from these big companies may mooch over for a look at this little blockchain. Vitalik is keen to know how the hard fork worked out. After I talk them into taking a Hive wristband,(that I will produce for an extortionate amount of money and produce a receipt that proves it). They may ask the 3 of us about something technical maybe about the complexities of how HBD is stabilized and how we can operate a feeless based blockchain. Do you think we would be able to give them a definitive answer? I don't think we would be able to. It is not our area of expertise. I am not a dev. I'd give them another wristband and pray nobody else comes near me. Head in phone. So unless we are sending some of the Hive dev's to these events we are wasting our time.
Witness Voting
A couple of people have said that Valueplan is not showing up anymore in the active DHF proposals. I am not sure why this is. If anyone can enlighten us? Also a point made in a comment is around our Top 20 witnesses who are Hives elected officials should come out in the comments and let us know if they agree with or disagree with Valueplan so the Community can vote for them accordingly.
I think many witnesses are against Valueplan but it is hard to know if they do not record it somewhere. During the Splinterlands debate a couple of witnesses came out against Valueplan and I immediately voted for them. So instead of moaning about it like me, we can take action and vote for the witnesses who are against Valueplan. That could shake things up abit.I know it is all about staking but to have witnesses against the current plan in the top 20 would make things trickier.
There is another comment around voting for the GTG return proposal which highers the bar needed for dunding but I do not think that is good because other projects that are actually doing good for the Community will cease to be funded also and this is not good.
So witnesses are you for or against the current Valueplan? If you are against it you have my vote and maybe a lot more like me also. Witnesses have it easy enough here on Hive but I would like the voting to be like a democratic election. What are your beliefs and policies for Hive? What is your manifesto? Write a post about it and you would be amazed how many witnesses nestled in 40th position would rise through the rankings if their policies aligned with what the community wants. We have 30 votes and most of the time we do not know the witnesses we vote for. I vote for the witnesses who engage with me. That's how I do it anyway but I would like to know more about where they see Hive in the future.
Anyway that's enough from me this month. See you in November.