Today is is the Day 3 of HIVEFix. The Creative Process is a Messy Business..
My answer to the question is.
- New Exchange Listing
- Power Down period reduction to 5 weeks with HF25
Longterm game is positive sum. We’re all baking the $HIVE pie together. We’re trying to make it as big as possible.
Thank you everyone who're continuing to give feedbacks/suggestions/ideas to improve our HIVE Network. Please share new ideas or adjustments to your current suggestions. Let's discuss ideas transparently. Prioritise what need to be fixed first then take actions.
HIVE Fix Day 1 Blog
HIVE Fix Day 2 Blog
We need to collectively make our HIVE Network more community driven, more decentralised. There are many protocols/projects/investors will be ready to collaborate with us only if we can saw that our HIVE has all the right ingredients and it's heading in the right direction.
We need to have skin in the HIVE network and it has to be backed with contributions, stake and long term commitment. The reasons why community members are pointing out the things that HIVE need to improve is because they truly care about the future of HIVE. Daily HIVEFix will aggregate community feedbacks from HIVE Blockchain and HIVETwitter.
I don't do Discord, Slack or Telegram. Only HIVE and Twitter. I prefer open discussions and transparent communications wherever possible. So please share your feedback, suggestions, critics in the comment section or on HIVETwitter and I'll add to my daily HIVEFix Blog with LeoFinance. It's not about me, it's about us and our HIVE.
Posted Using LeoFinance Beta
Of everything I've read here, I think making votes for witness expire is the most important. This is drive a lot of competition for those top 20 spots, and a lot of development will be the result.
Some of the complaints about the onboarding might be dated as well. Khal is doing great making the onboarding better than ever on Hive, with LEO.
Posted Using LeoFinance Beta
I agree on both counts, and would add fixing the curation curve (like they also did on LeoFinance.)
Noted dude!
Posted Using LeoFinance Beta
I agree with everything.
Let's push this changes with HF25
Posted Using LeoFinance Beta
Steem's current 4 week model was said to induce a massive crash in price, but it has been outperforming HIVE in the exchanges every single day except maybe two since the 'zero-day' drop. Only for a few days was HIVE above STEEM after the initial launch pump. And it was barely. I'm all for a powerdown length reduction. I think it would give people more comfort knowing they don't have to lock it up for over 3 months and would be much more likely to buy it to HODL. Those 5 weeks are also just beyond the current 30 day window for witness voting for a new account. Wait, was that added in HF24? I read somewhere it was, maybe I'm wrong, but either way, it gives people ample enough time to get in and get out if they so choose, without burning their buns on an investment.
There is a company behind STEEM and they've exchanges in their side. So I wouldn't compare the short term price.
That being said, HIVE is under community control and we must work together identifying areas where HIVE need to FIX. I'm all for a power down length reduction too!
I will find the answer for you :)
Posted Using LeoFinance Beta
New exchange listing....Fixed Hive maximum Supply of 800 million when the supply will increase there should be burn hive program for each transaction, post, comment upvote. Make HBD as a true stable coin like USDT. Promote monthly hivepud event sharing with 2 million hive power delegation and 100k liquid hive. Need to support the all quality contents especially to the newcomers and investors. Finally need a decentralized Instagram like HiveGram.... Hive On❤
It's something I was thinking lately too.
Like $BAT, HIVE can do something to Fix max supply
Posted Using LeoFinance Beta
Absolutely right. Even hive should create some advertisement on Brave browser. We need lot of promotion and partnership. We are still early social blockchain....this is the best time to build a big network as centralized platform did 15 years before.
We need to fix Peoples perception that the price needs fixing, Price is fine. price is doing what it's meant to. It's reacting with the market. We need more users, more uses, more everything. Which is exactly what is happening on a daily basis, tons of projects constantly building..
I certainly agree. However upward price movements can only bring more people to HIVE.
Also we must understand the Crypto market is mostly controlled by speculators and centralised exchanges. Market is controlled by fear and greed of people.
From my personal view the powe rdown period must be reduced to make more people to stake HIVE and this will allow HIVE to become more decentralised and community driven
Posted Using LeoFinance Beta
I can agree on the power down needing to be a bit shorter. 4-5 weeks seems good and still keeps the existing security effect in place.
This would also make it more appealing for people who want to use have as a secondary income like those from economically challenged countries, As they would be able to withdraw more HIVE faster to buy their food and pay bills etc.
Coupled with already being worked on stuff like RC delegations, governance fixes. Everything is already ear marked for fixes in the next hardfork subject to community debate of course.
I’d say:
1: More integration into the real world, especially commerce.
2: Front ends that are useful, more tool driven, rather than socially driven.
3: (if I may be so bold as to add a third suggestion) pushing for Keychain or HivePass to be used to login to third party sites like we can with Facebook and Google accounts.
Thank you for this brother!
I love the 3rd one. HIVE needs to make some bold decision otherwise we're not innovating
Posted Using LeoFinance Beta
Proper tokenomics. A good model to look at is Synthetix protocol (SNX).
Create positive feed back loops to on token price instead of negative selling pressure. Escrowed time-locked rewards are absolutely necessary & token rewards on ad revenue.
Posted Using LeoFinance Beta
Thank you for providing your feedback man!
Just looking at SNX now..
Posted Using LeoFinance Beta
I think four weeks power down is the sweet spot. Maybe even having an instant power down available at some costs of course would do the job, but 13 is way too much. In crypto things can go wild in days and having lots of money locked for 13 weeks doesn't feel nice at all.
Posted Using LeoFinance Beta
Can't agree more!
Posted Using LeoFinance Beta
You're not the only one...fortunately.
Posted Using LeoFinance Beta
?????????
I'm not an expert, but that wouldn't hurt the platform.
Could you help me with more information about that idea?
I don't know, reducing it to 5 weeks, I think it would affect the value of the currency, I mean people by getting their HIVE faster, they would exchange it even faster for BTC or another currency.
I repeat, I am not an expert, I would like you to explain a little more about what would be the advantage in reducing the shutdown time.
First of all, Thanks.
This is what I found on https://wallet.hive.blog/faq.html#What_is_powering_up_and_down
What is powering up and down?
Powering up - If you have HIVE tokens, you can Power Up to Hive Power to get more voting influence on posts and comments. Having more Hive Power also increases the amount of curation rewards and new vested tokens that you can earn. More HP also grants more influence on approving Hive witnesses.
Powering down - If you have Hive Power, you can power down to turn it into liquid HIVE over a period of time. The system will transfer 1/13 of your Hive Power to HIVE each week for about three months (13 weeks), starting 1 week from the time it is started. However, you will lose your influence in the network proportionally to how much is powered down, so think about it carefully. Power downs can be stopped at any time.
5 weeks power down will certainly allow people to release the staked HIVE faster and It's also encourage more people to power up. Specially new investors.
Hope this helps
Posted Using LeoFinance Beta
Perfect, I already have a clearer idea.
Your post has been voted as a part of Encouragement program. Keep up the good work!
Try https://ecency.com and Earn Points in every action (being online, posting, commenting, reblog, vote and more).
Boost your earnings, double reward, double fun! 😉
Support Ecency, in our mission:
Ecency: https://ecency.com/proposals/141
Hivesigner: Vote for Proposal
I like that. If witnesses were voted on by active users only, do you think that would help bring in more developers, you know, something like @brettpullen suggests just above?
We have some of the best developers that crypto has to offer already. No lack there.
Thank you for this!
Bringing more developers to HIVE would be one of our top priority!
Posted Using LeoFinance Beta
Yeah. The idea of working together would be extremely positive for everyone, not to mention how much more we might also accomplish!