Alright, newbie stepping into the deep end here, please don’t throw tomatoes, ok? 😊
I agree that "printing" money is dangerous, and I would hate to see HIVE lose its reputation. That should be avoided at all costs.
As far as I understand, if one of the main issues is the size and length of DHF proposals, then making them smaller and shorter sounds like a smart and practical step. Reducing spending in a responsible way also makes sense. Without clear accountability, there is too much room for inefficiency and even potential misuse. Three months, clear goals, measurable results, and smaller budgets should be the minimum expectation for anyone being funded to provide a service. In my view, proposals should follow something similar to the S.M.A.R.T. approach: specific, measurable, achievable, relevant, and time-bound. Projects should also clearly show what they accomplished, what value they produced, and the inflation impact they created.
That being said, lowering HBD interest from 15% to 6% feels like a very big cut. I do not know the technical reasoning behind it, but 6% sounds extremely low from a user perspective.
Regarding “maintenance mode:” Forgive me if I misunderstood the point, but I am not sure whether shifting into that mode is the right approach. I think new features or improvements should always remain a priority. For example, it is my perception that I have not seen any visible improvements on 3Speak.tv. since I arrived on HIVE 3.5 years ago. The interface has barely changed, performance can sometimes feel slow or outdated, and overall growth seems more limited compared to other major HIVE projects. If “maintenance mode” means no improvements for another two or three years, that would be unfortunate.
There is one question I have, and I am not sure if it is relevant to this specific discussion, but it is something I have wondered about for some time. Is it actually better for the Hive economy when users earn HIVE by creating content, or when they buy HIVE directly? I would love to hear different perspectives on that, because I honestly do not know which of the two strengthens the ecosystem more.
Overall, I support the intention of protecting HIVE’s economic health, and I appreciate seeing this discussion happening openly.
Ultimately we dont think HBD APR will get down to 6%, somewhere around 8-12% is probably where it will end up, we are kind of playing the low extreme of the curve to see if we can get it to move slightly lower.
Innovation is of course important, however, it should not be at the cost of sending the price to the haircut and expanding the supply to such a point that normal investors become diluted.
IMO right now the best way and lowest risk way is to earn hive from creating content, using tool, spending hbd, and taking part in @hive-echo by @minnigunner and @artakush and #POSH by @acidyo
3speak has not moved for so long because the Hive price has been so low for so long now that we cant afford to progress. but there is an update coming very very soon which people like @meno @eddiespino and @kesolink have been doing amazing work on!
The HBD APR% you mention sound much more reasonable to me. I think understand better now what you mean about balancing innovation with economic stability.
And just to clarify, I wasn’t criticizing 3Speak.tv I only used it as an example to highlight that if 3Speak.tv wants to be appealing to users who are used to platforms like YouTube or Rumble, ongoing development is essential. But, I fully understand that finances play a big role in what’s possible or not. By the way, thanks to @meno, @eddiespino and @kesonlink for the work they are doing behind the scenes to make 3Speak better.
Regarding your suggestions, I’ve definitely been focusing on creating content, and some of those initiatives are already on my radar. I participated in the @hive-echo CTA and found it not only fun but also a great way to introduce Hive to web2 users. I need to start participating again.
Anyways, I’m still learning, so I really appreciate conversations like this that help me understand the ecosystem better. Thank you for the explanation and the work you do, @starkerz!