Please vote Return Proposal
Why? You ask. What is return proposal? Allow me to explain.
But first let me explain what DHF is. Hive DHF is Decentralized Hive Fund. Simply this is a space or instrument where an individual or a group write up a request of funding and if the hive stakeholders vote the proposal (not the post) high enough (will explain, this is where the return proposal come in) then it gets funded. It typically receives a daily HBD (which is equivalent in value of 1 USD) payment for the length of time it remains funded.
It is a short paragraph, but there is a lot to unpack there. First, where do you find these proposals. I find them in the PeakD link here:
https://peakd.com/me/proposals
Alternatively, here
https://wallet.hive.blog/proposals
When you go to that peakd link of the proposal page, you will see all the proposal currently getting funded. How do you know? Scroll down until you find this proposal by @gtg
It says to the right;
This is the base return proposal. Every proposal with less votes will not receive funds.
The purpose of this return proposal is to have a wall so that just any random proposal can't get funding. This is needed because currently proposal can't be downvoted like a post. Although I have a development ticket open so that particular feature can be added. It is second from the top on this list (please would you mind giving some thumbs up there?)
https://gitlab.syncad.com/hive/hive/-/issues
Secondly, every proposal have a start and end time. It can be voted before the start time, but it is NOT funded until the start date. Obviously, it is funded till the end date.
Thirdly, funding is dynamic. Meaning, a proposal can be funded on day 1, if it is above the return proposal, due to the cumulative vote by stakeholders, but, it if it falls below the total vote barrier of return proposal, say on day 5, it is not funded. Then say on day 13, some other hive stakeholder/s come in and vote the proposal in question above the net cumulative votes of return proposal, then it is funded again.
Finally, the situation is dynamic. The Return proposal can be upvoted by any hive stakeholder who doesn't want certain proposal to be funded anytime.
Why is this important?
Recently, there is a proposal by Leofinance that caught my attention. You can go to the proposal page above and access it. It is rather detailed and well articulated as a text.
It is the proposal #269. It will go active on September 01, 2023, and will remain active from that date throughout year 2024, If Funded.
This is what it demanded.
Proposal is demanding from you to pay $495/day, every day, for 16 months or 365 + 122 =
487 days so $241,065 total, if funded, yes from you. Why from you? Because you are the owner of DHF as a stakeholder.
Let us first digest this information. Please ask yourself, if you like to pay nearly $250K to Leofinance for a marketing and onboarding proposal from HIVE DHF, which doesn't even carry Hive LOGO. They have their own name and logo. Well they are planning to change it, and asking the community what people want it do be.
The current top suggestion is BLURT :)
I can rest my case here, but I won't:)
Here are my problems with it:
- It is too expensive, unnecesssary and untimely, and will NOT deliver any of its promises
- Leo doesn't carry the banner of Hive. They even have their own token.
- There are plenty of reasons to point to them being extractors of Hive.
- Admitting what they get out of it would be a hard sell to Hive (because it's pretty underhanded and mostly extractive)
All these 4 points are not my words, but several others have said the same thing at various places.
None of the leo holders own any meaningful amount of staked hive. The fundamental premise of founding LEO community was a mini-rebellion against large hive stakeholders, and forming their own token. They have openly said that they hated hive for years.
Don't get me wrong, they have done plenty of projects, all very opportunistic. I was involved in quite a few. I thought being opportunist is perhaps good. But in the end, all those projects are doomed, and they are out of funds. Well if they are not, why do they need money from you, us?
So, now their most successful item is actually leo.voter which runs a curation service on hive. Founders do not hold any meaningful amount of hive. It is community staked and I would argue a net negative for hive.
Onboarding typically get people excited. Heaven knows some hive people salivate the moment you mention onboarding. However, paying people to get in a platform never worked for us, We have tried all these technique the proposal have mentioned before and they have all failed in the past.
This time is different?
NO. It won't be. Nice book above, by the way, you LeoFinance people. Have you read it?
Why me?
Why am I writing this? Am I a good person? I am not. I downvote people, sometimes personally. I do that because I know the persons I am downvoting are farming hive or being a net extractor of hive at the expense of YOU. Downvoting does not give me any personal benefit. It redistribute the potential rewards, which was not theirs until payout, to the reward pool.
I do it.
I am a monster. I admit it.
I protect the hive reward pool for you at no personal benefit to me. Infact, I get a whole lot of personal abuse for the last five years, including death threats and personal bodily harm to me and my family. And you think why am I so rough sometimes? Please do what I do, and then come back and tell me.
Yet, I am here. I am here everyday. For me. Not for you. Because I like doing it. I am doing it for me. I am also writing this for me.
Mind you, I am NOT asking you for money. I never have. I am financially free. I have never sold a single hive net. I have power down a handful of times, all cases to purchase some Splinterlands assets. I have no net outflow of hive from my account. I currently stake nearly 1M hive, which I purchased with my own money mostly. I have no conflict of interest.
I have never asked you for money, never will.
Leofinance proposal is asking you for money.
DO NOT give it to them. Bear market is not the time for onboarding people. They will be net extractors. The new people will have very low retention. They will be most likely needy. They will take the money and run. This is a certainty.
Please unvote their proposal if you have voted. Please vote the Return Proposal on the proposal page, below:
https://peakd.com/me/proposals
