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RE: The HBD Stabilizer seems to be doing its job nicely, very nicely!

in LeoFinance3 years ago

As @smooth warns in his latest proposal post we need to be careful to make sure every other proposal above Threshold is above the Stabilizer, otherwise it won't get funded because this proposal sucks ALL the rest of the daily funds to it.

Yeah, that’s kind of crazy.

It’s why a few days ago I unsupported the HBD Stabilizer Proposal and voted in favor of Proposal to Make HiveSQL Free Again #138. They’re neck and neck in voting. As of right now, separated by less than my vote weight alone. There’s got to be a better way.

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It's an odd one isn't it - but in a bizarre way it almost makes having an Orca sized stake useful - Lord knows anything under 1M HP is fuck all use for voting witnesses, without a Trades vote no one's getting in the T20 - BUT for this small deal stuff being a T200 rather than a T1 account can actually make a difference.

Not that you can blame large accounts like Trades for holding so much HP, we could always buy more of course.

Do you know how many proposals would still be funded without BT's vote?

I'm not sure TBH - but the return proposal only has 15M HP voted to it so I would hope it's not 0 like the witnesses in consensus.

I notice one of yours is a 'victim' on the stabiliser!

Out of the 14 proposals above the HBD, only 4 will be funded: the ones from Howo and Peakd, HiveSQL and HiveAuth, the last 3 being the only ones actually funded without BT's vote.
The same applies to Hivebuzz's proposal which was previously funded without BT support.

I notice one of yours is a 'victim' on the stabiliser!

"Victim" is the correct word because the stabilizer is backed mostly by whales, whose stakes are rising faster than others, raising the bar faster than the rise in support for other proposals that don't have the stabilizer supporters among their own supporters.

So basically the HBD stabiliser at current levels is sucking development funds away from developers?

Not for all devs/projects. But for those who are not supported by BT, it becomes really difficult to get funded. We are in a somewhat similar situation as for witnesses.

It's a tough one - I'm painfully aware that it's even worse than it appears - I know the alpha account is basically Trades too, but on the other hand there's so much liquid Hive out there it's possible for someone with large enough pockets to buy enough to compete.

I can't really hold it against Blocktrades for holding a larger stake than everyone else!

It is something I find most interesting - how decentralised is Hive compared to other Chains - it seems to be very centralised, but then again in terms of how much it would potentially cost you to gain significant governance rights it's not that centralised - but that's probably a silly measure.

Thinking like that is also possibly my pro-Hive bias - wanting to find an analytical trick to prove it's not really centralised at all.

Maybe I'm just kidding myself.

Do you know who controls the Freedom account? Dan or Ned I presume? Or is that Trades too?

At least Trades is prepared to put a face to his account name, that's something at least, maybe?